STOCK TITAN

GSI Technology Inc (GSIT) director exercises options into 60,517 shares

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GSI Technology Inc director Elizabeth Cholawsky exercised stock options to acquire 60,517 shares of common stock on July 15, 2026. The options were exercised at prices of $1.87, $1.91, and $3.69 per share, converting derivative stock options into directly held common stock with no reported sales.

Positive

  • None.

Negative

  • None.
Insider Cholawsky Elizabeth
Role Director
Type Security Shares Price Value
Exercise Stock Option (right to buy) 28,342 $0.00 --
Exercise Stock Option (right to buy) 31,675 $0.00 --
Exercise Stock Option (right to buy) 500 $0.00 --
Exercise Common Stock 28,342 $1.87 $53K
Exercise Common Stock 31,675 $1.91 $60K
Exercise Common Stock 500 $3.69 $2K
Holdings After Transaction: Stock Option (right to buy) — 0 shares (Direct); Common Stock — 29,692 shares (Direct)
Footnotes (1)
Options exercised 60,517 shares Total common shares acquired via option exercises on July 15, 2026
Shares at $3.69 exercise price 500 shares Stock option exercised at $3.6900 per share into common stock
Shares at $1.91 exercise price 31,675 shares Stock option exercised at $1.9100 per share into common stock
Shares at $1.87 exercise price 28,342 shares Stock option exercised at $1.8700 per share into common stock
Option grants exercised 3 grants Number of separate stock option awards exercised on July 15, 2026
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy) for derivative entries"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
non-derivative financial
"transaction_type: non-derivative for common stock acquired"
derivative financial
"transaction_type: derivative for stock option entries"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

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FAQ

What insider transaction did GSI Technology (GSIT) report for Elizabeth Cholawsky?

GSI Technology reported that director Elizabeth Cholawsky exercised stock options to acquire 60,517 shares of common stock on July 15, 2026. All transactions were coded as option exercises, reflecting conversions of derivative securities into directly held shares with no accompanying stock sales.

How many GSI Technology (GSIT) shares did Elizabeth Cholawsky acquire in this Form 4?

Elizabeth Cholawsky acquired 60,517 shares of GSI Technology common stock through option exercises. The filing shows three separate exercises, each converting previously granted stock options into common shares, increasing her directly held equity position without any reported open-market purchases or sales.

At what prices were Elizabeth Cholawsky’s GSI Technology (GSIT) options exercised?

Her GSI Technology stock options were exercised at $1.87, $1.91, and $3.69 per share. Each exercise converted a distinct option grant into common stock, as reflected by multiple transaction lines dated July 15, 2026 and coded as exercises of derivative securities.

Were any GSI Technology (GSIT) shares sold in Elizabeth Cholawsky’s Form 4 filing?

No. The Form 4 shows no sales of GSI Technology shares by Elizabeth Cholawsky. All reported transactions are coded as option exercises (code M), indicating derivative conversions into common stock, with the transaction summary listing zero sell transactions and zero shares sold.

What type of securities did Elizabeth Cholawsky convert into GSI Technology (GSIT) common stock?

She converted stock options (rights to buy) into GSI Technology common stock. The derivative entries describe stock options with specified exercise prices that were exercised on July 15, 2026, each tied to an equivalent number of underlying common shares acquired in corresponding non-derivative entries.
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Cholawsky Elizabeth

(Last)(First)(Middle)
C/O GSI TECHNOLOGY, INC.
1213 ELKO DRIVE

(Street)
SUNNYVALE CALIFORNIA 94089

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GSI TECHNOLOGY INC [ GSIT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/15/2026M28,342A$1.8729,692D
Common Stock07/15/2026M31,675A$1.9161,367D
Common Stock07/15/2026M500A$3.6961,867D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy)$1.8707/15/2026M28,34208/15/202310/31/2032Common Stock28,342$00D
Stock Option (right to buy)$1.9107/15/2026M31,67508/15/202410/30/2033Common Stock31,675$00D
Stock Option (right to buy)$3.6907/15/2026M50008/15/202510/28/2034Common Stock500$015,895D
Explanation of Responses:
/s/ Douglas Schirle, Attorney-in-Fact07/16/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)