{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-042802","form_type":"8-K","ticker":"GSIT","cik":"0001126741","company_name":"GSI TECHNOLOGY INC","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.375654+00:00","generated_at":"2026-06-04T02:43:32.262748+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"GSI Technology sells Sunnyvale HQ for $11.85M, enters 10-year leaseback","bullets":["Sale price $11.85M for 44,277 sq ft HQ; initial $250K deposit with 45-day diligence period.","Simultaneous 10-year leaseback at ~$90,768/month base rent, 3% annual escalation, two 5-year renewal options.","Buyer D.R. Stephens & Company; company retains occupancy as tenant under long-term lease.","Deposit refundable only during diligence; non-refundable after Go Forward Notice except for seller default.","Agreement includes customary representations, warranties, and closing conditions; no GAAP impact disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-042802","json":"https://secwatch.observer/filing/0001104659-24-042802.json","markdown":"https://secwatch.observer/filing/0001104659-24-042802.md","text":"https://secwatch.observer/filing/0001104659-24-042802.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1126741/000110465924042802/0001104659-24-042802-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1126741/000110465924042802/tm2410470d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:43:32.262748+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"057aed6e200931736769f821a095c2ee4904a9ee","claim":"GSI TECHNOLOGY INC entered into the Agreement with D.R. Stephens & Company, LLC valued at $11.85 million (effective 2024-04-02).","evidence_excerpt":"On April 2, 2024, GSI Technology, Inc. (the “Company”) entered into a purchase and sale agreement (the “Agreement”) with D.R. Stephens & Company, LLC, as purchaser, to sell the Company’s 1213 Elko Drive property in Sunnyvale, California (the “Sunnyvale Property”) for $11.85 million in cash.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126741/000110465924042802/0001104659-24-042802-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"D.R. Stephens & Company, LLC"},{"label":"Value","value":"$11.85 million"},{"label":"Effective","value":"2024-04-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}