Netlist (NASDAQ: NLST) CEO gets 856,500 RSUs, sells 40,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NETLIST INC President, CEO and Chairman Chun K. Hong reported both a large equity award and a modest stock sale. He received a grant of 856,500 restricted stock units (RSUs), with one quarter of the RSUs vesting on each anniversary of June 9, 2026 over four years. Each RSU represents a contingent right to receive one share of common stock upon vesting, and his reported direct holdings include shares subject to unvested RSUs.
On June 8, 2026, he conducted an open-market sale of 40,000 shares of common stock at a weighted average price of $2.7188 per share, with individual trades between $2.51 and $2.81. After these transactions, he directly held 8,676,887 shares of common stock and indirectly held 3,511,177 shares through the Hong-Cha Property Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,000 shares ($108,752)
Net Sell
3 txns
Insider
Hong Chun K
Role
President, CEO and Chairman
Sold
40,000 shs ($109K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 40,000 | $2.7188 | $109K |
| Grant/Award | Common Stock | 856,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,676,887 shares (Direct, null);
Common Stock — 3,511,177 shares (Indirect, Hong-Cha Property Trust)
Footnotes (1)
- The shares subject to the restricted stock units (the "RSUs") vest over a period of four years, with 1/4 of such shares vesting on each anniversary of June 9, 2026. The shares will be delivered to the reporting person upon vesting of the RSUs. Each RSU represents a contingent right to receive one share of common stock. The amount reported includes shares subject to unvested RSUs. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.51 to $2.81 per share. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
RSU grant: 856,500 RSUs
RSU vesting schedule: 1/4 annually from June 9, 2026
Shares sold: 40,000 shares
+3 more
6 metrics
RSU grant
856,500 RSUs
Grant to CEO Chun K. Hong on June 5, 2026
RSU vesting schedule
1/4 annually from June 9, 2026
Four-year vesting of 856,500 RSUs
Shares sold
40,000 shares
Open-market sale on June 8, 2026
Weighted average sale price
$2.7188 per share
40,000-share sale; trades $2.51–$2.81
Direct holdings after sale
8,676,887 shares
Common stock directly held by CEO after transactions
Indirect holdings via trust
3,511,177 shares
Common stock held through Hong-Cha Property Trust
Key Terms
restricted stock units, RSUs, weighted average price, indirect, +1 more
5 terms
restricted stock units financial
"The shares subject to the restricted stock units (the "RSUs") vest over a period of four years"
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.
RSUs financial
"The shares will be delivered to the reporting person upon vesting of the RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
weighted average price financial
"The reported price in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect financial
"transaction_type":"holding" ... "ownership_type":"indirect""
Hong-Cha Property Trust financial
""nature_of_ownership":"Hong-Cha Property Trust""
FAQ
What insider transactions did NLST CEO Chun K. Hong report?
Chun K. Hong reported a grant of 856,500 restricted stock units and an open-market sale of 40,000 common shares. The RSUs vest over four years, while the sale occurred at a weighted average price of $2.7188 per share.
What are the vesting terms of the 856,500 RSUs granted to NLST’s CEO?
The 856,500 RSUs vest over four years, with 1/4 of the shares vesting on each anniversary of June 9, 2026. Upon each vesting date, one share of Netlist common stock is delivered for each vested RSU.
What does the Hong-Cha Property Trust represent in the NLST Form 4 filing?
The Hong-Cha Property Trust represents the CEO’s indirect ownership of Netlist shares. The filing shows 3,511,177 common shares held indirectly through this trust, in addition to his directly held shares reported on the same Form 4.