GSI Technology (GSIT) SVP exercises options, sells 40,000 shares in market

Rhea-AI Filing Summary

GSI Technology Senior VP of Memory Design Patrick T. Chuang exercised stock options and then sold the resulting shares. He exercised options for 40,000 shares of common stock at an exercise price of $5.58 per share and acquired the shares on the same date. He then sold 40,000 shares of common stock in open-market transactions at a weighted average price of $8.561 per share, with individual sale prices ranging from $8.50 to $8.67. Following these transactions, he directly holds 15,166 shares of GSI Technology common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHUANG PATRICK T

(Last) (First) (Middle)

C/O GSI TECHNOLOGY, INC.

1213 ELKO DRIVE

(Street)

SUNNYVALE CA 94089

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GSI TECHNOLOGY INC [ GSIT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, Memory Design

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		M		40,000	A	$5.58	55,166	D
Common Stock	03/13/2026		S		40,000	D	$8.561(1)	15,166	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$5.58	03/13/2026		M			40,000	06/02/2025	08/02/2031	Common Stock	40,000	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.50 to $8.67, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

	/s/ Chuang Patrick T, by Douglas Schirle, Attorney-in-Fact	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did GSIT executive Patrick T. Chuang report on this Form 4?

Patrick T. Chuang reported exercising stock options and selling the resulting GSI Technology shares. He converted 40,000 options into common stock, then sold 40,000 common shares in open-market transactions on the same date, leaving a smaller direct share holding afterwards.

How many GSI Technology (GSIT) shares did Patrick T. Chuang sell and at what price?

Patrick T. Chuang sold 40,000 GSI Technology common shares. The weighted average sale price was $8.561 per share, with individual trades executed in a price range from $8.50 to $8.67, according to the Form 4 footnote disclosure.

What stock options did Patrick T. Chuang exercise in this GSIT Form 4 filing?

He exercised stock options covering 40,000 shares of GSI Technology common stock. The options carried an exercise price of $5.58 per share, converting the derivative position into directly held common shares before those shares were sold in open-market trades.

How many GSI Technology (GSIT) shares does Patrick T. Chuang own after these transactions?

After exercising options and selling 40,000 shares, Patrick T. Chuang directly owns 15,166 GSI Technology common shares. This post-transaction holding figure is reported in the Form 4 as the total number of directly held shares following the final sale.

Was the GSIT insider sale by Patrick T. Chuang an open-market transaction?

Yes. The Form 4 identifies the 40,000-share disposition as an open-market sale of GSI Technology common stock. The filing notes a weighted average sale price and specifies that shares were sold across multiple trades within the stated price range.

Did Patrick T. Chuang retain any stock options in GSI Technology (GSIT) after this Form 4?

The filing shows one derivative transaction exercising 40,000 options and no remaining derivative positions in the derivative summary. This indicates the reported option grant was fully exercised, leaving only his remaining direct common stock holdings disclosed after the sale.