Shu Lee-Lean 4

What Happened Shu Lee‑Lean, a reported 10% owner of GSI Technology, was granted a derivative award for 150,000 shares on February 2, 2026. The filing lists the acquisition price as $0.00 (no cash paid on grant). A footnote says the option vests and becomes 100% exercisable on December 1, 2026, subject to Lee‑Lean’s continued service to the company. This is an award/option grant (an acquisition of a derivative), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-02; reported on Form 4 filed 2026-02-04 (appears timely).
• Transaction type/code: A — Grant, award or other acquisition (derivative).
• Shares/units granted: 150,000; price reported: $0.00 (no cash exchanged at grant).
• Vesting/exercise: Footnote states the option vests and becomes 100% exercisable on December 1, 2026, contingent on continued service.
• Shares owned after transaction: Not specified in this filing.
• Filing status: Not marked late in the filing; no 10b5-1 or tax‑withholding notes listed.

Context This filing records a derivative award (option) rather than an immediate purchase or sale of shares. The $0.00 grant value means no cash was paid at the time of award; the filing does not specify any exercise price, so future value depends on the terms of the option and GSI’s stock price when/if exercised. Awards tied to continued service are common compensation tools and do not by themselves signal imminent buying or selling of shares.