Netlist (NLST) holder files Rule 144 to sell 250,000 shares on OTCQB

Rhea-AI Filing Summary

Netlist (NLST) stockholder filed a notice of proposed sale under Rule 144 for 250,000 common shares, to be sold through Needham & Company LLC on the OTCQB market. The filing lists an aggregate market value of $250,000.00 for these shares and states that 307,249,351 shares of the issuer’s stock are outstanding.

The seller’s shares were acquired over time from the issuer, including vested restricted stock units dated 09/07/2020, 03/06/2021, 03/08/2021, and 09/07/2021, as well as founder shares acquired on 08/09/2007. The consideration for the RSU awards is described as equity compensation. By signing, the seller represents they are not aware of undisclosed material adverse information about Netlist.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Needham and Company LLC 250 Park Avenue 10th Floor New York NY 10177	250000	250000.00	307249351	01/05/2026	OTCQB

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/07/2020	Vested Restricted Stock Units	Issuer			53125	09/07/2020	Equity Compensation
Common	03/06/2021	Vested Restricted Stock Units	Issuer			22169	03/06/2021	Equity Compensation
Common	03/08/2021	Vested Restricted Stock Units	Issuer			54871	03/08/2021	Equity Compensation
Common	09/07/2021	Vested Restricted Stock Units	Issuer			69835	09/07/2021	Equity Compensation
Common	08/09/2007	Founder Shares	Issuer			50000	08/09/2007	Founder Shares

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Netlist (NLST) Rule 144 filing disclose about planned share sales?

The filing discloses that a Netlist stockholder plans to sell 250,000 common shares under Rule 144, with an aggregate market value of $250,000.00, through Needham & Company LLC on the OTCQB market.

How many Netlist (NLST) shares are outstanding according to this Rule 144 notice?

According to the notice, the number of Netlist shares outstanding is 307,249,351.

When were the Netlist (NLST) shares being sold under Rule 144 originally acquired?

The shares were acquired from the issuer through vested restricted stock units on 09/07/2020, 03/06/2021, 03/08/2021, and 09/07/2021, plus founder shares acquired on 08/09/2007.

What type of consideration was used for the Netlist (NLST) shares listed in the Rule 144 filing?

For the RSU awards, the filing identifies the nature of payment as Equity Compensation, and for the earlier grant it identifies Founder Shares from the issuer.

Which broker will handle the Netlist (NLST) Rule 144 share sale and where will the shares trade?

The filing lists Needham & Company LLC, located at 250 Park Avenue, 10th Floor, New York, NY 10177, as broker, and names OTCQB as the securities exchange.

What representation does the seller make in the Netlist (NLST) Rule 144 notice?

By signing the notice, the seller represents that they do not know any material adverse information about Netlist’s current or prospective operations that has not been publicly disclosed.