Hong-Po Hsieh - Oct 30, 2023 Form 4 Insider Report for GSI TECHNOLOGY INC (GSIT)

Role
Director
Signature
/s/ Douglas Schirle, Attorney-in-Fact
Stock symbol
GSIT
Transactions as of
Oct 30, 2023
Transactions value $
$0
Form type
4
Date filed
10/31/2023, 04:34 PM
Previous filing
Nov 1, 2022
Next filing
Oct 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSIT Stock Option (right to buy) Award $0 -27.5K -50% $0.00 27.5K Oct 30, 2023 Common Stock 27.5K $1.91 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on August 15, 2024.
F2 Reporting Person shall vest in 100% of the unvested and outstanding portion of the option immediately prior to, but contingent upon, the consummation of a Change in Control prior to August 15, 2024.