Brian P. Chang - 31 Oct 2023 Form 4 Insider Report for GAN Ltd (GAN)

Role
Interim CFO
Signature
/s/ Jeffrey H. Kuras, Attorney-in-Fact
Issuer symbol
GAN
Transactions as of
31 Oct 2023
Transactions value $
-$825
Form type
4
Filing time
16 Nov 2023, 16:12:18 UTC
Previous filing
30 Aug 2023
Next filing
13 Mar 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 +2.54K +60.57% 6.72K 31 Oct 2023 Direct F1
transaction GAN Ordinary Shares Tax liability -$825 -876 -13.04% $0.94 5.84K 31 Oct 2023 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 -2.54K -33.33% $0.00 5.07K 31 Oct 2023 Ordinary Shares 2.54K 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 2,535 RSUs into 2,535 GAN Limited ordinary shares on October 31, 2023.
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 October 31, 2021 and settled as to one-fourth of the shares on each of October 31, 2022 and 2023. The remaining RSUs will vest as to 25% annually on each of the anniversary dates of the award, and will be 100% vested on October 31, 2025.