GSI Technology (GSIT) awards 40,000 options to VP of Associative Computing
Rhea-AI Filing Summary
GSI Technology Inc reported that Avidan Akerib, VP, Associative Computing, received a grant of stock options for 40,000 shares of common stock. The options have an exercise price of $6.76 per share, vest and become 100% exercisable on May 23, 2030 subject to continued service, and expire on August 13, 2036. Following this grant, Akerib holds 40,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Akerib Avidan
Role
VP, Associative Computing
| 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 May 23, 2030.
Key Figures
Options granted: 40,000 stock options
Exercise price: $6.76 per share
Vesting date: May 23, 2030
+2 more
5 metrics
Options granted
40,000 stock options
Stock Option (right to buy) granted to VP, Associative Computing
Exercise price
$6.76 per share
Conversion or exercise price of the stock options
Vesting date
May 23, 2030
Date options become 100% exercisable, subject to continued service
Expiration date
August 13, 2036
Expiration of the granted stock options
Options held after transaction
40,000 stock options
Total derivative securities owned following the grant
Key Terms
Stock Option (right to buy), exercise price, vests and becomes 100% exercisable, expiration date
4 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.
vests and becomes 100% exercisable financial
"the option vests and becomes 100% exercisable on May 23, 2030"
expiration date financial
"expiration_date: 2036-08-13"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did GSI Technology (GSIT) disclose about Avidan Akerib in this Form 4?
GSI Technology reported that VP, Associative Computing Avidan Akerib received a grant of 40,000 stock options. These options relate to the company’s common stock and are held as direct ownership following the transaction.
How many stock options were granted to the GSIT executive in this filing?
The filing shows a grant of 40,000 stock options to the executive. Each option is a right to buy one share of GSI Technology common stock under the terms described in the document.
What is the exercise price of the options granted in the GSIT Form 4?
The options were granted with an exercise price of $6.76 per share. This is the price at which the holder may buy GSI Technology common stock once the options become exercisable and subject to plan terms.
When do Avidan Akerib’s GSIT stock options vest and become exercisable?
According to the footnote, the options vest and become 100% exercisable on May 23, 2030. Vesting is subject to the reporting person’s continued service to GSI Technology through that date.
What is the expiration date of the GSIT stock options granted in this Form 4?
The granted stock options expire on August 13, 2036. After this expiration date, any unexercised options will no longer be exercisable for GSI Technology common stock under this grant.
How many GSIT stock options does Avidan Akerib hold after this transaction?
Following the reported grant, Avidan Akerib holds 40,000 stock options directly. This total reflects the post-transaction holdings reported for the derivative securities in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.