Form 4: GAN Limited Interim CFO Settles Restricted Stock Units

Brian P. Chang, Interim CFO of GAN Limited, settled 16,511 Restricted Stock Units (RSUs) into ordinary shares on March 23, 2024, and had shares withheld for tax obligations.

Summary

• On March 23, 2024, Brian P. Chang, the Interim CFO of GAN Limited, settled 16,511 Restricted Stock Units (RSUs) into 16,511 ordinary shares.
• The company withheld 6,766 ordinary shares at a price of $1.31 to cover tax obligations related to the vesting of the RSUs.
• Following these transactions, Chang directly owns 35,570 ordinary shares and 49,531 RSUs.
• The RSUs were initially granted on August 1, 2023, and vest in equal annual installments on March 23 of 2025, 2026, and 2027.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting routine executive compensation and compliance with SEC regulations.

Future Outlook

The remaining RSUs will vest in equal annual installments on March 23 of 2025, 2026, and 2027.

Industry Context

This filing is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of shares related to existing compensation plans.

Key Dates