Dermot S. Smurfit - Aug 29, 2022 Form 4 Insider Report for GAN Ltd (GAN)

Role
President, CEO, Director
Signature
/s/ Karen Flores, Attorney-in-Fact
Stock symbol
GAN
Transactions as of
Aug 29, 2022
Transactions value $
-$368,990
Form type
4
Date filed
8/31/2022, 04:13 PM
Previous filing
Mar 21, 2022
Next filing
Sep 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAN Ordinary Shares Options Exercise $131K +100K +5.88% $1.31 1.8M Aug 29, 2022 Direct
transaction GAN Ordinary Shares Sale -$290K -100K -5.56% $2.90 1.7M Aug 29, 2022 Direct F1
transaction GAN Ordinary Shares Options Exercise $196K +150K +8.83% $1.31 1.85M Aug 30, 2022 Direct
transaction GAN Ordinary Shares Sale -$406K -150K -8.11% $2.70 1.7M Aug 30, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GAN Option to Purchase Common Stock Options Exercise $0 -100K -24.7% $0.00 305K Aug 29, 2022 Ordinary Shares 100K $1.31 Direct F3
transaction GAN Option to Purchase Common Stock Options Exercise $0 -150K -49.21% $0.00 155K Aug 30, 2022 Ordinary Shares 150K $1.31 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $2.84 to $3.03. Upon request by the SEC staff, the issuer or any securityholder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
F2 The price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $2.64 to $2.86. Upon request by the SEC staff, the issuer or any securityholder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
F3 Immediately exercisable.