GSI Technology (GSIT) awards 40,000 stock options to board director Lasserre
Rhea-AI Filing Summary
GSI Technology Inc reported that director Didier H. Lasserre received a grant of 40,000 stock options to buy common stock at an exercise price of $6.76 per share. Subject to continued service, the options vest and become 100% exercisable on May 3, 2030 and expire on August 13, 2036. Following this grant, Lasserre holds 40,000 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lasserre Didier H.
Role
Director
| 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 3, 2030.
Key Figures
Options granted: 40,000 stock options
Exercise price: $6.76 per share
Vesting date: May 3, 2030
+2 more
5 metrics
Options granted
40,000 stock options
Grant of stock options to director Didier H. Lasserre on 2026-08-13
Exercise price
$6.76 per share
Conversion or exercise price of the stock option grant
Vesting date
May 3, 2030
Options vest and become 100% exercisable on this date, subject to continued service
Expiration date
August 13, 2036
Expiration date of the granted stock options
Holdings after grant
40,000 derivative securities
Total derivative securities held directly by the director following the grant
Key Terms
Stock Option (right to buy), exercise price, vesting, expiration date
4 terms
Stock Option (right to buy) financial
"security_title is listed as Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price is reported as an exercise price of $6.76"
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.
vesting financial
"the option vests and becomes 100% exercisable on May 3, 2030"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"the option has an expiration date of August 13, 2036"
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 in this Form 4?
GSI Technology reported a grant of 40,000 stock options to director Didier H. Lasserre at an exercise price of $6.76 per share, with future vesting and a defined expiration date.
Who received the stock option grant reported by GSIT?
Director Didier H. Lasserre received the grant of 40,000 stock options from GSI Technology. The filing lists him as a director and not as an officer or 10% owner, with direct ownership of the reported derivative securities.
How many options were granted to the GSI Technology (GSIT) director and at what price?
The director was granted 40,000 stock options with an exercise price of $6.76 per share. Each option represents a right to buy one share of GSI Technology common stock at that price once vested and exercisable.
When do the GSIT stock options granted to Didier H. Lasserre vest and expire?
Subject to continued service, the options vest and become 100% exercisable on May 3, 2030 and have an expiration date of August 13, 2036, giving a multi-year window to exercise after vesting.
How many derivative securities does the GSIT director hold after this transaction?
After the transaction, director Didier H. Lasserre holds 40,000 derivative securities, all from this stock option grant. The ownership is reported as direct, with no additional derivative holdings disclosed in this filing.
Was the GSIT option grant to the director made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and there is no footnote stating the grant was made pursuant to a pre-arranged trading or 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
