GSI Technology VP receives new stock option grant. On February 2, 2026, VP of U.S. Operations Ping Tak Wu was awarded a stock option for 15,000 shares of GSI Technology common stock at an exercise price of $7.23 per share. The option was granted at no cost and is held directly.
Subject to continued service with the company, the option vests and becomes fully exercisable on December 1, 2026, and carries an expiration date of February 2, 2036, giving the executive a long-term incentive tied to the company’s share price performance.
GSI Technology reported a new stock option grant to Senior VP of Memory Design, Patrick T. Chuang. On February 2, 2026, he received an option to buy 20,000 shares of common stock at an exercise price of $7.23 per share.
Subject to his continued service at the company, the option becomes fully exercisable on December 1, 2026 and expires on February 2, 2036. After this grant, he beneficially holds 20,000 derivative securities directly through this option award.
GSI Technology’s Chief Financial Officer Douglas Schirle reported a grant of stock options. On February 2, 2026, he received 20,000 stock options with an exercise price of $7.23 per share, giving him the right to buy GSI Technology common stock at that price.
The options were granted at no cost and become 100% exercisable on December 1, 2026, as long as he continues serving the company. These options expire on February 2, 2036, and following this grant he beneficially owns 20,000 derivative securities directly.
GSI Technology’s President, CEO and Chairman Lee-Lean Shu reported receiving a grant of 150,000 stock options on February 2, 2026. The options have an exercise price of $7.23 per share and relate to the company’s common stock.
Subject to Shu’s continued service to GSI Technology, the option grant vests and becomes 100% exercisable on December 1, 2026 and expires on February 2, 2036. Following this grant, Shu beneficially owns 150,000 derivative securities directly.
GSI Technology, Inc. filed a Form 8-K to report that it issued a press release announcing financial results for its third quarter of fiscal year 2026. The press release is attached as Exhibit 99.1, and this information is being furnished rather than filed for Exchange Act purposes.
GSI Technology (GSIT) reported stronger results for the quarter ended September 30, 2025. Net revenues rose to $6.4 million from $4.6 million a year ago as unit shipments and average selling prices both increased. Gross profit doubled to $3.5 million, lifting gross margin to 54.8% from 38.6% on a more favorable product and customer mix.
The company narrowed its quarterly net loss to $3.2 million (basic and diluted EPS $(0.11)) from $5.5 million. Research and development spending decreased year over year, aided by $279,000 in government grant offsets this quarter, while selling, general and administrative expenses rose modestly.
Liquidity improved: cash and cash equivalents reached $25.3 million, supported by an at-the-market program that raised $14.3 million net in the first half. After quarter-end, GSI completed a registered direct offering for $50 million in gross proceeds through common shares and pre-funded warrants, further strengthening the balance sheet. Revenue remained concentrated, with notable contributions from distribution channels and specific end users, and sales were predominantly in the United States.
GSI Technology (GSIT) insider activity: Senior VP, Memory Design Patrick T. Chuang reported option exercises and share sales on 11/06/2025.
He exercised 20,000 stock options at $2.27 and another 20,000 at $1.92, then sold 20,000 shares at a weighted average price of $8.6638 (range $8.50–$8.92) and sold another 20,000 shares at the same weighted average price. Following these transactions, he directly owned 15,166 common shares.
GSI Technology (GSIT) officer Avidan Akerib reported same‑day option exercises and open‑market sales. On Nov 4, 2025, he exercised 135,286 options at $3.40 per share and sold 135,286 shares at a weighted average price of $9.0462 (range $8.79–$9.295). On Nov 5, 2025, he exercised 54,732 options at $3.40 and sold 54,732 shares at a weighted average of $8.5418 (range $8.50–$8.80).
Following these transactions, directly held common stock was 23,307 shares. The reporting person’s title is VP, Associative Computing.
GSI Technology (GSIT) filed a Form 4 for an officer transaction. On 11/04/2025, the Senior VP, Memory Design exercised stock options for 40,000 shares at $4.99 (Code M), then sold 40,000 common shares at a weighted average price of $9.04, with individual trades ranging from $9.00 to $9.12. Following these transactions, the reporting person held 15,166 shares directly.
GSI Technology (GSIT) reported an insider equity award on a Form 4. A company director received a stock option for 5,412 shares of common stock at an exercise price of $9.7 per share, dated 11/03/2025, with the award recorded as acquired.
The option vests 100% on August 15, 2026, subject to continued service. It also provides for 100% vesting of the unvested portion immediately prior to, but contingent upon, a Change in Control occurring before August 15, 2026. The option expires on 11/03/2035. Following the transaction, the director beneficially owned 5,412 derivative securities directly.