0001104659-23-034111 4 1 20230315 20230317 20230317 SASAKI GAIL M 0001422990 4 34 001-33170 23744758 C/O NETLIST, INC. 51 DISCOVERY, STE 150 IRVINE CA 92618 ITOW GAIL MISAKO 20080107 NETLIST INC 0001282631 3674 954812784 DE 1231 111 ACADEMY, SUITE 100 IRVINE CA 92617 949-435-0025 111 ACADEMY, SUITE 100 IRVINE CA 92617 4 1 tm239856-2_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2023-03-15 0 0001282631 NETLIST INC NLST 0001422990 SASAKI GAIL M 111 ACADEMY, SUITE 100 IRVINE CA 92617 0 1 0 0 Vice President and CFO Common Stock 2023-03-15 4 S 0 10318 3.0686 D 393048 D Common Stock 2023-03-16 4 A 0 100000 0.00 A 493048 D Common Stock 2023-03-17 4 S 0 18417 3.2372 D 474631 D Common Stock 2023-03-17 4 S 0 50000 3.3345 D 424631 D Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.00 to $3.12 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. These restricted stock units (RSUs) granted on March 16, 2023 vest in installments of 25,000 beginning on March 16, 2024 one time per year through March 16, 2027. The shares will be delivered to the reporting person upon vesting of the RSUs. Each RSU represents a contingent right to receive one share of common stock. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.11 to $3.35 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple tranactions at prices ranging from $3.30 to $3.38 per share. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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. /s/ Gail M. Sasaki 2023-03-17