GSI Technology (GSIT) Director Didier Lasserre Receives Award

What Happened
Didier H. Lasserre, a director of GSI Technology (GSIT), was granted 40,000 derivative shares/options on 2026-08-13. The Form 4 reports the acquisition price as $0.00 (total reported value $0), indicating an award/compensation grant rather than a cash purchase or sale. No immediate sale or cash proceeds were reported.

Key Details

• Transaction date: 2026-08-13; filing date: 2026-08-14 (filed promptly).
• Transaction type/code: Grant/Award (A) of a derivative security.
• Amount: 40,000 derivative shares/options; reported price: $0.00; reported value: $0.
• Vesting/exercise: Footnote — vests and becomes 100% exercisable on May 3, 2030, subject to the Reporting Person’s continued service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or cashless exercise noted in the excerpt.

Context
This was a compensation grant to a director, not an open-market buy or sale. As a derivative award that vests in the future, it does not reflect an immediate cash transaction or immediate change in market holdings. Such grants are typically used for retention and alignment with shareholders; the long vesting date (May 3, 2030) means value realization depends on continued service and any future exercise or sale.