Gail M. Sasaki - Mar 15, 2023 Form 4 Insider Report for NETLIST INC (NLST)

Signature
/s/ Gail M. Sasaki
Stock symbol
NLST
Transactions as of
Mar 15, 2023
Transactions value $
-$258,006
Form type
4
Date filed
3/17/2023, 09:30 PM
Previous filing
Mar 9, 2023
Next filing
Apr 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLST Common Stock Sale -$31.7K -10.3K -2.56% $3.07 393K Mar 15, 2023 Direct F1, F2
transaction NLST Common Stock Award $0 +100K +25.44% $0.00 493K Mar 16, 2023 Direct F3
transaction NLST Common Stock Sale -$59.6K -18.4K -3.74% $3.24 475K Mar 17, 2023 Direct F1, F4
transaction NLST Common Stock Sale -$167K -50K -10.53% $3.33 425K Mar 17, 2023 Direct F5
* 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 "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan.
F2 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 $3.12 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.
F3 These restricted stock units (RSUs) granted on March 16, 2023 vest in installments of 25,000 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.11 to $3.35 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple tranactions at prices ranging from $3.30 to $3.38 per share. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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.