GSI Technology (GSIT) awards 40,000 stock options to Senior VP Patrick Chuang
Rhea-AI Filing Summary
GSI Technology Inc. reported that Senior VP, Memory Design Patrick T. Chuang received a grant of stock options on August 13, 2026. The award covers 40,000 Stock Options to purchase Common Stock at an exercise price of $6.76 per share, expiring on August 13, 2036. Subject to his continued service, the option vests and becomes 100% exercisable on June 2, 2030, after which the options may be exercised. Following this grant, Chuang holds 40,000 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chuang Patrick T.
Role
Senior VP, Memory Design
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F1 | 40,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 40,000 shares (Direct)
Footnotes (1)
- F1. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on June 2, 2030.
Key Figures
Options Granted: 40,000 shares
Exercise Price: $6.76 per share
Expiration Date: August 13, 2036
+2 more
5 metrics
Options Granted
40,000 shares
Stock Option (right to buy) grant on August 13, 2026
Exercise Price
$6.76 per share
Conversion or exercise price of the stock options
Expiration Date
August 13, 2036
Expiration date of the granted stock options
Vesting Date
June 2, 2030
Options vest and become 100% exercisable on this date
Holdings After Transaction
40,000 derivative securities
Total stock options directly held by Chuang after grant
Key Terms
Stock Option (right to buy), exercise price, vesting
3 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 6.7600"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"the option vests and becomes 100% exercisable on June 2, 2030"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did GSIT executive Patrick T. Chuang report in this Form 4?
Patrick T. Chuang reported a grant of 40,000 stock options for GSI Technology Inc. common stock, with an exercise price of $6.76 per share, expiring on August 13, 2036.
When do Patrick T. Chuang’s new GSIT stock options vest?
The stock options vest and become 100% exercisable on June 2, 2030, provided Chuang continues his service with GSI Technology Inc. until that date, according to the reported vesting condition.
What is the exercise price of the GSIT stock options granted to Patrick T. Chuang?
The stock options granted to Patrick T. Chuang have an exercise price of $6.76 per share, allowing him to purchase GSI Technology Inc. common stock at that price once vested.
How many GSIT derivative securities does Patrick T. Chuang hold after this transaction?
After this grant, Patrick T. Chuang directly holds 40,000 derivative securities in the form of stock options linked to GSI Technology Inc. common stock, as reported in the Form 4.
What type of transaction was reported for GSIT in this Form 4?
The Form 4 reports a grant/award acquisition of stock options, coded as transaction type “A”, rather than a market purchase or sale of GSI Technology Inc. common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.