Chun K. Hong - 24 Jun 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: 24 Jun 2025
Net transactions value: +$3,000,000
Form type: 4
Filing time: 26 Jun 2025, 16:20:14 UTC
Previous filing: 19 May 2025
Next filing: 01 Dec 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	26 Jun 2025	0001381057

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLST	Common Stock	Purchase	$3,000,000	+4,285,715	+155%	$0.7000	7,054,382	24 Jun 2025	Direct	F1, F2
holding	NLST	Common Stock						3,611,177	24 Jun 2025	Hong-Cha Property Trust

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	NLST	Warrants (right to buy)	Purchase		+8,571,430			8,571,430	24 Jun 2025	Common Stock	8,571,430	$0.7000	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased the shares and accompanying warrants at a combined purchase price of $0.70 per share and accompanying warrant pursuant to that certain Securities Purchase Agreement, dated as of June 24, 2025, by and among the Issuer and the investors signatory thereto.
F2	The amount reported includes shares subject to unvested restricted stock units.
F3	Each warrant has an exercise price of $0.70 per share (subject to adjustment in certain circumstances), became exercisable on the date of issuance and will expire five years from the date of issuance.