Le Kim - 31 Oct 2022 Form 4 Insider Report for GSI TECHNOLOGY INC (GSIT)

Role
Director
Signature
/s/ Douglas Schirle, Attorney-in-Fact
Issuer symbol
GSIT
Transactions as of
31 Oct 2022
Transactions value $
$0
Form type
4
Filing time
01 Nov 2022, 20:00:29 UTC
Previous filing
02 Nov 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSIT Stock Option (right to buy) Award $0 -32,085 -50% $0 32,085 31 Oct 2022 Common Stock 32,085 $1.87 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on August 15, 2023.
F2 Reporting Person shall vest in 100% of the unvested and outstanding portion of the option immediately prior to, but contingent upon, the consummation of a Change in Control prior to August 15, 2023.