Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GCTS | Common Stock, par value $0.0001 per share | Award | $0 | +868K | $0.00 | 868K | Mar 26, 2024 | Direct | F1 | |
transaction | GCTS | Common Stock, par value $0.0001 per share | Award | $0 | +93.4K | $0.00 | 93.4K | Mar 26, 2024 | Direct | F2 | |
holding | GCTS | Common Stock, par value $0.0001 per share | 4.15K | Mar 26, 2024 | Spouse |
Id | Content |
---|---|
F1 | Pursuant to the Business Combination Agreement, dated as of November 2, 2023 (the "Business Combination Agreement"), by and among Concord Acquisition Corp III, Gibraltar Merger Sub Inc., and GCT Semiconductor, Inc. ("GCT"), at the Effective Time (as defined in the Business Combination Agreement), each share of GCT common stock was automatically converted for the right to receive common stock of the Issuer in the manner set forth in the Business Combination Agreement. |
F2 | Represents the Issuer's common stock subject to restricted stock units (RSUs). Pursuant to the Business Combination Agreement, at the Effective Time (as defined in the Business Combination Agreement), each award of restricted stock units relating to a share of GCT common stock granted under GCT's existing equity plans was automatically converted into an award of restricted stock units covering the number of shares of the common stock of the Issuer in the manner set forth in the Business Combination Agreement. The shares subject to RSUs reported herein will vest in equal annual installments over a four (4) year period measured from December 11, 2023. |