Netlist (NLST) broker-led 25,000-share resale; insider sold 20,898 shares

Rhea-AI Filing Summary

Netlist Inc. submitted a Form 144 disclosing proposed and recent dispositions of Common Stock. The filing lists a proposed sale of 25,000 shares through Needham and Company LLC with an associated figure of $87,250.00 and an execution date of 05/11/2026. The filing also shows a completed sale by Gail Sasaki of 20,898 shares on 03/16/2026 for $31,374.17. Several vested Restricted Stock Units are listed with vesting dates and share counts as background to the holdings.

Insights

Securities Compliance Analyst

Form 144 reports insider dispositions and a broker-led proposed resale.

The filing names Needham and Company LLC as the broker for a proposed sale of 25,000 common shares with an associated $87,250.00 figure and a date of 05/11/2026 This indicates a covered notice of proposed sale under the applicable resale rules.

The excerpt also records a completed sale by Gail Sasaki of 20,898 shares on 03/16/2026 for $31,374.17. Timing and cash-flow counterparties beyond the broker are not specified in the excerpt; subsequent filings would confirm settlement and any Rule 144 reliance.

Key Figures

Proposed resale: 25,000 shares Associated dollar figure: $87,250.00 Completed sale (Gail Sasaki): 20,898 shares +4 more

7 metrics

Proposed resale 25,000 shares proposed sale through Needham and Company LLC dated 05/11/2026

Associated dollar figure $87,250.00 figure listed alongside the 25,000-share proposed resale

Completed sale (Gail Sasaki) 20,898 shares sold on 03/16/2026

Proceeds reported (Gail Sasaki) $31,374.17 proceeds from 03/16/2026 sale

Vested RSU example 10,608 shares Vested Restricted Stock Units on 03/21/2023

Vested RSU example 9,375 shares Vested Restricted Stock Units on 03/06/2024

Vested RSU example 4,342 shares Vested Restricted Stock Units on 03/18/2024

Key Terms

Form 144, Vested Restricted Stock Units, OTCQB, Needham and Company LLC

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Vested Restricted Stock Units financial

"Vested Restricted Stock Units | Netlist Inc. | 03/21/2023"

OTCQB market

"316515344 | 05/11/2026 | OTCQB"

OTCQB is a tier of the over‑the‑counter (OTC) market where smaller or developing companies list their shares for trading without being on a major stock exchange. Think of it like a well‑kept side street market: companies must meet basic reporting and transparency checks so investors get more information than the lowest OTC tier, but trading is usually less liquid and riskier than on big exchanges. Investors care because OTCQB listings can offer early access to growth stories but come with higher price swings and greater chance of limited resale options.

Needham and Company LLC other

"Common | Needham and Company LLC 250 Park Avenue"

05/11/2026 - 02:16 PM

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

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	25000	87250.00	316515344	05/11/2026	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	03/21/2023	Vested Restricted Stock Units	Netlist Inc.			10608	03/21/2023	Equity Compensation
Common	01/16/2024	Vested Restricted Stock Units	Netlist Inc.			675	01/16/2024	Equity Compensation
Common	03/06/2024	Vested Restricted Stock Units	Netlist Inc.			9375	03/06/2024	Equity Compensation
Common	03/18/2024	Vested Restricted Stock Units	Netlist Inc.			4342	03/18/2024	Equity Compensation

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
GAIL SASAKI 111 ACADEMY SUITE 100 IRVINE CA 92617	COMMON	03/16/2026	20898	31374.17

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 did Netlist Inc.'s Form 144 disclose about share sales?

The Form 144 discloses a proposed sale of 25,000 common shares through Needham and Company LLC and a completed sale of 20,898 shares by Gail Sasaki. The proposed sale is associated with $87,250.00 and dated 05/11/2026; the completed sale occurred on 03/16/2026 for $31,374.17.

Who is the broker named for the proposed resale in the NLST filing?

Needham and Company LLC is named as the broker for a proposed sale of 25,000 Common shares. The excerpt lists an execution date of 05/11/2026 and an associated figure of $87,250.00 alongside the broker name.

What insider sale by Gail Sasaki is shown in the filing?

Gail Sasaki sold 20,898 common shares on 03/16/2026 for $31,374.17. This sale is listed under "Securities Sold During The Past 3 Months" in the excerpt and includes the sale date and dollar amount.

Does the filing show vested equity awards for NLST insiders?

The excerpt lists several vested Restricted Stock Units with dates and share counts (e.g., 10,608 vested on 03/21/2023). These RSU entries are shown with vesting dates and counts but are background items in the filing.

Does the Form 144 state who receives the proceeds from the proposed sale?

The excerpt does not specify who will receive the proceeds. The filing lists the broker, share count, a dollar figure, and a date; it does not describe the recipient of proceeds within the provided text.