Form 4: GAN Ltd. Executive Gardali Giuseppe Reports Share Transactions
SEC Form 4
Giuseppe Gardali, President of B2B at GAN Ltd, 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, Giuseppe Gardali, President of B2B at GAN Ltd, settled 6,032 Restricted Stock Units (RSUs) into 6,032 ordinary shares.
- The company withheld 2,835 ordinary shares at a price of $1.45 per share to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Gardali directly owns 38,937 ordinary shares.
- The RSUs were initially granted on March 11, 2022, and vest in installments annually, with full vesting expected by March 11, 2026.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing 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 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the execution of a pre-existing compensation plan.
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 (25%). |
| 03/11/2024 | Second vesting date of the RSUs (25%) and settlement into ordinary shares. |
| 03/13/2024 | Date of the report filing. |
| 03/11/2026 | Final vesting date of the RSUs (100%). |
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