SASAKI GAIL M 4

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.