Gail M. Sasaki - 11 Aug 2023 Form 4 Insider Report for NETLIST INC (NLST)

Role: Vice President and CFO
Signature: /s/ Gail M. Sasaki
Issuer symbol: NLST
Transactions as of: 11 Aug 2023
Net transactions value: -$28,570
Form type: 4
Filing time: 15 Aug 2023, 21:30:21 UTC
Previous filing: 17 Jul 2023
Next filing: 08 Sep 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	Sale	$28,570	-8,820	-2.7%	$3.24	316,174	11 Aug 2023	Direct	F1, F2

* 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 $3.23 to $3.26 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 "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.23 to $3.26 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.