Netlist, Inc. — Director's Dealing 2025

Mar 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETLIST INC (NLST)
CIK: 0001282631
Period of Report: 2025-03-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-14	Common Stock	S	52046	$1.0503	Disposed	2871762	Direct
2025-03-17	Common Stock	S	41721	$1.1489	Disposed	2830041	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3611177	Indirect

Footnotes

F1: Represents the number of shares sold by the reporting person to cover tax withholding obligation in connection with the vesting of restricted stock units. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the reporting person.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.05 to $1.06 per share. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The amount reported includes shares subject to unvested restricted stock units.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.13 to $1.20 per share. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.