Key facts
- This page summarizes Concord Sponsor Group III LLC's Form 4 filing for GCT Semiconductor Holding, Inc. (GCTS).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 28 Mar 2025, 16:00.
Concord Sponsor Group III LLC - 26 Mar 2025 Form 4 Insider Report for GCT Semiconductor Holding, Inc. (GCTS)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- GCTS
- Reported as of
- 26 Mar 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 28 Mar 2025, 16:00:15 UTC
- Prior SEC filing
- 28 Mar 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jason T. Simon, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Concord Sponsor Group III LLC filed Form 4 for GCT Semiconductor Holding, Inc. (GCTS) on 28 Mar 2025.
Change
- Previous filing in this sequence was filed on 28 Mar 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GCTS
transaction
Common Stock
Other
- Transaction value
- Shares
- -3,101,241
- Change %
- -83%
- Price
- Shares after
- 632,586
- Date
- 26 Mar 2025
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GCTS
transaction
Derivative
Warrant
Other
- Transaction value
- $0
- Shares
- -3,948,086
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 26 Mar 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,948,086
- Exercise price
- $11.50
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Concord Sponsor Group III LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Pro rata distribution from the Reporting Person to its members.
Footnote F2
Includes 532,190 shares of common stock that are subject to forfeiture on March 26, 2029 if the volume weighted average price of the Issuer's common stock does not trade above certain specified prices for any 20 trading day period within a period of 30 consecutive trading days prior to such date.
Footnote F3
The securities are held directly by the Reporting Person. The Reporting Person is governed by a board of managers consisting of three managers, Bob Diamond, David Schamis and Tim Kacani. Any action by the Reporting Person with respect to the issuer or the issuer's securities held by the Reporting Person, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three", because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of issuer's securities held by the Reporting Person, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on the Reporting Person's board of managers is deemed to have or share beneficial ownership of the founder shares held by the Reporting Person.
Footnote F4
These warrants became exercisable 30 days after the closing of the business combination (the "Closing"), on March 26, 2024, by and among the Issuer, Gibraltar Merger Sub Inc., a Delaware corporation, and GCT Semiconductors, Inc., a Delaware corporation, pursuant to a business combination agreement entered into on November 2, 2023, and will expire five years after the Closing.