Cho Jun 4

What Happened
Cho Jun, a director of Netlist, sold a total of 20,000 shares in two open-market transactions: 10,000 shares on 2026-04-22 at $1.98 each for $19,800, and 10,000 shares on 2026-04-23 at $2.18 each for $21,800, for combined proceeds of $41,600. These were outright sales (not purchases or option exercises).

Key Details

• Transaction dates and prices: 2026-04-22 — 10,000 shares @ $1.98; 2026-04-23 — 10,000 shares @ $2.18.
• Total proceeds: $41,600.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: (F1) At least the April 22 sale was effected pursuant to a Rule 10b5-1 trading plan adopted Sept 12, 2025. (F2) The amount reported includes shares subject to unvested restricted stock units.
• Filing: Report filed 2026-04-24 covering the transactions dated Apr 22–23, 2026; this appears to be filed within the standard Form 4 timing window.

Context
Sales executed under a Rule 10b5-1 plan are pre-arranged and often routine, and inclusion of unvested RSUs in the reported amount can affect how ownership is counted. Sales themselves do not necessarily indicate negative views about the company; retail investors should consider these transactions alongside other insider activity and Netlist’s fundamentals before drawing conclusions.