Netlist, Inc. — Director's Dealing 2025

Dec 1, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETLIST INC (NLST)
CIK: 0001282631
Period of Report: 2025-11-26

Reporting Person: Cho Jun (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-26	Common Stock	A	150000	$0.00	Acquired	230000	Direct

Footnotes

F1: The shares subject to the restricted stock units (the "RSUs") vest over a period of four years, with 1/4 of such shares vesting on each anniversary of November 15, 2025. The shares will be delivered to the reporting person upon vesting of the RSUs. Each RSU represents a contingent right to receive one share of common stock.

F2: The amount reported includes shares subject to unvested restricted stock units.