GAN.Gan LTD

Form 4: GAN Ltd. Executive Giuseppe Gardali Reports Share Transactions

Sentiment:

SEC Form 4

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Giuseppe Gardali, President of B2B at GAN Ltd, reports the acquisition and disposal of ordinary shares related to the settlement of Restricted Stock Units (RSUs).

Summary

  • Giuseppe Gardali, President, B2B of GAN Limited, filed a Form 4 detailing changes in beneficial ownership.
  • On March 23, 2024, Gardali acquired 30,164 ordinary shares through the settlement of Restricted Stock Units (RSUs).
  • Also on March 23, 2024, 14,176 ordinary shares were disposed of to cover tax withholdings at a price of $1.31 per share.
  • Following these transactions, Gardali directly owns 54,925 ordinary shares.
  • He also holds 58,959 Restricted Stock Units (RSUs) from a grant on March 23, 2023, and 31,528 RSUs from a grant on August 1, 2023.
  • The RSUs vest 25% annually.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

The remaining RSUs will vest 25% annually on each of the anniversary dates of the award, and will be 100% vested on March 23, 2027.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it reflects insider activity related to executive compensation.

Key Dates

DateDescription
03/23/2023Date of original grant for 19,654 RSUs, vesting 25% annually with 100% vesting on March 23, 2027.
08/01/2023Date of original grant for 10,510 RSUs, vesting 25% annually with 100% vesting on March 23, 2027.
03/23/2024Date of transaction: Acquisition of 30,164 ordinary shares through RSU settlement and disposal of 14,176 shares for tax withholdings.
03/26/2024Date of signature of the report.
03/23/2025Next vesting date for RSUs granted on August 1, 2023.
03/23/2026Vesting date for RSUs granted on August 1, 2023.
03/23/2027Final vesting date for all RSUs.

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