GSI TECHNOLOGY (GSIT) SVP Patrick Chuang Receives 40,000-Share Award

What Happened
Patrick T. Chuang, Senior Vice President, Memory Design at GSI Technology (GSIT), was granted a derivative award of 40,000 shares on 2026-08-13. The grant is reported as an award/acquisition (code A) with a reported acquisition price of $0.00 — i.e., no cash paid at grant. A footnote states the option vests and becomes 100% exercisable on June 2, 2030, subject to his continued service.

Key Details

• Transaction date: August 13, 2026; Form 4 filed August 14, 2026 (timely filing).
• Transaction type/code: Award/Grant (A); derivative security (option).
• Shares awarded: 40,000; price reported: $0.00 per share (grant).
• Vesting: 100% exercisable on June 2, 2030, conditional on continued service (footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Filing accession: 0002009849-26-000010 (for reference).

Context
This was a time‑vested option award, not an open‑market purchase or sale, and does not indicate immediate cash value until exercised and/or sold in the future. Such grants are common retention/compensation tools and should be interpreted as a long‑term incentive rather than an immediate bullish or bearish signal.