Netlist Form 144 lists 40,000 shares; March 2026 holder sales

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.

Rhea-AI Filing Summary

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.

Insights

Securities Compliance Counsel

Form 144 lists proposed resale volumes, vested RSUs, and recent disposals by a named holder.

The filing documents specific quantities of vested Restricted Stock Units (12,318; 24,532; 3,150) and identifies a proposed sale quantity line showing 40,000 shares associated with Needham and Company. It also reports three completed sales by CHUN K HONG with exact share counts and gross values.

These entries are procedural notices under the resale rule; timing and exact transfer methods are not described in the excerpt. Subsequent disclosures or broker confirmations would show settlement details and any issuer receipt of proceeds.

Capital Markets Analyst

The filing is administrative: it notifies the market of resale intent and documents recent holder sales.

The notice lists specific share quantities and dollar amounts for three sales on in March 2026, which are concrete disposal events. The RSU vesting dates and amounts are recorded as background to the seller's holdings.

Because this is a resale notice, it does not by itself alter company financials; market impact depends on actual market sales and volume relative to float.

Key Figures

Securities-to-be-sold line: 40,000 shares Vested RSU: 12,318 shares Vested RSU: 24,532 shares +4 more

7 metrics

Securities-to-be-sold line 40,000 shares associated with Needham and Company entry

Vested RSU 12,318 shares Vested Restricted Stock Units dated 08/11/2022

Vested RSU 24,532 shares Vested Restricted Stock Units dated 09/06/2022

Vested RSU 3,150 shares Vested Restricted Stock Units dated 09/07/2022

Sale by CHUN K HONG 55,500 shares sale on 03/12/2026 for $83,250.00

Sale by CHUN K HONG 194,500 shares sale on 03/13/2026 for $291,750.00

Sale by CHUN K HONG 93,995 shares sale on 03/16/2026 for $141,077.10

Key Terms

Vested Restricted Stock Units, Form 144, OTCQB

3 terms

Vested Restricted Stock Units financial

"Vested Restricted Stock Units | Netlist Inc | 12318 | 08/11/2022"

Form 144 regulatory

"CONTENT TO ANALYZE: ... form_type: "144""

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

"333317148 | 06/08/2026 | 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's (NLST) Form 144 disclose about shares to be sold?

The Form 144 lists a 40,000 figure under securities-to-be-sold associated with Needham and Company and documents vested RSUs of 12,318, 24,532, and 3,150 dated in 2022.

Who sold shares recently according to the filing for NLST?

The filing reports three sales by CHUN K HONG: 55,500 shares on 03/12/2026, 194,500 shares on 03/13/2026, and 93,995 shares on 03/16/2026, with stated gross amounts.

What dollar amounts are shown for the reported sales in the Form 144?

The three recorded sales show gross proceeds of $83,250.00, $291,750.00, and $141,077.10 respectively, tied to the March 2026 transaction dates listed.

Does the Form 144 indicate whether the company receives proceeds from these sales?

The excerpt does not state who receives proceeds; it records resale activity and quantities but does not specify issuer receipt or use of proceeds in the provided text.

What are the vested equity amounts recorded in the filing for NLST?

The filing records vested Restricted Stock Units with quantities 12,318 (08/11/2022), 24,532 (09/06/2022), and 3,150 (09/07/2022) as equity compensation events.

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

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Accepted by SEC EDGAR 06/08/2026 - 04:06 PM 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	0001381057
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	Hong Chun K
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	Officer
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 10017	40000	108752.00	333317148	06/08/2026	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	08/11/2022	Vested Restricted Stock Units	Netlist Inc			12318	08/11/2022	Equity Compensation
Common	09/06/2022	Vested Restricted Stock Units	Netlist Inc			24532	09/06/2022	Equity Compensation
Common	09/07/2022	Vested Restricted Stock Units	Netlist Inc			3150	09/07/2022	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
CHUN K HONG 111 ACADEMY SUITE 100 IRVINE CA 92617	Common	03/12/2026	55500	83250.00
CHUN K HONG 111 ACADEMY, SUITE 100 IRVINE CA 92617	Common	03/13/2026	194500	291750.00
CHUN K HONG 111 ACADEMY SUITE 100 IRVINE CA 92617	Common	03/16/2026	93995	141077.10

144: Remarks and Signature

Remarks
Date of Notice	06/08/2026
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 Chun Ki Hong
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)