Form 4: GCT Semiconductor Director Acquires Shares Through Restricted Stock Units

Director Jeffrey Tuder acquired 8,208 shares of GCT Semiconductor Holding, Inc. through restricted stock units on September 30, 2024.

Summary

• Jeffrey Tuder, a Class III Director at GCT Semiconductor Holding, Inc., acquired 8,208 shares of common stock through restricted stock units (RSUs).
• The RSUs were granted on September 30, 2024, and are payable in common stock following vesting.
• The number of shares awarded was determined by dividing $27,500 by the fair market value of the common stock on September 30, 2024, which was $3.35 per share.
• The RSUs will vest on March 31, 2025, subject to continued service through that date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock units will vest on March 31, 2025, subject to continued service.

Industry Context

This is a standard practice for compensating directors and aligning their interests with those of shareholders in the semiconductor industry.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice in the technology and semiconductor industries.
• Companies like AMD, Nvidia, and Intel also use equity-based compensation to incentivize their directors and align their interests with shareholders.
• The vesting period of the RSUs, which is until March 31, 2025, is also typical for such grants.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

GCT Semiconductor, restricted stock units, RSU, insider trading, share acquisition, director, equity compensation