Seamus M. Mcgill - 05 Oct 2024 Form 4 Insider Report for GAN Ltd (GAN)

Role: Chief Executive Officer, Director
Signature: /s/ Seamus McGill
Issuer symbol: GAN
Transactions as of: 05 Oct 2024
Net transactions value: -$47,344
Form type: 4
Filing time: 06 Nov 2024, 16:21:39 UTC
Previous filing: 03 Jan 2024
Next filing: 27 May 2025
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		+68,750	+67%		171,310	05 Oct 2024	Direct	F1
transaction	GAN	Ordinary Shares	Tax liability	$47,344	-27,054	-16%	$1.75	144,256	05 Oct 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	-68,750	-25%	$0.000000	206,250	05 Oct 2024	Ordinary Shares	68,750		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 68,750 RSU's into 68,750 GAN Limited ordinary shares on October 5, 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 October 5, 2023 and vest as to 25% annually on each of the anniversary dates of the award, and will be 100% vested on October 5, 2027.