<SEC-DOCUMENT>0001104659-21-091227.txt : 20210712
<SEC-HEADER>0001104659-21-091227.hdr.sgml : 20210712
<ACCEPTANCE-DATETIME>20210712170029
ACCESSION NUMBER:		0001104659-21-091227
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210708
FILED AS OF DATE:		20210712
DATE AS OF CHANGE:		20210712

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SASAKI GAIL M
		CENTRAL INDEX KEY:			0001422990

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33170
		FILM NUMBER:		211086068

	MAIL ADDRESS:	
		STREET 1:		C/O NETLIST, INC.
		STREET 2:		51 DISCOVERY, STE 150
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618

	FORMER NAME:	
		FORMER CONFORMED NAME:	ITOW GAIL MISAKO
		DATE OF NAME CHANGE:	20080107

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETLIST INC
		CENTRAL INDEX KEY:			0001282631
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				954812784
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0101

	BUSINESS ADDRESS:	
		STREET 1:		175 TECHNOLOGY DRIVE, SUITE 150
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
		BUSINESS PHONE:		949-435-0025

	MAIL ADDRESS:	
		STREET 1:		175 TECHNOLOGY DRIVE, SUITE 150
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
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        <issuerName>NETLIST INC</issuerName>
        <issuerTradingSymbol>NLST</issuerTradingSymbol>
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            <rptOwnerName>SASAKI GAIL M</rptOwnerName>
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            <rptOwnerStreet1>175 TECHNOLOGY, SUITE 150</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>IRVINE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92618</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President and CFO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
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            <transactionDate>
                <value>2021-07-08</value>
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                <transactionShares>
                    <value>6718</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
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            <expirationDate>
                <value>2027-02-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>6718</value>
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    <footnotes>
        <footnote id="F1">This transaction was effected pursuant to a Rule 10b5-1 Plan.</footnote>
        <footnote id="F2">This option vested in 16 equal quarterly installments from May 14, 2017 to February 14, 2021.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Gail M. Sasaki</signatureName>
        <signatureDate>2021-07-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
