Hong Chun K 4

What Happened

• Hong Chun K, President, CEO and Chairman of Netlist, was granted 4,000,000 restricted stock units (RSUs) on July 16, 2026. The award is reported at $0.00 per share (an equity grant, not a cash purchase), representing a contingent right to receive common stock upon vesting.

Key Details

• Transaction date: 2026-07-16; filing date (accession): 2026-07-17 — appears to be filed promptly.
• Transaction type/code: Award/Grant (A) — RSU grant, not an open-market buy or sale.
• Shares/units granted: 4,000,000 RSUs; reported acquisition value: $0.00 (no cash paid).
• Vesting: RSUs vest in five annual installments; first installment vests on August 15, 2027 (per footnote). Each RSU equals the right to one share upon vesting.
• Footnote: The reported amount includes shares subject to unvested RSUs.
• Shares owned after transaction: Not specified in the provided filing.

Context

• This is an executive equity award, which gives the insider a contingent right to future shares rather than an immediate purchase or sale. Such grants are commonly used for retention and long-term alignment; they do not represent immediate proceeds or a direct market trade.