Giuseppe Gardali - 23 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
23 Mar 2024
Net transactions value
-$18,571
Form type
4
Filing time
26 Mar 2024, 16:16:37 UTC
Previous filing
13 Mar 2024
Next filing
24 Jul 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 +30,164 +77% 69,101 23 Mar 2024 Direct F1
transaction GAN Ordinary Shares Tax liability $18,571 -14,176 -21% $1.31 54,925 23 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 -19,654 -25% $0.000000 58,959 23 Mar 2024 Ordinary Shares 19,654 Direct F1, F3
transaction GAN Restricted Stock Units Options Exercise $0 -10,510 -25% $0.000000 31,528 23 Mar 2024 Ordinary Shares 10,510 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 RSUs into GAN Limited ordinary shares on March 23, 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 23, 2023 and settled as to one-fourth of the shares on March 23, 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 23, 2027.
F4 The RSUs were originally granted on August 1, 2023 and settled as to one-fourth of the shares on March 23, 2024. The remaining RSUs will vest as to 25% annually on each of March 23, 2025, 2026, and 2027, and will be 100% vested on March 23, 2027.