GSI Technology (GSIT) Director Elizabeth Cholawsky Exercises 60,517 Shares

What Happened
Elizabeth Cholawsky, a director of GSI Technology (GSIT), exercised stock-option/derivative awards on July 15, 2026, resulting in the acquisition of 60,517 common shares. The exercise consisted of 28,342 shares at $1.87 ($53,000), 31,675 shares at $1.91 ($60,499), and 500 shares at $3.69 ($1,845), for a total cash outlay of approximately $115,344. The filing also shows the corresponding derivative instruments were disposed (canceled) at $0 in connection with the exercises. No sale of the acquired shares was reported in this Form 4.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-16 (timely filing).
• Transaction type: M = Exercise/conversion of derivative (stock options).
• Acquired shares and prices: 28,342 @ $1.87 (≈ $53,000); 31,675 @ $1.91 (≈ $60,499); 500 @ $3.69 (≈ $1,845). Total acquired = 60,517 shares; total cost ≈ $115,344.
• Disposed entries: same share amounts listed as derivative disposals at $0 — reflects cancellation/conversion of the derivative instruments upon exercise.
• Shares owned after the transaction: not specified in the filing.
• No 10b5-1 plan, tax-withholding, or other special footnotes were indicated in the supplied transaction details.

Context

• This was an option exercise (conversion of derivative rights into common stock), not an open-market purchase or a sale. Because the filing shows acquisition of shares with no immediate sale, it represents an insider acquiring company stock (often considered more informative than routine sales).
• The separate “disposed at $0” lines are standard when options or other derivative instruments are exercised and canceled; they do not indicate a market sale.
• The Form 4 was filed the next day, so there’s no indication of a late filing in the provided data.