GSI Technology CFO sells 40,000 shares after option exercise
GSI Technology Inc.'s CFO, Douglas Schirle, reported an option exercise paired with a stock sale.
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Form Type
4
Rhea-AI Filing Summary
GSI Technology Inc.'s CFO, Douglas Schirle, reported an option exercise paired with a stock sale. On May 14, 2026, he exercised stock options for 40,000 shares of common stock at an exercise price of $4.99 per share. The related stock option, covering 40,000 shares, had an expiration date of August 1, 2026 and now shows zero remaining.
That same day, he completed an open-market sale of 40,000 common shares at a weighted average price of $11.3232 per share, with individual trades ranging from $10.96 to $12.01. Following these transactions, Schirle directly holds 69,046 shares of GSI Technology common stock.
Insider Trade Summary
Exercise and Sale: 40,000 shares ($253K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Schirle Douglas
Role
CFO
Sold
40,000 shs ($453K)
Approx. gross sale proceeds
$453K
Approx. exercise cost
$200K
Approx. pre-tax spread
$253K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 40,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 40,000 | $4.99 | $200K |
| Sale | Common Stock | 40,000 | $11.3232 | $453K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 69,046 shares (Direct)
Footnotes (2)
- F1. Reflects ESPP acquisitions that have occurred since the date of the reporting person's last ownership report.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.96 to $12.01, 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 (2) to this Form 4.
Key Figures
Shares sold: 40,000 shares
Sale price (weighted average): $11.3232 per share
Sale price range: $10.96–$12.01 per share
+4 more
7 metrics
Shares sold
40,000 shares
Open-market sale of common stock on May 14, 2026
Sale price (weighted average)
$11.3232 per share
Common stock sale on May 14, 2026
Sale price range
$10.96–$12.01 per share
Individual trade prices within reported sale
Options exercised
40,000 shares
Stock option exercise into common stock on May 14, 2026
Option exercise price
$4.99 per share
Stock option (right to buy) for common stock
Shares held after
69,046 shares
Direct ownership following reported transactions
Option expiration date
August 1, 2026
Expiration for exercised stock option grant
Key Terms
open-market sale, Stock Option (right to buy), weighted average price, ESPP
4 terms
open-market sale financial
"transaction_action: "open-market sale" for 40,000 common shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)" for 40,000 shares"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
ESPP financial
"Reflects ESPP acquisitions that have occurred since the date of the reporting person's last ownership report."
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GSI Technology (GSIT) CFO Douglas Schirle report on this Form 4?
Douglas Schirle reported exercising stock options and selling shares. He exercised options for 40,000 GSI Technology common shares at $4.99, then sold 40,000 shares in the open market, and now directly holds 69,046 common shares after the reported transactions.
What stock options did the GSI Technology (GSIT) CFO exercise?
He exercised a stock option covering 40,000 shares of GSI Technology common stock. The option had a $4.99 per share exercise price, was exercisable since June 3, 2020, and carried an expiration date of August 1, 2026 before being fully exercised.
Did the GSI Technology (GSIT) CFO retain any options after this Form 4 exercise?
For the reported option grant covering 40,000 shares, the post-transaction balance is zero. The filing shows that this specific stock option, exercisable at $4.99 and expiring August 1, 2026, was fully exercised, leaving no remaining shares under that option.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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