Endre Nesset - Dec 1, 2022 Form 3 Insider Report for GAN Ltd (GAN)

Role
President, B2C
Signature
/s/ Jeffrey H. Kuras, Attorney-in-Fact
Stock symbol
GAN
Transactions as of
Dec 1, 2022
Transactions value $
$0
Form type
3
Date filed
12/9/2022, 03:05 PM
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GAN Ordinary Shares 2.5K Dec 1, 2022 Direct
holding GAN Ordinary Shares 81.8K Dec 1, 2022 By Eiketreet OU

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
holding GAN Employee Stock Option (right to buy) Dec 1, 2022 Ordinary Shares 13.3K $8.43 Direct F1
holding GAN Employee Stock Option (right to buy) Dec 1, 2022 Ordinary Shares 27.5K $17.89 Direct F2
holding GAN Employee Stock Option (right to buy) Dec 1, 2022 Ordinary Shares 27.6K $0.01 Direct F3
holding GAN Employee Stock Option (right to buy) Dec 1, 2022 Ordinary Shares 31.9K $0.01 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vested in full on September 1, 2022.
F2 The option was granted to the Reporting Person on May 4, 2021, and vested with respect to one-fourth of the shares on May 5, 2022; the remaining three-fourths of the shares will vest in equal monthly installments over the subsequent 36 months, subject to the reporting person's continued service.
F3 The option was granted to the Reporting Person on March 11, 2022, and subject to the reporting person's continued service, will vest with respect to one-fourth of the shares on March 11, 2023, and will vest with respect to the remaining three-fourths of the shares in equal monthly installments over the subsequent 36 months.
F4 The option was granted on March 11, 2022 and is fully vested.

Remarks:

Exhibit 24, Power of Attorney, is attached.