This amended Schedule 13G reports that Lee-Lean Shu beneficially owns 3,614,615 shares of GSI Technology common stock, representing 12% of the class. The total ownership combines shares held directly and options exercisable shortly.
Breakdowns in the filing show 1,982,417 shares owned directly by Mr. Shu and options to purchase 1,000,000 shares exercisable within 60 days. The filing lists sole voting/dispositive power for 2,982,417 shares and shared voting/dispositive power for 632,198. It also discloses family holdings: 13,600 shares held by his children, 530,939 shares held by his spouse, and 87,659 option shares held by his spouse exercisable within 60 days; Mr. Shu disclaims beneficial ownership except to the extent of his pecuniary interest.
Bradley Jack A., a director of GSI Technology, reported multiple transactions in Form 4. The filing shows a prior transfer on November 2, 2021 of 5,000 shares to The Bradley-Richards Family Trust for no consideration; the reporting person and spouse are co-trustees and beneficiaries and remain beneficial owners of trust-held shares.
The current report discloses sales of 1,100 shares on 08/06/2025 at $3.50 per share and 6,900 shares on 08/07/2025 at $3.30 per share. Table entries indicate an 8,000 share indirect holding associated with the family trust at one point and show that following the 08/07/2025 sale the trust-held indirect ownership is 0. The form is signed by an attorney-in-fact, Douglas Schirle, dated 08/08/2025.
Bradley Jack A., identified as a director of GSI Technology, Inc. (GSIT), filed an amended Form 4 correcting prior reporting of a purchase. The original entry reported a purchase of 3,000 shares on 02/18/2016 as directly owned by the reporting person. This amendment clarifies that the 3,000 shares were purchased by The Bradley-Richards Family Trust, making the ownership indirect rather than direct. The amendment is signed by an attorney-in-fact on 08/08/2025.
The filing is a corrective disclosure that changes the reported form of beneficial ownership from direct to indirect for the specified shares; it does not report any additional purchases, sales, derivative transactions, or changes in the total number of shares involved in that reported transaction within this document.
GSI Technology reported quarterly net revenues of $6.283 million, a 34.5% increase from $4.671 million a year earlier, driven by a higher average selling price despite a 2.0% decline in units shipped. Gross profit was $3.651 million and gross margin rose to 58.1% from 46.3% a year ago. The company recorded a net loss of $2.217 million for the quarter, or $(0.08) per share, versus net income of $1.078 million in the prior-year period, reflecting higher operating expenses and the absence of a prior-period gain on a sale-and-leaseback.
Liquidity strengthened: cash and cash equivalents rose to $22.7 million from $13.4 million, helped by net proceeds of $10.8 million from an At-the-Market offering of 3,380,773 shares. The company has no debt and holds $11.9 million in money market funds. R&D expense declined to $3.1 million (49.3% of revenue), partly offset by $543,000 of government contract funding recognized as a reduction of R&D. Trade-concentration remains notable: Cadence represented ~24% of net revenues this quarter while Nokia and KYEC represented ~9% and ~4%, respectively.
GSI Technology (GSIT) Form 4 filing, 08/07/2025: VP Associative Computing Avidan Akerib exercised 10,000 stock options at $3.40 and immediately sold the same 10,000 common shares at a weighted-average $3.8947 on 08/05/2025 (codes M and S). After the transactions, Akerib directly owns 23,307 GSIT shares, down from 33,307.
The exercised option, originally granted 11/23/2019 and expiring 02/01/2026, was fully disposed following conversion. Footnote 1 notes his total holdings include 12,482 shares accumulated through the employee stock-purchase plan between Nov 2022 and May 2025.
No additional derivative positions remain from this grant; total direct option holdings stand at 190,000 after the exercise. No Rule 10b5-1 plan was indicated. The filing represents a net sale worth roughly $38.9k, offering insight into insider sentiment and liquidity needs.