Chun K. Hong - 09 Feb 2023 Form 4 Insider Report for NETLIST INC (NLST)

Role: President, CEO and Chairman, Director
Signature: /s/ Gail Sasaki, Attorney-in-Fact
Issuer symbol: NLST
Transactions as of: 09 Feb 2023
Net transactions value: +$213,000
Form type: 4
Filing time: 13 Feb 2023, 15:46:01 UTC
Previous filing: 08 Sep 2022
Next filing: 14 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLST	Common Stock	Options Exercise	$213,000	+300,000	+18%	$0.7100	1,927,150	09 Feb 2023	Direct
holding	NLST	Common Stock						4,611,177	09 Feb 2023	Hong-Cha Property Trust

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	NLST	Employee Stock Option (right to buy)	Options Exercise	$0	+300,000	+16%	$0.000000	2,200,000	09 Feb 2023	Common Stock	300,000	$0.7100	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This option vested in 16 equal quarterly installments from May 11, 2013 to February 11, 2017.