Welcome to our dedicated page for Netlist SEC filings (Ticker: NLST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Netlist, Inc. reports material-event disclosures through SEC filings covering financial results, headquarters lease obligations, shareholder voting matters, governance actions, and amendments to its Restated Certificate of Incorporation. Recent Forms 8-K and 8-K/A include furnished earnings releases, material definitive agreement disclosures, annual-meeting results, and related corporate-governance updates.
The filings identify Netlist’s common stock, par value $0.001 per share, under the symbol NLST, with no Section 12(b) exchange listing. They also document the company’s status as a reporting issuer, exhibit filings for press releases and agreements, and formal disclosures tied to capital structure, stockholder approvals, and board or compensation matters.
SASAKI GAIL M reported acquisition or exercise transactions in this Form 4 filing.
NETLIST INC executive vice president and CFO Gail M. Sasaki received an award of 200,000 shares of common stock in the form of restricted stock units. These RSUs vest over four years, with one quarter of the shares vesting on each anniversary of June 9, 2026, and are delivered upon vesting. Following this grant, Sasaki directly holds 684,594 shares of common stock, a figure that includes shares subject to unvested RSUs.
Cho Jun reported acquisition or exercise transactions in this Form 4 filing.
NETLIST INC director Jun Cho received a grant of 100,000 restricted stock units tied to the company’s common stock. The RSUs vest over four years, with one-quarter vesting on each anniversary of June 9, 2026, and shares delivered upon vesting. Following this award, Cho holds 300,000 shares including unvested RSUs, reflecting routine equity-based compensation rather than an open-market purchase or sale.
NETLIST INC director Blake Welcher received an equity grant of 100,000 shares of common stock in the form of restricted stock units. The award carries a grant/award acquisition price of $0.00 per share and is compensation, not an open-market purchase.
The RSUs vest over four years, with one quarter of the shares vesting on each anniversary of June 9, 2026, and shares delivered upon vesting. Each RSU represents a contingent right to receive one share of common stock. After this grant, Welcher holds 200,000 shares directly, including shares subject to unvested RSUs.
NETLIST INC President, CEO and Chairman Chun K. Hong reported both a large equity award and a modest stock sale. He received a grant of 856,500 restricted stock units (RSUs), with one quarter of the RSUs vesting on each anniversary of June 9, 2026 over four years. Each RSU represents a contingent right to receive one share of common stock upon vesting, and his reported direct holdings include shares subject to unvested RSUs.
On June 8, 2026, he conducted an open-market sale of 40,000 shares of common stock at a weighted average price of $2.7188 per share, with individual trades between $2.51 and $2.81. After these transactions, he directly held 8,676,887 shares of common stock and indirectly held 3,511,177 shares through the Hong-Cha Property Trust.
Netlist, Inc. (NLST) submitted a Form 144 notice listing proposed resale of restricted-equity shares and reporting three recent share sales by an identified holder. The filing lists vested Restricted Stock Units dated 08/11/2022, 09/06/2022, and 09/07/2022 with quantities 12,318, 24,532, and 3,150 respectively. The filing also records three transactions by CHUN K HONG on 03/12/2026 (55,500 shares, $83,250.00), 03/13/2026 (194,500 shares, $291,750.00), and 03/16/2026 (93,995 shares, $141,077.10), and identifies Needham and Company, LLC with a figure of 40,000 under the securities-to-be-sold line.
NETLIST INC EVP and CFO Gail M. Sasaki reported an open-market sale of 8,876 shares of Common Stock at a weighted average price of $2.6264 per share. According to the footnotes, these shares were sold solely to cover tax withholding obligations tied to the vesting of restricted stock units through a "sell to cover" transaction, and the sale is described as non-discretionary.
The shares were sold in multiple trades at prices ranging from $2.5624 to $2.70 per share. After these transactions, Sasaki directly holds 484,594 shares, and this amount includes shares subject to unvested restricted stock units, indicating she retains a substantial equity position in the company.
Netlist Inc. reported proposed insider sales via a Form 144 notice, including 25,000 vested Restricted Stock Units listed for sale with an intended sale date of 05/15/2026. The filing also records recent dispositions by Gail Sasaki of 20,898 shares on 03/16/2026 and 25,000 shares on 05/11/2026.
NETLIST INC executive vice president and CFO Gail M. Sasaki reported an open-market sale of 25,000 shares of common stock at $3.49 per share. The transaction occurred on May 11, 2026 and was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 12, 2025.
Following this sale, Sasaki directly holds 493,470 shares of Netlist common stock, a figure that includes shares subject to unvested restricted stock units. The filing shows no option exercises or derivative transactions associated with this trade.
Netlist, Inc. reported a sharp turnaround for the quarter ended March 28, 2026, with net sales of $104.9 million versus $29.0 million a year earlier and net income of $8.6 million after a prior-period loss. Gross profit rose to $22.4 million and gross margin improved to 21% from 4%, driven mainly by stronger pricing and higher volumes for resold memory products, especially RDIMMs.
Operating cash flow was negative $21.8 million, largely due to a significant inventory build to $41.2 million and higher prepaid expenses. Cash, cash equivalents and restricted cash totaled $27.0 million, with working capital of $9.3 million and stockholders’ equity of $10.4 million turning positive from a deficit. Management believes existing liquidity, a $10.0 million SVB credit line and prior equity financings will cover at least the next 12 months.
Results remain highly exposed to customer and supplier concentration, with one supplier representing 89% of purchases and the PRC accounting for most net sales. The company is also deeply engaged in patent litigation and inter partes reviews with Samsung, Micron and others, including several large jury awards and ongoing appeals that could affect future cash flows.
Netlist, Inc. reported a sharp turnaround for the first quarter ended March 28, 2026. Net sales were $104.9 million, up 262% from $29.0 million a year earlier. Gross profit rose to $22.4 million, a 1,622% increase from $1.3 million.
The company posted net income of $8.6 million, or $0.03 per share, compared with a net loss of $9.5 million, or $(0.03) per share, in the first quarter of 2025. Management cited strong demand for its memory products tied to AI technologies such as DDR5 and HBM.
On the balance sheet as of March 28, 2026, total assets were $87.6 million versus $49.5 million at December 27, 2025. Total stockholders’ equity improved to $10.4 million from a deficit of $(5.2) million. The quarter included $1.0 million of stock‑based compensation expense.