David Goldberg - 05 Apr 2023 Form 4 Insider Report for GAN Ltd (GAN)

Role
Director
Signature
/s/ Karen Flores, Attorney-in-Fact
Issuer symbol
GAN
Transactions as of
05 Apr 2023
Transactions value $
-$65,625
Form type
4
Filing time
25 May 2023, 16:19:28 UTC
Previous filing
12 Jan 2023
Next filing
03 Jan 2024
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 +48.6K +103.07% 95.8K 05 Apr 2023 Direct F1
transaction GAN Ordinary Shares Disposed to Issuer -$65.6K -48.6K -50.76% $1.35 47.2K 05 Apr 2023 Direct

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 Award $0 +48.6K $0.00 48.6K 05 Apr 2023 Ordinary Shares 48.6K Direct F1, F2
transaction GAN Restricted Stock Units Options Exercise -48.6K -100% 0 05 Apr 2023 Ordinary Shares 48.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represented a contingent right to receive one ordinary share of GAN Limited or the cash equivalent of such share. The Board of Directors approved the settlement of the RSUs for cash on April 5, 2023.
F2 The RSUs immediately vested upon grant.