---
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"
generated_at: "2026-06-04T02:43:32.262748+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GSI Technology sells Sunnyvale HQ for $11.85M, enters 10-year leaseback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-042802
- JSON: https://secwatch.observer/filing/0001104659-24-042802.json
- Plain text: https://secwatch.observer/filing/0001104659-24-042802.txt

## Key facts
- Material Agreements
  GSI TECHNOLOGY INC entered into the Agreement with D.R. Stephens & Company, LLC valued at $11.85 million (effective 2024-04-02).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: D.R. Stephens & Company, LLC
  - Value: $11.85 million
  - Effective: 2024-04-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1126741/000110465924042802/0001104659-24-042802-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.