CFO Sells Over $452K in Stock Following Option Exercise
GSIT has more than doubled off its 52-week low of $2.82 on elevated volume (3.3× avg).
Summary
GSI Technology's CFO sold 40,000 shares of common stock for over $452,000 after exercising options, continuing a recent trend of insider sales.
Key Events · Ownership and Investor Activity · GSIT
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CFO Sells Shares
Douglas Schirle, the Chief Financial Officer, sold 40,000 shares of common stock for a total value of $452,928.00 at an average price of $11.32 per share.
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Option Exercise Precedes Sale
Prior to the sale, the CFO exercised options to acquire 40,000 shares at a price of $4.99 per share, totaling $199,600.00.
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Part of Ongoing Insider Distribution
This transaction is consistent with a pattern of insider sales at GSI Technology, with over $4 million in net insider selling reported in the last 90 days.
Analysis · GSIT · Manufacturing
The Chief Financial Officer's sale of shares, even after exercising options, is a notable event as it reduces direct insider ownership. This transaction contributes to a broader trend of insider distribution observed over the past 90 days, which could be interpreted by investors as a lack of conviction or a need for liquidity among key executives.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GSIT was trading at $10.65 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $393M. The 52-week trading range was $2.82 to $18.15. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.