Cho Jun 4

What Happened

• Cho Jun, a director of Netlist, Inc. (NLST), received a grant of 100,000 restricted stock units (RSUs) on June 5, 2026. The reported acquisition price is $0.00 (total reported value $0) because these are compensation RSUs, not an open‑market purchase.
• Each RSU represents a contingent right to one share of common stock; the RSUs will convert to shares and be delivered only as they vest.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (filing appears timely under the 2-business‑day rule).
• Transaction type: Award/Grant (code A); shares reported: 100,000; reported price: $0.00.
• Vesting: RSUs vest over four years with 1/4 vesting on each anniversary of June 9, 2026 (footnote F1).
• Shares owned after transaction: not specified in the filing (the amount reported includes unvested RSUs per footnote F2).
• No 10b5-1 plan, tax withholding, sale, or exercise reported in this filing.

Context

• RSU grants are compensation and do not involve an immediate cash purchase or sale; they become stock only as they vest. Such awards are common for directors and are not direct market bets by the insider.
• Because these RSUs are unvested, they are contingent and do not increase the insider’s present transferable share count until vesting/delivery.