Sylvia Tiscareno - 26 Jan 2024 Form 4 Insider Report for GAN Ltd (GAN)

Role
Chief Legal Officer
Signature
/s/ Sylvia Tiscareno
Issuer symbol
GAN
Transactions as of
26 Jan 2024
Net transactions value
-$8,848
Form type
4
Filing time
30 Jan 2024, 16:30:30 UTC
Previous filing
30 Aug 2023
Next filing
26 Mar 2024
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 +19,133 +35% 73,596 26 Jan 2024 Direct F1
transaction GAN Ordinary Shares Tax liability $8,848 -5,672 -7.7% $1.56 67,924 26 Jan 2024 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 Restricted Stock Units Options Exercise $0 -19,133 -33% $0.000000 38,265 26 Jan 2024 Ordinary Shares 19,133 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction relates to the settlement of 19,133 restricted stock units ("RSUs") into 19,133 GAN Limited ordinary shares on January 26, 2024.
F2 Represents ordinary shares withheld by the Issuer as payment of tax withholdings due upon vesting of RSUs.
F3 The RSU's were originally granted on January 26, 2022 and settled as to one-fourth of the shares on each of January 26, 2023 and January 26, 2024, with the remaining shares settling as to one-fourth on each of January 26, 2025 and 2026.