Netlist, Inc. — Director's Dealing 2025

Jun 26, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETLIST INC (NLST)
CIK: 0001282631
Period of Report: 2025-06-24

Reporting Person: Hong Chun K (Director, President, CEO and Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-24	Common Stock	P	4285715	$0.70	Acquired	7054382	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-24	Warrants (right to buy)	$0.70	P	8571430	Acquired	2030-06-25	Common Stock (8571430)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3611177	Indirect

Footnotes

F1: The Reporting Person purchased the shares and accompanying warrants at a combined purchase price of $0.70 per share and accompanying warrant pursuant to that certain Securities Purchase Agreement, dated as of June 24, 2025, by and among the Issuer and the investors signatory thereto.

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

F3: Each warrant has an exercise price of $0.70 per share (subject to adjustment in certain circumstances), became exercisable on the date of issuance and will expire five years from the date of issuance.