SASAKI GAIL M 4

What Happened
Gail M. Sasaki, EVP and Chief Financial Officer of Netlist, sold 25,000 shares of NLST in an open-market transaction on May 11, 2026 at $3.49 per share, generating approximately $87,250. The sale was reported on Form 4 and is coded as a disposition (S).

Key Details

• Transaction date: May 11, 2026; Price: $3.49 per share; Shares sold: 25,000; Gross proceeds ≈ $87,250.
• Transaction type: Sale (open market/ private sale), reported on Form 4 filed May 13, 2026 (timely filing).
• Footnote F1: Sale was made pursuant to a pre-established Rule 10b5-1 trading plan adopted Sept 12, 2025.
• Footnote F2: The amount reported includes shares subject to unvested restricted stock units (RSUs).
• Shares owned after transaction: Not specified in the provided filing.

Context
Sales executed under Rule 10b5-1 plans are usually pre-scheduled and do not necessarily indicate a change in insider sentiment. This was a routine disposition by a senior executive; retail investors should note the sale size (~$87k) relative to total insider holdings (not disclosed here) before drawing conclusions.