GSI Technology CEO spouse sells 10,313 GSIT shares
GSI Technology director and CEO Shu Lee-Lean reported an exercise-and-sell transaction in shares held indirectly through his spouse.
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Form Type
4
Rhea-AI Filing Summary
GSI Technology director and CEO Shu Lee-Lean reported an exercise-and-sell transaction in shares held indirectly through his spouse. His spouse exercised a stock option for 10,313 shares of common stock at an exercise price of $7.26 per share and sold the same 10,313 shares in the open market at a weighted average price of $12.5063 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, 530,939 shares of common stock are reported as indirectly owned by the spouse, while the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
Exercise and Sale: 10,313 shares ($54K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Shu Lee-Lean
Role
Pres., CEO and Chairman
Sold
10,313 shs ($129K)
Approx. gross sale proceeds
$129K
Approx. exercise cost
$75K
Approx. pre-tax spread
$54K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 10,313 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,313 | $7.26 | $75K |
| Sale | Common Stock | 10,313 | $12.5063 | $129K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Indirect, By Spouse);
Common Stock — 530,939 shares (Indirect, By Spouse)
Footnotes (3)
- F1. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person's spouse dated November 4, 2025.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.50 to $12.54, 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 (3) to this Form 4.
Key Figures
Shares sold: 10,313 shares
Sale price: $12.5063 per share
Exercise price: $7.26 per share
+4 more
7 metrics
Shares sold
10,313 shares
Open-market sale of common stock
Sale price
$12.5063 per share
Weighted average sale price for 10,313 shares
Exercise price
$7.26 per share
Stock option exercise price for 10,313 shares
Shares exercised
10,313 shares
Common stock acquired via option exercise
Indirect holdings after sale
530,939 shares
Common stock indirectly owned by spouse after transactions
Option shares remaining
0 shares
Stock option position after full exercise
Option expiration date
July 31, 2027
Original expiration date of exercised option grant
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (right to buy), derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person's spouse..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
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.
Stock Option (right to buy) financial
"Stock Option (right to buy) ... Exercise or conversion of derivative security"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GSIT's Shu Lee-Lean report on this Form 4?
Shu Lee-Lean reported an exercise-and-sell transaction involving 10,313 GSIT common shares held indirectly through his spouse. A stock option was exercised at $7.26 per share, and the same 10,313 shares were then sold in the open market at a weighted average price of $12.5063 per share.
At what prices did the GSIT insider transactions occur on this Form 4?
The stock option was exercised at $7.26 per share, and the resulting 10,313 GSIT common shares were sold at a weighted average price of $12.5063 per share. The sale occurred through multiple trades within a narrow intraday range between $12.50 and $12.54.
Were the GSIT insider sales by Shu Lee-Lean or his spouse pre-planned?
The reported GSIT share sales were made under a Rule 10b5-1 plan adopted by the reporting person’s spouse. Such trading plans are established in advance and allow automatic, pre-scheduled sales, which can make the timing of individual transactions less informative about near-term views on the stock.
What happened to the stock option reported in this GSIT Form 4 filing?
A stock option for 10,313 GSIT shares was fully exercised at a conversion price of $7.26 per share. After the exercise, the derivative position shows zero remaining shares, indicating that the entire option grant tied to this transaction has been converted into common stock and sold.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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