Anapass, Inc. - 26 Mar 2024 Form 4/A Insider Report for GCT Semiconductor Holding, Inc. (GCTS)

Role
10%+ Owner
Signature
/s/ JeeHye Kim, Chief Financial Officer
Issuer symbol
GCTS
Transactions as of
26 Mar 2024
Net transactions value
$0
Form type
4/A
Filing time
03 May 2024, 16:05:55 UTC
Date Of Original Report
27 Mar 2024
Next filing
27 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GCTS Common Stock Award $0 +7,275,863 $0.000000 7,275,863 26 Mar 2024 Direct F1

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 GCTS Private Placement Warrants Other $0 +937,350 $0.000000 937,350 26 Mar 2024 Common Stock 937,350 $11.50 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Business Combination Agreement, dated as of November 2, 2023 (the "Business Combination Agreement"), by and among Concord Acquisition Corp III, Gibraltar Merger Sub Inc., and GCT Semiconductor, Inc. ("GCT"), at the Effective Time (as defined in the Business Combination Agreement), each share of GCT common stock was automatically converted for the right to receive common stock, $0.0001 par value (the "Common Stock") of the Issuer in the manner set forth in the Business Combination Agreement.
F2 This Form 4/A is being filed to include the amount of Private Placement Warrants (as defined below) beneficially owned by Anapass, Inc., which was inadvertently omitted in the original Form 4 filed on March 27, 2024.
F3 Represents 937,350 private placement warrants (the "Private Placement Warrants") received by Anapass, Inc. that were allocated to certain Company Insider Recipients at GCT's discretion to incentivize investment. Each Private Placement Warrant entitles the holder to purchase one share of Common Stock for $11.50 per share, subject to adjustment.
F4 The Private Placement Warrants are currently exercisable and will expire five years after the Closing, as described in the Issuer's registration statement on Form S-4 (File No. 333-275522), as amended.