Hong Chun K 4
4 · NETLIST INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Netlist (NLST) CEO Hong Chun K Sells 343,995 Shares
What Happened
Hong Chun K — President, CEO, Chairman and Director of Netlist, Inc. (NLST) — sold a total of 343,995 shares in multiple open‑market transactions between March 12 and March 16, 2026. The reported weighted average price is $1.50 (range $1.50–$1.53), for aggregate proceeds of approximately $515,993. Transactions reported: 5,500 shares ($8,250), 194,500 shares ($291,750), 93,995 shares ($140,993), and 50,000 shares ($75,000). These are sales (not purchases).
Key Details
- Transaction dates: March 12, 2026; March 13, 2026; March 16, 2026. Report filed March 16, 2026.
- Reported price: weighted average $1.50 (sales executed across $1.50–$1.53).
- Total shares sold: 343,995; total proceeds ≈ $515,993.
- Post‑transaction holdings: not specified in the provided excerpt of the filing.
- Notable footnotes: some sales were executed under a Rule 10b5‑1 trading plan adopted Sept 12, 2025 (including a trust plan); one sale was a "sell‑to‑cover" to satisfy tax withholding on RSU vesting; reported amounts include shares subject to unvested RSUs.
- Filing timeliness: no late‑filing indication in the provided data (filed 2026‑03‑16).
Context
These were sales by an insider (not purchases), which are commonly routine (scheduled plan or tax withholding). The presence of 10b5‑1 plans and a sell‑to‑cover for RSU taxes indicates at least some transactions were pre‑planned or administrative rather than ad‑hoc trades. This report is informational; it does not by itself indicate the insider’s view of the company’s prospects.
Insider Transaction Report
- Sale
Common Stock
[F2][F1]2026-03-12$1.50/sh−5,500$8,250→ 8,148,882 total - Sale
Common Stock
[F2][F1]2026-03-13$1.50/sh−194,500$291,750→ 7,954,382 total - Sale
Common Stock
[F3][F4][F1]2026-03-16$1.50/sh−93,995$140,993→ 7,860,387 total - Sale
Common Stock
[F5]2026-03-12$1.50/sh−50,000$75,000→ 3,511,177 total(indirect: By Trust)
Footnotes (5)
- [F1]The amount reported includes shares subject to unvested restricted stock units.
- [F2]This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025.
- [F3]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.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53 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]This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Chun Ki Hong Won Kyung Cha Community Property Trust dated 8/16/2004 on September 12, 2025.