Wu Bor-Tay 4

What Happened Wu Bor‑Tay, Vice President of Taiwan Operations at GSI Technology (GSIT), exercised 40,000 options on March 10, 2026 at $4.99 per share (total exercise cost $199,600) and sold 40,000 shares in the open market that same day for a weighted average price of $8.66 per share (total proceeds $346,544). Net proceeds before taxes and fees were roughly $146,944 (sale proceeds minus exercise cost). The filing reflects both the option exercise (derivative acquisition) and the subsequent sale.

Key Details

• Transaction date: 2026-03-10.
• Exercise: 40,000 shares at $4.99 each — total $199,600 (derivative exercise, code M).
• Sale: 40,000 shares at weighted avg $8.66 each — total $346,544 (open market sale, code S).
• Reported weighted‑average sale price range: $8.60 to $8.785 (footnote states shares sold in multiple trades; reporter can provide per‑trade breakdown on request).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: report filed the same day (timely); no 10b5‑1 plan or tax‑withholding arrangement disclosed in the supplied data.

Context This is a common "exercise-and-sell" (cashless) transaction: the insider exercised options and immediately sold the resulting shares rather than holding them. Such sales are often routine (liquidity or tax reasons) and do not, by themselves, indicate company‑level guidance or performance changes.