SASAKI GAIL M 4

4 · NETLIST INC · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Netlist (NLST) EVP/CFO Gail Sasaki Sells 20,898 Shares

What Happened

Gail M. Sasaki, EVP and CFO of Netlist, sold 20,898 shares on 2026-03-16 in an open-market "sell-to-cover" transaction. The reported weighted-average price was $1.50 per share for total proceeds of $31,347. This sale was made to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), not as a discretionary investment sale.

Key Details

Transaction date: 2026-03-16
Transaction type: Sale (sell-to-cover to satisfy tax withholding)
Shares sold: 20,898
Price: weighted average $1.50; executed in multiple trades at $1.50–$1.53 (reporting person can provide per-trade breakdown on request)
Total reported proceeds: $31,347
Shares owned after transaction: Not specified in the provided filing (note: reported amount includes shares subject to unvested RSUs)
Footnotes: F1 = sale to cover tax withholding (not discretionary); F2 = weighted-average price and price range disclosure; F3 = reported amount includes unvested RSUs
Filing timeliness: Report filed on 2026-03-16 for the 2026-03-16 transaction (no late filing indicated)

Context

Sell-to-cover transactions are common when RSUs vest; they are executed to pay withholding taxes and generally do not signal the insider's broader market view.
The filing notes the sale was to satisfy tax obligations and not a discretionary trade by the reporting person.

Form 4

Period: 2026-03-16

EVP and CFO

Transactions

Footnotes (3)

[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 $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.
[F3]The amount reported includes shares subject to unvested RSUs.

Signature

/s/ Gail M. Sasaki|2026-03-16

1 file