GSI Technology (GSIT) VP Avidan Receives 40,000-Share Option Award

What Happened
Avidan Akerib, Vice President, Associative Computing at GSI Technology (GSIT), was granted a derivative award on 2026-08-13 covering 40,000 shares (reported with a price of $0.00). The filing indicates this is an option-style award that does not require cash payment at grant; the option vests and becomes 100% exercisable on May 23, 2030, subject to continued service.

Key Details

• Transaction date: 2026-08-13; Form 4 filed 2026-08-14 (appears timely).
• Transaction type/code: A — Grant/Award (derivative). Reported price: $0.00.
• Shares involved: 40,000-option-equivalent shares granted.
• Vesting/exercise: 100% vests and becomes exercisable on May 23, 2030 (footnote).
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax-withholding, or sale activity noted in this filing.

Context
This is a grant of a derivative award (an option) rather than an open-market purchase or sale. It creates the possibility of future ownership if the option is exercised after vesting; it does not represent immediate cash proceeds or a current market transaction. As with most grants, continued employment is a condition for vesting — this is a compensation incentive rather than an immediate market endorsement.