SASAKI GAIL M 4

What Happened Gail M. Sasaki, EVP and Chief Financial Officer of Netlist, received a grant of 200,000 restricted stock units (RSUs) on 2026-06-05 (transaction code A). The Form 4 reports an acquisition price of $0.00 because these RSUs are contingent awards; each RSU represents the right to receive one share of Netlist common stock upon vesting. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09.
• Grant: 200,000 RSUs; reported acquisition price: $0.00.
• Vesting: RSUs vest over four years, with 1/4 vesting on each anniversary of June 9, 2026 (see footnote).
• Delivery: Shares will be delivered to Ms. Sasaki upon each vesting date; each RSU converts to one share.
• Report notes the amount includes unvested RSUs. The filing does not state total shares owned by the insider after the grant.
• Transaction type: Award/Grant (compensation), not a market purchase or sale.

Context RSU grants are common executive compensation and vest over time to incentivize retention; they do not by themselves indicate a near-term purchase or sale intent. Because the RSUs are unvested and reported at $0 acquisition price, there’s no immediate cash value realized until vesting/delivery.