GSI Technology (GSIT) grants VP Sales Didier Lasserre 20,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GSI Technology’s Vice President of Sales, Didier Lasserre, received a stock option grant reported as a derivative security. The grant covers 20,000 stock options with an exercise price of $7.23 per share, all held directly.
These options vest and become 100% exercisable on December 1, 2026, subject to Lasserre’s continued service to the company, and are scheduled to expire on February 2, 2036. This filing reflects an equity-based compensation award rather than the purchase or sale of common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lasserre Didier
Role
VP, Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 20,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 20,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GSIT report for VP Sales Didier Lasserre?
GSI Technology (GSIT) reported a grant of 20,000 stock options to VP Sales Didier Lasserre. The options carry a $7.23 exercise price per share and are held directly as equity-based compensation, not an immediate stock purchase or sale.
When do Didier Lasserre’s GSIT stock options vest and become exercisable?
The 20,000 GSI Technology (GSIT) stock options for Didier Lasserre vest and become 100% exercisable on December 1, 2026. Vesting is conditioned on his continued service to the company through that date, aligning the award with ongoing employment.
What is the exercise price and term of the GSIT stock options granted?
The stock options granted to Didier Lasserre by GSI Technology (GSIT) have a $7.23 exercise price per share. They are scheduled to expire on February 2, 2036, providing a long-dated window to exercise once vesting conditions are satisfied.
How many GSIT derivative securities does Didier Lasserre hold after this transaction?
Following this reported grant, Didier Lasserre beneficially owns 20,000 GSI Technology (GSIT) stock options. These options are reported as held directly, representing his total derivative securities position after the transaction disclosed in this Form 4.
Is the GSIT Form 4 transaction a purchase or a grant of stock options?
The GSI Technology (GSIT) Form 4 shows an “A” transaction code for stock options, indicating an award or grant. The 20,000 options were granted at no cost, with value realized only if exercised above the $7.23 exercise price after vesting.
What role does Didier Lasserre hold at GSI Technology (GSIT)?
Didier Lasserre is reported as an officer of GSI Technology (GSIT), serving as Vice President, Sales. The disclosed 20,000 stock option grant reflects part of his equity-based compensation in connection with this executive role at the company.