David Goldberg - Apr 5, 2023 Form 4 Insider Report for GAN Ltd (GAN)

Role
Director
Signature
/s/ Karen Flores, Attorney-in-Fact
Stock symbol
GAN
Transactions as of
Apr 5, 2023
Transactions value $
-$65,625
Form type
4
Date filed
5/25/2023, 04:19 PM
Previous filing
Jan 12, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAN Ordinary Shares Options Exercise +48.6K +103.07% 95.8K Apr 5, 2023 Direct F1
transaction GAN Ordinary Shares Disposed to Issuer -$65.6K -48.6K -50.76% $1.35 47.2K Apr 5, 2023 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 Award $0 +48.6K $0.00 48.6K Apr 5, 2023 Ordinary Shares 48.6K Direct F1, F2
transaction GAN Restricted Stock Units Options Exercise -48.6K -100% 0 Apr 5, 2023 Ordinary Shares 48.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represented a contingent right to receive one ordinary share of GAN Limited or the cash equivalent of such share. The Board of Directors approved the settlement of the RSUs for cash on April 5, 2023.
F2 The RSUs immediately vested upon grant.