Insider Amendment: Shu Discloses 11.7% Stake in GSI Technology

Rhea-AI Filing Summary

Lee-Lean Shu filed an amendment to Schedule 13G reporting beneficial ownership of 3,504,302 shares of GSI Technology, Inc. common stock, representing 11.7% of the class as of 09/30/2025. The filing discloses 1,982,417 shares owned directly, 900,000 options exercisable within 60 days, and additional family-held shares and options that together account for the aggregate total. Voting and dispositive power is split between 2,882,417 shares held solely and 621,885 shares held with shared power. The statement is certified by Mr. Shu on 10/10/2025.

Positive

• Clear ownership disclosure of 3,504,302 shares ( 11.7% ) enhances transparency
• Options exercisable within 60 days are explicitly reported, reducing uncertainty about near-term dilution

Negative

• Concentrated ownership (> 10%) may reduce free float and increase voting influence
• Shared holdings with family members introduce potential indirect control not fully attributable to the filer

Insights

Equity Ownership Analyst

Major insider holds a double-digit stake via shares and near-term options.

The filing shows an aggregate 11.7% beneficial ownership position comprised of direct shares and options exercisable within 60 days, which increases effective control when exercised. The breakdown—2,882,417 sole and 621,885 shared voting shares—clarifies how voting influence is allocated.

Primary dependencies include option exercise timing and any transfers by family members; monitor equity filings or option exercises over the next 60 days for changes in voting power.

Corporate Governance Specialist

Disclosure aligns with passive investor reporting rules but indicates concentrated insider ownership.

The Schedule 13G/A format and the comment that family-held shares are disclaimed except for pecuniary interest are consistent with standard insider-family aggregation practices. The presence of exercisable options materially affects potential dilution and control calculations.

Governance watchers should note any subsequent amendments or Schedule 13D filings if intent or control changes; short-term horizon: 60 days following the report date for option exercises.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 18)

GSI TECHNOLOGY, INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

36241U106

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 36241U106

1

Names of Reporting Persons

Lee-Lean Shu

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,882,417.00
6	Shared Voting Power 621,885.00
7	Sole Dispositive Power 2,882,417.00
8	Shared Dispositive Power 621,885.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,504,302.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.7 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Includes (i) 1,982,417 shares owned directly and (ii) options to purchase 900,000 shares of Common Stock that are exercisable within 60 days of September 30, 2025. Includes (i) 13,600 shares held by Mr. Shu's children, (ii) 530,939 shares held by Mr. Shu's spouse, and (iii) 77,346 shares of Common Stock issuable upon exercise of options held by his spouse that are exercisable within 60 days of September 30, 2025. Mr. Shu disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GSI TECHNOLOGY, INC
(b)	Address of issuer's principal executive offices: 1213 Elko Drive, Sunnyvale, CA 94089
Item 2.
(a)	Name of person filing: Lee-Lean Shu
(b)	Address or principal business office or, if none, residence: 1213 Elko Drive, Sunnyvale, CA 94089
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 36241U106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,504,302(1)(2)
(b)	Percent of class: 11.7%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,882,417(1)
	(ii) Shared power to vote or to direct the vote: 621,885(2)
	(iii) Sole power to dispose or to direct the disposition of: 2,882,417(1)
	(iv) Shared power to dispose or to direct the disposition of: 621,885(2)
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Lee-Lean Shu

Signature:	/s/ Lee-Lean Shu
Name/Title:	Lee-Lean Shu
Date:	10/10/2025

FAQ

What stake does Lee-Lean Shu report in GSI Technology (GSIT)?

The filing reports beneficial ownership of 3,504,302 shares, equal to 11.7% of common stock as of 09/30/2025.

How much of the holding is directly owned versus options for GSIT?

The disclosure includes 1,982,417 shares owned directly and 900,000 options exercisable within 60 days that are counted in the aggregate total.

How is voting power split in the reported GSIT position?

The filer reports 2,882,417 shares with sole voting power and 621,885 shares with shared voting power.

Does the filing indicate ownership by family members for GSIT?

Yes; it discloses 13,600 shares held by the filer’s children and 530,939 shares plus 77,346 exercisable options held by the filer’s spouse, with the filer disclaiming beneficial ownership except for pecuniary interest.

When was the Schedule 13G/A certified?

The signature block shows certification by Lee-Lean Shu dated 10/10/2025.