Seamus M. Mcgill - 09 Mar 2022 Form 4 Insider Report for GAN Ltd (GAN)

Role: Director
Signature: /s/ Karen Flores, Attorney-in-Fact
Issuer symbol: GAN
Transactions as of: 09 Mar 2022
Net transactions value: +$12,550
Form type: 4
Filing time: 06 Sep 2022, 18:34:00 UTC
Previous filing: 22 Nov 2021
Next filing: 21 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GAN	Ordinary Shares	Options Exercise		+1,295	+2.6%		51,161	09 Mar 2022	Direct	F1
transaction	GAN	Ordinary Shares	Purchase	$12,550	+5,000	+9.8%	$2.51	56,161	01 Sep 2022	Direct

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	Restricted Stock Units	Options Exercise	$0	-1,295	-100%	$0.000000^*	0	09 Mar 2022	Ordinary Shares	1,295		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The RSUs were issued as director compensation. The transaction relates to the settlement of 1,295 RSU's into 1,295 GAN Limited ordinary shares on March 9, 2022.
F2	The RSU's were originally granted on March 9, 2021 and settle on the basis of 25% each calendar quarter during continued service.