GSI Technology (GSIT) SVP Patrick Chuang Exercises Options and Sells Shares

What Happened

• Patrick T. Chuang, Senior Vice President, Memory Design at GSI Technology (GSIT), exercised stock options and immediately sold the resulting shares across June 1–2, 2026. He exercised 40,000 shares on 2026-06-01 at $7.26 ($290,400) and sold 40,000 that day at a weighted average $11.31 (proceeds $452,584). He exercised another 40,000 on 2026-06-02 at $4.08 ($163,200) and sold 40,000 that day at a weighted average $10.98 (proceeds $439,064).
• Total exercise cost: $453,600. Total sale proceeds: $891,648. The gross difference (proceeds minus exercise cost) is about $438,048. Footnotes indicate the option was fully vested.

Key Details

• Transaction types: M = option exercise (acquisition), S = open-market sale (disposition). Two exercise+sale events (40,000 shares each day).
• Dates & prices:
  • 2026-06-01: exercised 40,000 @ $7.26; sold 40,000 @ weighted avg $11.31 (sales ranged $11.26–$11.423).
  • 2026-06-02: exercised 40,000 @ $4.08; sold 40,000 @ weighted avg $10.98 (sales ranged $10.58–$11.255).
• Shares owned after transaction: not provided in the excerpt of the filing.
• Footnotes: F1/F2 note the sale prices are weighted averages across several trades and offer ranges; F3 states the option was fully vested.
• Filing timeliness: Report filed 2026-06-03 for transactions on 2026-06-01 and 2026-06-02 — appears timely under Form 4 rules.

Context

• This was an exercise of vested options followed by prompt open-market sales of the acquired shares (commonly done to cover exercise costs/taxes or to realize gains). The filing shows both the exercise (derivative acquisition) and the immediate sales; derivative-disposal lines at $0 reflect the conversion/exercise mechanics reported on the Form 4.
• Sales by insiders are common and do not by themselves indicate negative company prospects; purchases are generally more indicative of a bullish personal view.