Netlist insider files Form 144 to sell 10,000 shares

Netlist, Inc. reported proposed sales of 10,000 shares of Common stock by Cho Jun under a Vested Restricted Stock Units equity compensation arrangement.

Rhea-AI Filing Summary

Netlist, Inc. reported proposed sales of 10,000 shares of Common stock by Cho Jun under a Vested Restricted Stock Units equity compensation arrangement. The excerpt lists two recent sales of 10,000 shares on 03/25/2026 for $18,900 and 04/22/2026 for $19,800, and shows 316,515,344 shares outstanding as of 04/23/2026.

Insights

Corporate Governance Analyst

Routine insider sale filings reported; no material governance change.

The filing lists proposed and completed dispositions of Common stock tied to vested restricted stock units held by Cho Jun. The amounts shown are $18,900 and $19,800 for sales of 10,000 shares each on the dates provided.

These notices are administrative disclosures of transactions; the excerpt does not state any change to equity plans, company proceeds, or restrictive conditions. Subsequent filings would show whether further sales occur.

Key Figures

Proposed shares to be sold: 10,000 shares Sale on 03/25/2026: 10,000 shares Sale on 04/22/2026: 10,000 shares +1 more

4 metrics

Proposed shares to be sold 10,000 shares Securities To Be Sold; Vested Restricted Stock Units

Sale on 03/25/2026 10,000 shares Securities Sold During The Past 3 Months; proceeds listed as $18,900

Sale on 04/22/2026 10,000 shares Securities Sold During The Past 3 Months; proceeds listed as $19,800

Shares outstanding 316,515,344 shares Reported in Securities Information as of 04/23/2026

Key Terms

Vested Restricted Stock Units, Form 144, OTCQB

3 terms

Vested Restricted Stock Units financial

"Vested Restricted Stock Units | Netlist, Inc | 10000 | 08/12/2024"

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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.

OTCQB market

"316515344 | 04/23/2026 | 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Netlist (NLST) Form 144 disclose about insider sales?

It discloses a proposed sale of 10,000 shares by Cho Jun tied to vested RSUs. The excerpt lists completed sales of 10,000 shares on 03/25/2026 and 04/22/2026 with amounts $18,900 and $19,800.

Who is the selling party in the NLST Form 144 excerpt?

The selling party is listed as Cho Jun with an address in Irvine, CA. The filing attributes the proposed and recent sales to that individual and notes the shares originate from vested restricted stock units.

How many Netlist shares are shown outstanding in the excerpt (NLST)?

The excerpt shows 316,515,344 shares outstanding as of 04/23/2026. This figure appears in the securities information section and is presented with the specified date.

Are the sales in the excerpt part of an equity compensation plan?

Yes. The filing connects the securities to Vested Restricted Stock Units dated 08/12/2024, indicating the shares relate to equity compensation rather than open-market purchases.

Do the amounts $18,900 and $19,800 represent per-share prices?

These amounts are listed alongside the 10,000-share entries in the excerpt; the filing shows them as $18,900 and $19,800 associated with the respective sale dates but does not label them explicitly as per-share prices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/23/2026 - 11:21 AM EDT Learn about SEC filing dates

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	0001393033
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NETLIST INC
SEC File Number	001-33170
Address of Issuer	111 ACADEMY, SUITE 100 IRVINE CALIFORNIA 92617
Phone	949-435-0025
Name of Person for Whose Account the Securities are To Be Sold	Cho Jun
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	Director

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 101777	10000	21800.00	316515344	04/23/2026	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	08/12/2024	Vested Restricted Stock Units	Netlist, Inc			10000	08/12/2024	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
Cho Jun 111 Academy Suite 100 Irvine CA 92617	Common	03/25/2026	10000	18900.00
Cho Jun 111 Academy Suite 100 Irvine CA 92617	Common	04/22/2026	10000	19800.00

144: Remarks and Signature

Remarks
Date of Notice	04/23/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/12/2025
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	/s/Needham and Company LLC, on behalf of Jun Cho
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)