Form 4: GAN Ltd CFO Brian Chang Reports Share Transactions
SEC Form 4 Filing
Brian Chang, CFO of GAN Ltd, reports the settlement of Restricted Stock Units (RSUs) and associated tax withholding transactions.
Summary
- On March 11, 2025, Brian Chang, CFO of GAN Ltd, reported transactions involving GAN Ltd ordinary shares.
- These transactions included the settlement of 7,065 Restricted Stock Units (RSUs) into ordinary shares.
- Additionally, 2,903 ordinary shares were withheld by GAN Ltd to cover tax obligations related to the vesting of the RSUs at a price of $1.78 per share.
- Following these transactions, Chang directly owns 69,317 ordinary shares.
- Chang also directly owns 7,065 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine transaction report, so the sentiment is neutral.
Future Outlook
The remaining RSUs will vest on March 11, 2026.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/11/2022 | Original grant date of the Restricted Stock Units (RSUs) |
| 03/11/2023 | First vesting date of the RSUs (one-fourth of the shares) |
| 03/11/2024 | Second vesting date of the RSUs (one-fourth of the shares) |
| 03/11/2025 | Date of reported transactions: settlement of RSUs and tax withholding |
| 03/11/2026 | Final vesting date of the RSUs (one-fourth of the shares) |
| 03/12/2025 | Date of signature on the Form 4 filing |
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