Netlist (NLST) holder Gail Sasaki plans OTCQB sale of 25,000 shares

Rhea-AI Filing Summary

Netlist, Inc. security holder Gail M. Sasaki filed to sell 25,000 shares of common stock through Needham & Company LLC, with an aggregate market value of $112,250.00, identified by CUSIP 349583129, on 08/12/2026 on the OTCQB market. These shares relate to Vested Restricted Stock Units dated 03/16/2025 granted as Equity Compensation. The filing also lists prior sales over the past three months, including 25,000 shares on 05/11/2026 for $87,250.00, 8,876 shares on 05/15/2026 for $23,311.93, and 25,000 shares on 08/05/2026 for $99,750.00.

Key Figures

Proposed shares to be sold: 25,000 shares Aggregate market value of proposed sale: $112,250.00 CUSIP: 349583129 +5 more

8 metrics

Proposed shares to be sold 25,000 shares Common stock planned sale through Needham & Company LLC

Aggregate market value of proposed sale $112,250.00 25,000 Netlist common shares on OTCQB

CUSIP 349583129 Identifier for Netlist, Inc. common stock in proposed sale

Sale on 05/11/2026 25,000 shares for $87,250.00 Common stock sold by Gail M. Sasaki during past 3 months

Sale on 05/15/2026 8,876 shares for $23,311.93 Common stock sold by Gail M. Sasaki during past 3 months

Sale on 08/05/2026 25,000 shares for $99,750.00 Common stock sold by Gail M. Sasaki during past 3 months

RSU grant date 03/16/2025 Vested Restricted Stock Units designated as Equity Compensation

Proposed sale date 08/12/2026 Planned transaction date for OTCQB sale

Key Terms

Vested Restricted Stock Units, Equity Compensation, OTCQB, aggregate market value

4 terms

Vested Restricted Stock Units financial

"Common | 03/16/2025 | Vested Restricted Stock Units | Netlist, Inc"

Equity Compensation financial

"03/16/2025 | Equity Compensation"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

OTCQB market

"349583129 | 08/12/2026 | 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.

aggregate market value financial

"25000 | 112250.00 | 349583129 | 08/12/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What does Netlist (NLST) report in this Form 144 filing?

Netlist (NLST) reports that Gail M. Sasaki intends to sell 25,000 common shares through Needham & Company LLC, with an aggregate market value of $112,250.00, on 08/12/2026 on the OTCQB market.

How many Netlist (NLST) shares are proposed to be sold and at what value?

The filing lists a proposed sale of 25,000 common shares of Netlist (NLST) with an aggregate market value of $112,250.00. These shares are to be sold through Needham & Company LLC on the OTCQB market.

What is the source of the Netlist (NLST) shares in this planned sale?

The planned Netlist (NLST) sale relates to Vested Restricted Stock Units granted on 03/16/2025 to Gail M. Sasaki. The filing identifies the transaction type as Equity Compensation linked to Netlist, Inc. common stock.

Which broker is handling the proposed Netlist (NLST) share sale?

The proposed Netlist (NLST) sale of 25,000 shares is to be handled by Needham & Company LLC, located at 250 Park Avenue, 10th Floor, New York, NY 10017, with trading indicated on the OTCQB market.

What Netlist (NLST) shares has Gail M. Sasaki sold in the past 3 months?

Over the past three months, Gail M. Sasaki sold 25,000 shares for $87,250.00 on 05/11/2026, 8,876 shares for $23,311.93 on 05/15/2026, and 25,000 shares for $99,750.00 on 08/05/2026.

On which market will the Netlist (NLST) shares be sold according to this filing?

The filing states that the 25,000 Netlist (NLST) common shares are intended to be sold on the OTCQB market. The proposed sale date is listed as 08/12/2026, with Needham & Company LLC as the broker.

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

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Available on EDGAR 08/12/2026 - 11:06 AM Accepted by SEC EDGAR 08/12/2026 - 11:06 AM 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
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 10017	25000	112250.00	349583129	08/12/2026	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	03/16/2025	Vested Restricted Stock Units	Netlist, Inc			25000	03/16/2025	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 M Sasaki 111 ACADEMY SUITE 100 IRVINE CA 92617	Common	05/11/2026	25000	87250.00
GAIL M SASAKI 111 ACADEMY SUITE 100 IRVINE CA 92617	Common	05/15/2026	8876	23311.93
GAIL M SASAKI 111 ACADEMY SUITE 100 IRVINE CA 92617	Common	08/05/2026	25000	99750.00

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)