WELCHER BLAKE 4

What Happened

• Blake Welcher, a director of Netlist, Inc. (NLST), sold 37,500 shares on March 17, 2026. The reported weighted average sale price was $1.66 per share, for total proceeds of $62,250. This was a sale (not a purchase or award) and therefore is typically a routine disposition rather than an endorsement of the company’s outlook.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 18, 2026 (appears timely).
• Price: weighted average $1.66; actual sale prices ranged from $1.6601 to $1.67 per share.
• Shares disposed: 37,500; proceeds: $62,250.
• Shares owned after transaction: not specified in the materials provided.
• Notable footnotes:
  • The sale was executed pursuant to a Rule 10b5-1 trading plan adopted Sept 12, 2025 (F1).
  • The filing reports a weighted average price and the filer can provide a breakdown of shares sold at each price in the stated range on request (F2).
  • The amount reported includes shares subject to unvested restricted stock units (RSUs) (F3).
• Filing timeliness: filed the day after the transaction; no late-filing indication in this summary.

Context

• This was an open‑market sale under a pre-established 10b5-1 plan, which often means the trades were scheduled in advance and not executed based on current, non-public company information. Sales are common and do not necessarily imply management sentiment about the company’s future.