CHUANG PATRICK T 4

What Happened
Patrick T. Chuang, Senior Vice President, Memory Design at GSI Technology (GSIT), exercised option-derived shares and sold stock on Mar 2, 2026. The filing shows:

• Exercise/acquisition of 20,000 shares at $3.68 per share (cash cost $73,600).
• An open-market sale of 20,000 shares at a weighted-average price of $8.37 per share for total proceeds of $167,310 (prices ranged $8.275–$8.435; see footnote).
• The Form 4 also lists a conversion/disposition entry of 20,000 derivative-based shares at $0.00 (no cash reported for that line).
  Because the exercise and sale occurred the same day for the same number of shares, the transaction effectively realized proceeds from recently exercised options.

Key Details

• Date of transactions: 2026-03-02.
• Exercise: 20,000 shares @ $3.68 = $73,600 paid.
• Sale: 20,000 shares @ weighted avg $8.37 = $167,310 proceeds (individual sale prices ranged $8.275–$8.435; footnote F1).
• Additional derivative line: 20,000 shares reported as disposed at $0.00 (filing does not explain cash detail).
• Shares owned after transaction: not disclosed in the data provided.
• Filing timeliness: Report filed on the same date as the transactions (timely).

Context

• For retail investors: this is a common pattern where an insider exercises options and sells shares immediately (often called a cashless exercise or same-day sale). The filing is factual and does not state motivations.
• The notable item is the immediate sale after exercise — the sale realizes value rather than indicating a long-term buy signal.
• Footnote F1 clarifies the sale price is a weighted average across multiple trades; full breakdown is available on request per the footnote.