Brian P. Chang - 25 Nov 2022 Form 3 Insider Report for GAN Ltd (GAN)

Role
Interim CFO
Signature
/s/ Jeffrey H. Kuras, Attorney-in-Fact
Issuer symbol
GAN
Transactions as of
25 Nov 2022
Transactions value $
$0
Form type
3
Filing time
05 Dec 2022, 15:05:44 UTC
Next filing
05 Feb 2024
SEC
View on sec.gov

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
holding GAN Restricted Stock Units 25 Nov 2022 Ordinary Shares 10.1K Direct F1, F2
holding GAN Restricted Stock Units 25 Nov 2022 Ordinary Shares 28.3K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units ("RSUs") were granted on October 31, 2021 and will vest as to 25% annually on each of the anniversary dates of the award, and will be 100% vested on October 31, 2025.
F2 Each RSU represents a contingent right to receive one ordinary share of GAN Limited or the cash equivalent of such share.
F3 The RSUs were granted on March 11, 2022 and will vest as to 25% annually on each of the anniversary dates of the award, and will be 100% vested on March 11, 2026.

Remarks:

Exhibit 24, Power of Attorney, is attached.