Netlist (NLST) CFO Gail Sasaki Sells 25,000 Shares

What Happened
Gail M. Sasaki, Executive Vice President and Chief Financial Officer of Netlist, sold 25,000 shares on August 5, 2026 at $3.99 per share, generating proceeds of $99,750. The report lists the transaction as an open-market or private sale (S), and the sale was made under a Rule 10b5-1 trading plan adopted September 12, 2025 — indicating the trade was preplanned rather than ad hoc.

Key Details

• Transaction date and price: August 5, 2026 — 25,000 shares at $3.99 each. Total proceeds: $99,750.
• Transaction type: Sale (open-market or private sale); executed pursuant to a 10b5-1 plan (adopted 9/12/2025).
• Footnote re holdings: The reported amount includes shares subject to unvested RSUs per the filing.
• Filing date/timeliness: Form 4 filed August 7, 2026 (two days after the transaction), generally within the two-business-day reporting requirement.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
Sales under a 10b5-1 plan are typically prearranged and scheduled, which limits their interpretive value about current insider sentiment. This was a routine sale by an executive; purchases often carry stronger signals about insider confidence. The inclusion of unvested RSUs in the reported amount means part of the reported position may not be immediately transferable.