Hong Chun K 4

What Happened

• Hong Chun K, Netlist’s President, CEO and Chairman, received a grant of 856,500 restricted stock units (RSUs) on 2026-06-05 (acquisition at $0). The RSUs vest over four years (1/4 each anniversary of June 9, 2026) and each RSU represents the right to one share.
• On 2026-06-08 he sold 40,000 shares in an open-market transaction at a weighted-average price of $2.72, generating proceeds of approximately $108,752. The individual sale transactions ranged from $2.51 to $2.81 per share.

Key Details

• Grant: 856,500 RSUs on 2026-06-05 (no cash price; contingent rights to shares). Vesting: 4-year schedule, 25% each anniversary starting 6/9/2026.
• Sale: 40,000 shares on 2026-06-08, weighted avg $2.72; proceeds ≈ $108,752; per-share sale prices ranged $2.51–$2.81.
• Shares owned after transaction: the filing indicates the reported amounts include unvested RSUs, but does not separately state total post-transaction beneficial ownership.
• Footnotes: F1 = vesting schedule and delivery on vesting; F2 = reported amount includes unvested RSUs; F3 = sale prices were multiple trades and the filer can provide breakdown on request.
• Filing: Form 4 filed 2026-06-09. This filing appears timely (Form 4 is generally due within two business days of the transaction).

Context

• The RSU grant is a compensation award (not a cash purchase) and vests over time; awarded RSUs are common executive compensation and do not represent immediately tradable shares until vested and delivered.
• The open-market sale was routine disposition of shares; such sales do not by themselves indicate insider sentiment about the company’s prospects.