Brian P. Chang - Feb 2, 2025 Form 4 Insider Report for GAN Ltd (GAN)

Role
CFO
Signature
/s/ Jeffrey H. Kuras, Attorney-in-Fact
Stock symbol
GAN
Transactions as of
Feb 2, 2025
Transactions value $
-$20,798
Form type
4
Date filed
2/4/2025, 07:00 AM
Previous filing
Nov 6, 2024
Next filing
Mar 12, 2025
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 +26.8K +54.25% 76.2K Feb 2, 2025 Direct F1
transaction GAN Ordinary Shares Tax liability -$20.8K -11K -14.45% $1.89 65.2K Feb 2, 2025 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 -26.8K -33.33% $0.00 53.6K Feb 2, 2025 Ordinary Shares 26.8K 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 26,786 RSUs into 26,786 GAN Limited ordinary shares on February 2, 2025.
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 February 2, 2023 and settled as to one-fourth of the shares on each of February 2, 2024 and 2025. The remaining RSUs will vest as to one-fourth on each of February 2, 2026 and 2027.