Giuseppe Gardali - 11 Mar 2024 Form 4 Insider Report for GAN Ltd (GAN)

Role
President, B2B
Signature
/s/ Jeffrey H. Kuras, Attorney-in-Fact
Issuer symbol
GAN
Transactions as of
11 Mar 2024
Net transactions value
-$4,111
Form type
4
Filing time
13 Mar 2024, 08:48:52 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 +6,032 +17% 41,772 11 Mar 2024 Direct F1
transaction GAN Ordinary Shares Tax liability $4,111 -2,835 -6.8% $1.45 38,937 11 Mar 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 -6,032 -33% $0.000000 12,063 11 Mar 2024 Ordinary Shares 6,032 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 6,032 RSUs into 6,032 GAN Limited ordinary shares on March 11, 2024.
F2 Represents ordinary shares withheld by the Issuer as payment of tax withholdings due upon vesting of RSUs.
F3 The RSUs were originally granted on March 11, 2022 and settled as to one-fourth of the shares on each of March 11, 2023 and 2024. The remaining RSUs will vest as to 25% annually on each of the anniversary dates of the award, and will be 100% vested on March 11, 2026.