SASAKI GAIL M 4

What Happened

• Gail M. Sasaki, EVP and CFO of Netlist, reported the sale of 8,876 shares on May 15, 2026. The reported weighted-average price was $2.63 per share, for aggregate proceeds of approximately $23,312. The filing lists the sale as an open-market/private sale (Code S).

Key Details

• Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (appears within the normal 2-business-day reporting window).
• Price details: reported weighted-average $2.63; actual sale prices ranged from $2.5624 to $2.70 per share (footnote F2).
• Reason/footnotes: Footnote F1 states the shares were sold to cover tax withholding in connection with RSU vesting ("sell to cover") and were not a discretionary sale. Footnote F3 notes reported ownership amounts include shares subject to unvested RSUs.
• Transaction code: S = Sale.

Context

• This was a routine sell-to-cover tied to RSU vesting to satisfy tax withholding obligations, which is common and does not necessarily indicate a change in the insider’s view of the company. The filing discloses the weighted-average and price range and offers to provide detailed per-trade pricing on request (F2).