GSI Technology grants stock options to executives as part of cost reduction initiatives

GSI TECHNOLOGY INC

CEO Lee-Lean Shu granted 150,000 options; CFO Douglas Schirle and VP Sales Didier Lasserre each granted 20,000 options.
Options granted under 2016 Equity Incentive Plan, vest fully on December 1, 2024.
Grants offset prior salary reductions: CEO 30% cut, other officers 10% cut announced Nov 2022.

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