Schirle Douglas 4

What Happened

Douglas Schirle, Chief Financial Officer of GSI Technology (GSIT), was granted a derivative award covering 20,000 shares on February 2, 2026. The award shows $0.00 per share (no cash paid at grant); the filing reports this as an award/acquisition of a derivative instrument rather than an open‑market purchase or sale.

This is an equity award (not a sale), typically a retention or compensation grant. It does not represent an immediate sale or purchase of common stock and does not necessarily imply a near‑term change in Schirle’s ownership until the award vests/exercisable.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (filed within the normal 2-business-day window).
• Amount: 20,000 shares (derivative award) at $0.00 per share — no cash exchanged at grant.
• Vesting/exercise: Per footnote, the option/award vests and becomes 100% exercisable on December 1, 2026, subject to continued service.
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Timely (filed Feb 4 for a Feb 2 transaction).
• Transaction code: A (award/grant); derivative transaction (not an immediate stock purchase or sale).

Context

Because this is a derivative award that does not vest or become exercisable until Dec 1, 2026 (subject to continued service), Schirle cannot convert it into common shares until that date under the stated conditions. Awards like this are common executive compensation/retention tools and should be viewed as compensation rather than an immediate investment or divestment signal.