Form 4: GAN Limited Interim CFO Brian Chang Reports Share Transactions

Interim CFO of GAN Limited, Brian Chang, reports the settlement of Restricted Stock Units (RSUs) and subsequent tax withholding, resulting in changes to his beneficial ownership of ordinary shares.

Summary

• On March 11, 2024, Brian Chang, Interim CFO of GAN Limited, settled 7,066 Restricted Stock Units (RSUs) into 7,066 ordinary shares.
• The company withheld 2,895 ordinary shares at a price of $1.45 per share to cover tax obligations related to the vesting of the RSUs.
• Following these transactions, Chang directly owns 25,825 ordinary shares.
• He also holds 14,130 unvested Restricted Stock Units (RSUs) that will vest annually until March 11, 2026.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The remaining RSUs will vest as to 25% annually on each of the anniversary dates of the award, and will be 100% vested on March 11, 2026.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates