Chun K. Hong - Mar 10, 2023 Form 4 Insider Report for NETLIST INC (NLST)

Role: President, CEO and Chairman, Director
Signature: /s/ Gail Sasaki, Attorney-in-Fact
Stock symbol: NLST
Transactions as of: Mar 10, 2023
Transactions value $: -$521,546
Form type: 4
Date filed: 3/14/2023, 09:12 PM
Previous filing: Feb 13, 2023
Next filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLST	Common Stock	Sale	-$130K	-46K	-2.39%	$2.82	1.88M	Mar 10, 2023	Direct	F1, F2
transaction	NLST	Common Stock	Sale	-$392K	-139K	-7.37%	$2.82	1.74M	Mar 10, 2023	Direct	F2
holding	NLST	Common Stock						4.61M	Mar 10, 2023	Hong-Cha Property Trust

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

Explanation of Responses:

Id	Content
F1	Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the reporting person.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.75 to $2.91 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.

Content

Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the reporting person.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.75 to $2.91 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.