Hong Chun K 4

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.