Netlist (NLST) notice: insider plans sale of 37,500 RSU shares

Rhea-AI Filing Summary

Netlist Inc. filed a Form 144 notice for the proposed sale of 37,500 shares of Common Stock previously issued as vested Restricted Stock Units on 08/12/2024. The filing shows a reported gross value of $62,358.75 and lists the filing/receipt date as 04/22/2026.

Insights

Equity Capital Markets Analyst

Routine Form 144 notice reporting a proposed sale of vested RSUs.

The filing records a proposed sale of 37,500 Common shares that vested as Restricted Stock Units on 08/12/2024. Form 144 is a procedural notice used to comply with resale conditions for restricted or control securities before an open-market sale.

Cash-flow treatment and planned sale method are not specified in the excerpt; subsequent transaction details or a Form 4 would show execution and net proceeds. Timing and execution depend on market activity and any resale limitations applicable to OTCQB-listed securities.

Key Figures

Shares proposed for sale: 37,500 shares Reported gross value: $62,358.75 Form filing/receipt date: 04/22/2026 +1 more

4 metrics

Shares proposed for sale 37,500 shares Vested Restricted Stock Units dated 08/12/2024

Reported gross value $62,358.75 Value shown for 37,500 shares on Form 144 entry

Form filing/receipt date 04/22/2026 Form 144 listed date

Reported proposed sale date 03/17/2026 Date associated with seller entry (Blake Welcher)

Key Terms

Restricted Stock Units, Form 144, OTCQB

3 terms

Restricted Stock Units financial

"Vested Restricted Stock Units dated 08/12/2024"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 144 regulatory

"Netlist Inc filed a Form 144 notice for the proposed sale"

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

"OTCQB appears alongside issuer and security details"

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.

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	37500	75000.00	316515344	04/22/2026	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			37500	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
Blake Welcher 111 Academy Suite 100 Irvine CA 92617	Common	03/17/2026	37500	62358.75

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 Netlist Inc.'s (NLST) Form 144 report show?

It reports a proposed sale of 37,500 Common shares from vested RSUs dated 08/12/2024. The filing lists a reported gross value of $62,358.75 and a filing/receipt date of 04/22/2026.

Who is listed as the seller on NLST's Form 144?

Blake Welcher is named with an address in Irvine, CA, as the reporting person. The Form 144 entry attributes the proposed sale of 37,500 Common shares on 03/17/2026 in the provided excerpt.

Were the securities sold to Netlist or issued as compensation?

The shares were issued as Vested Restricted Stock Units to Netlist Inc. on 08/12/2024, indicating an equity compensation origin rather than a primary cash raise or sale by the issuer.

Does Form 144 confirm the shares were actually sold?

No. Form 144 is a notice of a proposed sale and does not confirm execution. Actual sale details and net proceeds would appear in later transaction reports such as a Form 4 or in market trade records.