4/A: GCT Semiconductor CEO John Schlaefer Amends Form 4 Filing to Correct Stock Option Expiration Dates
SEC Form 4/A (Amendment)
John Schlaefer, CEO of GCT Semiconductor Holding, Inc., filed an amendment to his Form 4 to correct the expiration dates of stock options previously reported on March 26, 2024.
Summary
- John Schlaefer, the President, CEO & Class III Director of GCT Semiconductor Holding, Inc., filed an amended Form 4 with the SEC.
- The amendment corrects the expiration dates of stock options previously reported in a Form 4 filing on March 26, 2024.
- The original filing and the amendment relate to transactions that occurred on March 26, 2024, following the business combination between Concord Acquisition Corp III and GCT Semiconductor, Inc.
- The transactions involve the conversion of GCT common stock and stock options into GCT Semiconductor Holding, Inc. common stock and options.
- Schlaefer's holdings include common stock and stock options with varying vesting schedules and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing amendment, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of stock option expiration dates ensures accurate information for shareholders and potential investors.
Key Dates
| Date | Description |
|---|---|
| November 2, 2023 | Date of the Business Combination Agreement between Concord Acquisition Corp III, Gibraltar Merger Sub Inc., and GCT Semiconductor, Inc. |
| December 11, 2023 | Date from which the shares subject to RSUs will vest in equal annual installments over a four (4) year period. |
| January 1, 2015 | Start date for vesting of some stock options. |
| January 1, 2016 | Start date for monthly vesting installments for some stock options. |
| January 1, 2018 | Start date for vesting of some stock options. |
| January 1, 2019 | Start date for vesting of some stock options. |
| January 1, 2020 | Start date for vesting of some stock options. |
| January 1, 2021 | Start date for monthly vesting installments for some stock options. |
| March 26, 2024 | Date of the transactions reported in the original Form 4 and the amended Form 4. |
| February 27, 2025 | Corrected expiration date of some stock options. |
| March 14, 2028 | Expiration date of some stock options. |
| April 19, 2029 | Expiration date of some stock options. |
| June 8, 2030 | Expiration date of some stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.