NETLIST INC 8-K

What Happened
Netlist, Inc. announced on July 1, 2026 that its Board adopted the Netlist, Inc. 2026 Performance Equity Plan. The Plan authorizes grants of stock options, restricted and unrestricted stock awards, restricted stock units and other stock-based awards to employees (including current and future executives), consultants and directors. The Board approved the Plan without stockholder approval and indicated it intends to grant performance awards to executive officers, including one or more named executive officers.

Key Details

• Plan adoption date: July 1, 2026.
• Shares reserved: 33,600,000 shares of common stock (par value $0.001).
• Award types permitted: stock options, restricted/unrestricted stock awards, restricted stock units and other stock-based awards.
• Governance: Plan approved by the Board (no stockholder approval); form of Restricted Stock Unit Agreement and the Plan are filed as exhibits.

Why It Matters
This Plan creates a sizable pool of equity to be used for compensation and incentives for executives, employees and directors. For investors, the reserved 33.6 million shares represent potential future dilution and will affect reported share‑based compensation expense when awards are granted and vest. Watch future SEC filings (e.g., Form 4s and proxy disclosures) for details on specific grants, timing, and any material impact on dilution and earnings.