SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
CHUANG PATRICK T

(Last) (First) (Middle)
C/O GSI TECHNOLOGY, INC.
1213 ELKO DRIVE

(Street)
SUNNYVALE CA 94089

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/23/2024
3. Issuer Name and Ticker or Trading Symbol
GSI TECHNOLOGY INC [ GSIT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP, Memory Design
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 15,166 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) (1) 08/11/2024 Common Stock 40,000 5.23 D
Stock Option (right to buy) (1) 08/03/2025 Common Stock 40,000 4.98 D
Stock Option (right to buy) (1) 08/01/2026 Common Stock 40,000 4.99 D
Stock Option (right to buy) (1) 07/31/2027 Common Stock 40,000 7.26 D
Stock Option (right to buy) (1) 07/30/2028 Common Stock 40,000 6.7 D
Stock Option (right to buy) (1) 07/29/2029 Common Stock 40,000 8.3 D
Stock Option (right to buy) (2) 08/03/2030 Common Stock 40,000 5.83 D
Stock Option (right to buy) (3) 08/02/2031 Common Stock 40,000 5.58 D
Stock Option (right to buy) (4) 08/01/2032 Common Stock 40,000 4.08 D
Stock Option (right to buy) (1) 12/02/2032 Common Stock 20,000 2.27 D
Stock Option (right to buy) (5) 07/31/2033 Common Stock 40,000 4.39 D
Explanation of Responses:
1. The option is fully vested and exercisable.
2. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on June 2, 2024.
3. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on June 2, 2025.
4. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on June 2, 2026.
5. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on June 2, 2027.
/s/ Patrick T. Chuang by Douglas Schirle, Attorney-in-Fact 01/29/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
PATRICK T CHUANG
POWER OF ATTORNEY
FOR SECTION 16 REPORTING PURPOSES

Know all by these presents, that the undersigned hereby constitutes and appoints
each of Douglas Schirle and Benjamin G. Griebe, or any of them signing singly,
and with full power of substitution, as the undersigned's true and
lawful attorney-in-fact to:
(1) prepare, execute for and on behalf of the undersigned Forms 3, 4, and 5
in accordance with Section 16(a) of the Securities Exchange Act of 1934
and the rules thereunder, and any other forms or reports the undersigned
may be required to file in connection with the undersigned's ownership,
acquisition, or disposition of securities of GSI Technology, Inc.
(the "Company"),
(2) do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such Form 3,
4, or 5, or other form or report, and timely file such
form or report with the United States Securities and Exchange Commission
and any stock exchange or similar authority, and
(3) take any other action of any type whatsoever in connection with the
foregoing, which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by,
the undersigned, it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms and conditions
as such attorney-in-fact may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of
any of the rights and powers herein granted, as fully to all intents
and purposes as the undersigned might or could do if personally present,
 with full power of substitution or revocation, hereby ratifying and
confirming all that such attorney-in-fact, or such attorney-in-fact's
substitute or substitutes, shall lawfully do or cause to be done by virtue
 of this power of attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorney-in-fact, in serving
 in such capacity at the request of the undersigned, is not assuming, nor is
the Company assuming, any of the undersigned's responsibilities to
comply with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until
the undersigned is no longer required to file Forms 3, 4, and 5 with respect
to the undersigned's holdings of and transactions in securities issued by the
Company, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of JANUARY 26, 2024.
PATRICK T CHUANG