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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 40,000 shares ($119K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
CHUANG PATRICK T
Role
Senior VP, Memory Design
Sold
40,000 shs ($342K)
Approx. gross sale proceeds
$342K
Approx. exercise cost
$223K
Approx. pre-tax spread
$119K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 40,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 40,000 | $5.58 | $223K |
| Sale | Common Stock | 40,000 | $8.561 | $342K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 15,166 shares (Direct)
Footnotes (1)
- F1. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.
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.