Chun K. Hong - Mar 16, 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 16, 2023
Transactions value $
-$759,375
Form type
4
Date filed
3/17/2023, 09:30 PM
Previous filing
Mar 14, 2023
Next filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLST Common Stock Award $0 +499K +28.64% $0.00 2.24M Mar 16, 2023 Direct F1
transaction NLST Common Stock Sale -$759K -250K -5.42% $3.04 4.36M Mar 16, 2023 Hong-Cha Property Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units (RSUs) granted on March 16, 2023 vest in installments of 124,750 beginning on March 16, 2024 one time per year through March 16, 2027. 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.
F2 This transaction was effected pursuant to a Rule 10b5-1 Plan.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.00 to $3.15 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.