Endre Nesset - 23 Mar 2023 Form 4 Insider Report for GAN Ltd (GAN)

Role: President, B2C
Signature: /s/ Jeffrey H. Kuras, by Power of Attorney
Issuer symbol: GAN
Transactions as of: 23 Mar 2023
Net transactions value: +$935
Form type: 4
Filing time: 03 Dec 2024, 16:23:29 UTC
Previous filing: 03 Dec 2024
Next filing: 30 Aug 2023
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	$935	+93,535	+3741%	$0.0100	96,035	29 Nov 2024	Direct
holding	GAN	Ordinary Shares						81,846	23 Mar 2023	By Eiketreet OU

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	Employee Stock Option (right to buy)	Award	$0	+2,000		$0.000000	2,000	23 Mar 2023	Ordinary Shares	2,000	$0.0100	Direct	F1
transaction	GAN	Employee Stock Option (right to buy)	Award	$0	+8,000		$0.000000	8,000	23 Mar 2023	Ordinary Shares	8,000	$0.0100	Direct	F2
transaction	GAN	Employee Stock Option (right to buy)	Options Exercise	$0	-18,386	-67%	$0.000000	9,194	29 Nov 2024	Ordinary Shares	18,386	$0.0100	Direct	F3
transaction	GAN	Employee Stock Option (right to buy)	Options Exercise	$0	-31,859	-100%	$0.000000	0	29 Nov 2024	Ordinary Shares	31,859	$0.0100	Direct	F4
transaction	GAN	Employee Stock Option (right to buy)	Options Exercise	$0	-43,290	-48%	$0.000000	47,055	29 Nov 2024	Ordinary Shares	43,290	$0.0100	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option was granted on March 23, 2023 and is fully vested.
F2	The option was granted to the Reporting Person on March 23, 2023, and vested with respect to one-fourth of the shares on March 23, 2024; the remaining three-fourths of the shares will vest in equal monthly installments over the subsequent 36 months, subject to the reporting person's continued service.
F3	The option was granted to the Reporting Person on March 11, 2022, and vested with respect to one-fourth of the shares on March 11, 2023; the remaining three-fourths of the shares will vest in equal monthly installments over the subsequent 36 months, subject to the reporting person's continued service.
F4	The option was granted on March 11, 2022 and is fully vested.
F5	The option was granted to the Reporting Person on November 12, 2022, and vested with respect to one-fourth of the shares on November 12, 2023; the remaining three-fourths of the shares will vest in equal monthly installments over the subsequent 36 months, subject to the reporting person's continued service.