Sylvia Tiscareno - 01 Apr 2024 Form 4 Insider Report for GAN Ltd (GAN)

Role: Chief Legal Officer
Signature: /s/ Sylvia Tiscareno
Issuer symbol: GAN
Transactions as of: 01 Apr 2024
Net transactions value: -$1,158
Form type: 4
Filing time: 02 Apr 2024, 17:29:04 UTC
Previous filing: 26 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		+3,890	+3.6%		111,342	01 Apr 2024	Direct	F1
transaction	GAN	Ordinary Shares	Tax liability	$1,158	-912	-0.82%	$1.27	110,430	01 Apr 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	-3,890	-33%	$0.000000	7,780	01 Apr 2024	Ordinary Shares	3,890		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 RSUs into GAN Limited ordinary shares on April 1, 2024.
F2	Represents ordinary shares withheld by the Issuer as payment of tax withholdings due upon vesting of RSUs.
F3	The RSUs were issued as a replacement grant on April 30, 2023. 3,890 RSUs settled immediately on the date of grant, and 3,890 RSUs settled on April 1, 2024. The remaining RSUs will vest as to 25% on each of April 1, 2025 and 2026, and will be 100% vested on April 1, 2026.