Form 4: GAN Ltd CFO Brian Chang Reports Stock Transactions
SEC Form 4 Filing
GAN Ltd CFO Brian Chang reports the settlement of Restricted Stock Units (RSUs) and associated tax withholding.
Summary
- On October 31, 2024, Brian P Chang, CFO of GAN Ltd, reported transactions involving GAN Ltd ordinary shares.
- 2,535 Restricted Stock Units (RSUs) were settled into 2,535 ordinary shares.
- 905 ordinary shares were withheld by the issuer for payment of tax withholdings at a price of $1.8 per share.
- Following these transactions, Chang directly owns 49,373 ordinary shares and 2,535 RSUs.
- The RSUs were originally granted on October 31, 2021, and vest in four annual installments.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't inherently convey positive or negative sentiment about the company's performance.
Future Outlook
The remaining RSUs will vest on October 31, 2025.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect a significant event for GAN Ltd or the broader gaming industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders due to the change in the CFO's holdings.
Key Dates
| Date | Description |
|---|---|
| 10/31/2021 | Original grant date of the Restricted Stock Units (RSUs) |
| 10/31/2022 | First vesting date of the RSUs (one-fourth of the shares) |
| 10/31/2023 | Second vesting date of the RSUs (one-fourth of the shares) |
| 10/31/2024 | Date of reported transactions: settlement of RSUs and tax withholding |
| 10/31/2025 | Final vesting date of the RSUs |
| 11/06/2024 | Date of signature on the Form 4 filing |
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