Akerib Avidan 4

What Happened

• Akerib Avidan, Vice President, Associative Computing at GSI Technology (GSIT), exercised options to acquire 20,000 common shares (347 on 2026-05-12 and 19,653 on 2026-05-13) at an exercise price of $6.16 per share (total exercise cost $123,200). The same shares were sold in open-market transactions (347 sold 5/12 at a weighted $12.03; 19,653 sold 5/13 at a weighted $11.47), generating gross proceeds of about $229,500. This pattern is an exercise followed by immediate sale (a cashless or sell-to-cover style transaction).

Key Details

• Transaction dates: 2026-05-12 and 2026-05-13.
• Options exercised: 20,000 shares total (347 + 19,653) at $6.16; total exercise cost reported $123,200.
• Shares sold: 20,000 shares total; proceeds reported $229,500 ($4,174 on 5/12; $225,326 on 5/13).
• Net difference (gross proceeds minus exercise cost) before fees/taxes: about $106,300.
• Footnote: Sale prices are weighted averages; prices ranged from $11.31 to $11.735 for the 19,653-share tranche (reporting person can provide per-price details on request).
• Shares owned after the transactions: not reported in the provided data.
• Filing timeliness: Report covers 2026-05-12 and was filed 2026-05-13 (appears timely).

Context

• For retail investors: exercising options and immediately selling the acquired shares is common for option holders to cover exercise costs and realize gains; it does not necessarily signal a view on the company’s long-term prospects. The Form 4 shows both the derivative exercise and the subsequent open-market sales.