Form 4: GCT Semiconductor Director Chan Nelson C Acquires 5,278 Shares of Common Stock

Director Chan Nelson C acquired 5,278 shares of GCT Semiconductor Holding, Inc. common stock on June 30, 2024, through Restricted Stock Units (RSUs) under the company's 2024 Omnibus Incentive Compensation Plan.

Summary

• On June 30, 2024, Chan Nelson C, a director of GCT Semiconductor Holding, Inc., acquired 5,278 shares of common stock.
• The acquisition was made through Restricted Stock Units (RSUs) granted under the company's GCT 2024 Omnibus Incentive Compensation Plan.
• The number of shares was determined by dividing $27,500 by the fair market value of the common stock ($5.21) as of June 28, 2024, and rounding down to the nearest whole share.
• The RSUs will vest on March 31, 2025, contingent upon continued service through that date.
• The reporting person directly owns 5,278 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock compensation. The director's acquisition could be interpreted as a slightly positive signal, but it's not a major event.

Positives

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

Future Outlook

The RSUs will vest on March 31, 2025, subject to continued service.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies and their insiders. They provide transparency into the transactions of company insiders, allowing investors to track ownership changes.

Stakeholder Impact

• Shareholders may view the director's stock acquisition as a positive sign of confidence in the company.

Key Dates