Brian P. Chang - Feb 2, 2023 Form 4 Insider Report for GAN Ltd (GAN)

Role
Interim CFO
Signature
/s/ Jeffrey H. Kuras, Attorney-in-Fact
Stock symbol
GAN
Transactions as of
Feb 2, 2023
Transactions value $
-$16,793
Form type
4
Date filed
2/5/2024, 04:11 PM
Previous filing
Dec 5, 2022
Next filing
Apr 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAN Ordinary Shares Options Exercise +26.8K +458.35% 32.6K Feb 2, 2024 Direct F1
transaction GAN Ordinary Shares Tax liability -$16.8K -11K -33.64% $1.53 21.7K Feb 2, 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 Award $0 +107K $0.00 107K Feb 2, 2023 Ordinary Shares 107K Direct F3, F4
transaction GAN Restricted Stock Units Options Exercise $0 -26.8K -25% $0.00 80.4K Feb 2, 2024 Ordinary Shares 26.8K Direct F1, F4
* 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 26,786 RSUs into 26,786 GAN Limited ordinary shares on February 2, 2024.
F2 Represents ordinary shares withheld by the Issuer as payment of tax withholdings due upon vesting of RSUs.
F3 Each RSU represents a contingent right to receive one ordinary share of GAN Limited or the cash equivalent of such share.
F4 The RSUs vest as to 25% annually beginning on the one year anniversary of the date of grant, and will be 100% vested on February 2, 2027. The first vesting date was on February 2, 2024, and the RSUs settled as to one-fourth of the shares.