Form 4: GSI Technology Inc. Director Robert Yau Reports Stock Sales
SEC Form 4 Filing
Robert Yau, a director and officer of GSI Technology Inc., reported the sale of company stock in two transactions on May 15 and 16, 2024.
Summary
- Robert Yau, a director and officer of GSI Technology Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 15, 2024, Yau sold 3,590 shares of GSI Technology Inc. common stock at a price of $3.2 per share.
- On May 16, 2024, Yau sold 235 shares of GSI Technology Inc. common stock at a weighted average price of $3.2115 per share.
- Following these transactions, Yau indirectly owns 923,614 shares of GSI Technology Inc. common stock through a revocable trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by a company insider, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in the technology industry.
Stakeholder Impact
- The stock sales by a director may be perceived negatively by some shareholders, but the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Robert Yau sold 3,590 shares of GSI Technology Inc. common stock at $3.2 per share. |
| 05/16/2024 | Robert Yau sold 235 shares of GSI Technology Inc. common stock at a weighted average price of $3.2115 per share. |
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