GSI TECHNOLOGY (GSIT) CFO Douglas Schirle Receives 40,000-Share Award

What Happened
Douglas M. Schirle, Chief Financial Officer of GSI Technology, was granted a derivative award for 40,000 shares on August 13, 2026. The filing lists the acquisition price as $0.00 (derivative), and the award is described in a footnote as an option that vests and becomes 100% exercisable on June 3, 2030, subject to continued service. This was a grant/award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-08-13 (filed with the SEC on 2026-08-14).
• Transaction type/code: Award/Grant (derivative); listed price $0.00.
• Shares awarded: 40,000. Reported total value in filing: $0 (derivative instrument).
• Vesting/exercise: Footnote F1 — vests and becomes 100% exercisable on June 3, 2030, subject to continued service.
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: Filing appears timely (transaction 8/13/2026, filed 8/14/2026).

Context
This is a compensation-related derivative grant to the CFO, not an immediate cash purchase or sale. Because the option vests in the future and is contingent on continued service, it does not represent an immediate market transaction or sale. Retail investors should view this as an executive compensation award rather than a direct signal of current insider buying or selling.