GSI Technology (NASDAQ: GSIT) files to sell 40,000 shares via option exercise
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
GSI Technology Inc. submitted a Form 144 notice to sell 40,000 shares of Common Stock via a Stock Option Exercise & Sale on 03/13/2026.
The filing also reports a prior sale of 20,000 shares on 03/02/2026 for $167,310.00. The sale method is listed as cash.
Positive
- None.
Negative
- None.
Insights
Routine Rule 144 notice for an option exercise-and-sale; compliance details matter.
The filing lists a 40,000 share sale tied to a Stock Option Exercise & Sale scheduled on 03/13/2026. It records the sale method as Cash, indicating a cash settlement of proceeds.
Documented prior activity shows a 20,000 share sale on 03/02/2026 for $167,310.00. Subsequent Form 4 or settlement filings will confirm final receipt of proceeds and post-transaction holdings.
FAQ
What does the Form 144 for GSIT disclose?
It discloses a proposed sale of 40,000 shares by GSI Technology Inc. via stock option exercise and sale on 03/13/2026. The filing lists the sale method as cash and gives prior sales in the last three months.
When is the option exercise-and-sale scheduled according to the filing?
The option exercise-and-sale is scheduled for 03/13/2026 for 40,000 shares. The method of sale is described as Stock Option Exercise & Sale with proceeds in cash.
Does the Form 144 state how proceeds will be used by the issuer (GSIT)?
The filing lists the sale method as Cash but does not state any use of proceeds by the issuer. It only documents the proposed sale mechanics and prior recent sale activity.
Which broker-dealer is listed on the Form 144 for this transaction?
The filing names Citigroup Global Markets, Inc. at 390 Greenwich St, New York, NY as the broker-dealer associated with the transaction and the listed share quantity is 40,000.