Schirle Douglas 4

What Happened

• Douglas Schirle, Chief Financial Officer of GSI Technology, exercised options to acquire 40,000 shares at $4.99 per share (cost $199,600) and, on the same day (2026-05-14), sold 40,000 shares in the open market for a weighted-average price of $11.32 per share (total proceeds $452,928). The filing also reports a related derivative disposal of 40,000 shares at $0 (reported as disposed; see Key Details for notes).

Key Details

• Transaction date: 2026-05-14.
• Exercise: 40,000 shares acquired at $4.99 each — total cash paid $199,600.
• Sale: 40,000 shares sold, weighted-average price $11.32 — total proceeds $452,928. Footnote F2 notes the sale occurred in multiple transactions at prices ranging $10.96–$12.01; exact breakdown available upon request.
• Additional derivative line: 40,000 shares reported as disposed at $0 (listed as a derivative disposition in the filing).
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes: F1 references ESPP acquisitions since last report; F2 explains the weighted-average sale price and offers to provide per-price breakdown on request.
• Timeliness: Filing date and report date are both 2026-05-14, indicating a same-day (timely) report.

Context

• Because the exercised shares were sold the same day, this sequence is consistent with a cashless/near-immediate sell following option exercise rather than a longer-term buy-and-hold purchase. This is common for executives who exercise options to cover tax or option costs; the filing itself does not state the insider's motivation.
• The sale price range and weighted average are provided in the footnote; investors should consider the sale was executed in multiple trades across the stated range.