Brian P. Chang - 11 Mar 2025 Form 4 Insider Report for GAN Ltd (GAN)

Role
CFO
Signature
/s/ Jeffrey H. Kuras, Attorney-in-Fact
Issuer symbol
GAN
Transactions as of
11 Mar 2025
Net transactions value
-$5,167
Form type
4
Filing time
12 Mar 2025, 16:29:50 UTC
Previous filing
04 Feb 2025
Next filing
24 Mar 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 +7,065 +11% 72,220 11 Mar 2025 Direct F1
transaction GAN Ordinary Shares Tax liability $5,167 -2,903 -4% $1.78 69,317 11 Mar 2025 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 -7,065 -50% $0.000000 7,065 11 Mar 2025 Ordinary Shares 7,065 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 March 11, 2025.
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 March 11, 2023, 2024, and 2025. The remaining RSUs will vest on March 11, 2026.