CHUANG PATRICK T 4

What Happened

• Patrick T. Chuang, Senior Vice President, Memory Design at GSI Technology, exercised 40,000 derivative shares (code M) at $5.58 per share (cost = $223,200) and, the same day (Mar 13, 2026), sold 40,000 shares in the open market at a weighted average price of $8.56 per share (proceeds = $342,440). The filing also shows a related derivative disposition of 40,000 at $0.00, which reflects the conversion/settlement of the option instrument. Net proceeds from the exercise-and-sale transaction are about $119,240. The Form 4 was filed on Mar 16, 2026 (timely).

Key Details

• Transaction date: 2026-03-13
• Exercise (M): 40,000 shares at $5.58 — total cost $223,200
• Sale (S): 40,000 shares at weighted avg $8.56 — total proceeds $342,440 (sales ranged $8.50–$8.67 per footnote)
• Additional derivative line: 40,000 shares disposed at $0.00 (conversion/settlement of the option)
• Shares owned after transaction: not specified in the information provided in this summary
• Filing date: 2026-03-16 (filed within required reporting window)
• Footnote: weighted average sale price reported; detailed per-price breakdown available on request (footnote F1)

Context

• This is effectively a same-day exercise and sale (often called a cashless exercise and sale): the insider exercised options and sold the resulting shares on the same day, realizing the difference between the sale price and the exercise price.
• Such transactions are common for executives monetizing option gains and are factual records of movement — they do not by themselves indicate the insider’s future view of the company.