GSI Tech CEO Shu Reports 12.8% Stake, 3.35M Shares

TL;DR

**GSIT CEO Shu still owns 12.8% of the company, holding over 3.35 million shares.**

AI Summary

Lee-Lean Shu, the CEO of GSI Technology Inc. (GSIT), filed an amended SC 13G/A on February 7, 2024, reporting a beneficial ownership of 3,354,302 shares of common stock as of December 31, 2023. This represents 12.8% of the company's outstanding shares, a slight decrease from previous filings. This matters to investors because it shows the CEO's continued significant stake in the company, indicating alignment with shareholder interests, but also a minor reduction in his overall percentage ownership.

Why It Matters

This filing updates the public on the CEO's significant ownership stake, which can influence corporate governance and strategic decisions, and provides transparency into insider holdings.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant insider ownership, which generally reduces risk by aligning management with shareholder interests.

Analyst Insight

Investors should note the continued significant insider ownership by CEO Lee-Lean Shu, which can be a positive signal for long-term commitment, but also be aware of any future changes in his stake as reported in subsequent filings.

Key Numbers

• 3,354,302 — Aggregate Shares Beneficially Owned (Total shares of GSI Technology Inc. common stock owned by Lee-Lean Shu as of December 31, 2023.)
• 12.8% — Percent of Class (Percentage of GSI Technology Inc. common stock beneficially owned by Lee-Lean Shu.)
• 2,732,417 — Sole Voting Power Shares (Shares over which Lee-Lean Shu has sole voting and dispositive power.)
• 621,885 — Shared Voting Power Shares (Shares over which Lee-Lean Shu has shared voting and dispositive power.)
• December 31, 2023 — Date of Event (The date on which the ownership requiring this filing was determined.)

Key Players & Entities

• Lee-Lean Shu (person) — Reporting Person, CEO of GSI Technology Inc.
• GSI Technology Inc. (company) — Name of Issuer
• United States (company) — Citizenship of Reporting Person
• SEC (company) — Securities and Exchange Commission

Forward-Looking Statements

• Lee-Lean Shu will maintain a significant ownership stake in GSI Technology Inc. above 10% for the foreseeable future. (Lee-Lean Shu) — high confidence, target: December 31, 2024
• The high insider ownership by the CEO will continue to align management's interests with long-term shareholder value. (GSI Technology Inc.) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm245377d1_sc13ga.htm (SC 13G/A) — 54KB
• 0001104659-24-011606.txt ( ) — 56KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,354,302(1)(2) (b) Percentage of Class: 12.8% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 2,732,417(1) (ii) Shared power to vote or to direct the vote: 621,885(2) (iii) Sole power to dispose or to direct the disposition of: 2,732,417(1) (iv) Shared power to dispose or to direct the disposition of: 621,885(2)

Ownership

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following Not applicable.

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. (1) Includes (i) 1,982,417 shares owned directly and (ii) options to purchase 750,000 shares of Common Stock that are exercisable within 60 days of December 31, 2023. (2) Includes (i) 13,600 shares held by Mr. Shu’s children, (ii) 530,939 shares held by Mr. Shu’s spouse, and (iii) 77,346 shares of Common Stock issuable upon exercise of options held by his spouse that are exercisable within 60 days of December 31, 2023. Mr. Shu disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. 4 CUSIP No. 36241U106

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. Not applicable. 5 CUSIP No. 36241U106 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 7, 2024 Date /s/ Lee-Lean Shu Signature Lee-Lean Shu Name/Title 6

View Full Filing

View this SC 13G/A filing on SEC EDGAR