Netlist (NLST) EVP/CFO Gail Sasaki Sells 100,000 Shares

What Happened
Gail M. Sasaki, EVP and Chief Financial Officer of Netlist, Inc. (NLST), sold 100,000 shares on August 17, 2026 in an open-market disposition. The reported weighted-average price was $6.91 per share for a total of approximately $690,660. This was a sale (not a purchase) and was effected under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: August 17, 2026 (reported on Form 4 filed August 19, 2026). Filing appears timely (within the usual 2-business-day Form 4 window).
• Shares sold: 100,000; weighted-average price reported: $6.91; total value ≈ $690,660.
• Price range: shares were sold in multiple trades at $6.90–$6.93 per share (weighted avg shown).
• Plan: Sale was effected pursuant to a Rule 10b5-1 plan adopted September 12, 2025 (Footnote F1).
• Ownership reporting: the filing notes that the reported amount includes shares subject to unvested RSUs (Footnote F3). The filing does not specify the share count owned by Sasaki after the transaction in the provided summary.
• Additional: The filer offers to provide the breakdown of shares sold at each price in the $6.90–$6.93 range upon request (Footnote F2).

Context
Sales executed under 10b5-1 plans are pre-arranged and generally indicate scheduled, not opportunistic, selling; they reduce the ability to infer insider sentiment from the trade. This transaction is a disposition (sale) rather than a purchase or option exercise, so it does not signal a direct bullish insider bet.