Chun K. Hong - 15 May 2025 Form 4 Insider Report for NETLIST INC (NLST)

Role
President, CEO and Chairman, Director
Signature
/s/ Gail M. Sasaki, Attorney-in-Fact
Issuer symbol
NLST
Transactions as of
15 May 2025
Net transactions value
-$43,938
Form type
4
Filing time
19 May 2025, 21:30:12 UTC
Previous filing
18 Mar 2025
Next filing
26 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Hong Chun K President, CEO and Chairman, Director 111 ACADEMY, SUITE 100, IRVINE /s/ Gail M. Sasaki, Attorney-in-Fact 19 May 2025 0001381057

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLST Common Stock Sale $43,938 -61,374 -2.2% $0.7159 2,768,667 15 May 2025 Direct F1, F2, F3
holding NLST Common Stock 3,611,177 15 May 2025 Hong-Cha Property Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the number of shares sold by the reporting person to cover tax withholding obligation in connection with the vesting of restricted stock units. 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 $0.7122 to $0.72 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 The amount reported includes shares subject to unvested restricted stock units.