GSI Technology (GSIT) VP exercises options and sells 20K common shares
Rhea-AI Filing Summary
GSI Technology VP Bor-Tay Wu reported an option exercise and related share sale in GSI Technology common stock. Wu exercised stock options to acquire 20,000 shares at $3.68 per share, then executed an open-market sale of 20,000 shares at a weighted average price of $10.9329 per share in multiple trades between $10.90 and $10.99.
Following these transactions, Wu directly holds 912,500 shares of GSI Technology common stock. The exercised option covered 20,000 underlying shares, is now fully used, and had an expiration date in 2035 after becoming fully exercisable on December 1, 2025, subject to continued service.
Positive
- None.
Negative
- None.
Insights
Routine option exercise paired with a modest open-market sale.
Vice President Bor-Tay Wu exercised stock options for 20,000 shares at a strike price of $3.68, then sold the same number of GSI Technology shares at a weighted average of $10.9329. This is a classic exercise-and-sell pattern converting an option award into cash.
After the transactions, Wu still holds 912,500 shares of common stock, so the sale represents a small portion of his disclosed equity position. The derivative entry shows 20,000 option rights going to zero, indicating this specific option grant was fully exercised and no longer outstanding.
The footnote clarifies that the reported sale price is a weighted average from trades between $10.90 and $10.99. No reference is made to pre-arranged trading plans in the excerpt, so the filing mainly documents routine portfolio and compensation-related activity rather than a large directional change in ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 20,000 | $0.00 | -- |
| Exercise | Common Stock | 20,000 | $3.68 | $74K |
| Sale | Common Stock | 20,000 | $10.9329 | $219K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $10.99, 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 (1) to this Form 4. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on December 1, 2025.