Ruey-Lin Lu - Oct 28, 2024 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 28, 2024
Transactions value $
$0
Form type
4
Date filed
10/29/2024, 06:08 PM
Previous filing
Oct 31, 2023

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 +13K $0.00 13K Oct 28, 2024 Common Stock 13K $3.69 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, 2025.
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, 2025.