Form 4: GCT Semiconductor Director Nelson Chan Receives Significant RSU Grant

GCT Semiconductor Holding, Inc. Director Nelson Chan was granted 18,456 Restricted Stock Units (RSUs) as part of the company's 2024 Omnibus Incentive Compensation Plan, vesting on March 31, 2026.

Summary

• Nelson Chan, a Director and Class I Director of GCT Semiconductor Holding, Inc. (GCTS), acquired 18,456 Restricted Stock Units (RSUs) on June 30, 2025.
• The RSUs were granted under the GCT 2024 Omnibus Incentive Compensation Plan.
• Each RSU represents the right to receive one share of GCTS common stock.
• The number of shares subject to the award is determined quarterly by dividing $27,500 by the fair market value per share of Common Stock, which was $1.49 on June 30, 2025, rounded down to the nearest whole share.
• The RSUs are scheduled to vest on March 31, 2026, contingent upon Mr. Chan's continued service through that date.
• Following this transaction, Nelson Chan beneficially owns a total of 60,512 shares of GCT Semiconductor Holding, Inc. common stock.

Sentiment

Score: 6

Explanation: The RSU grant is a standard compensation event, generally viewed as neutral to slightly positive as it aligns director interests with shareholders, without indicating any immediate operational or financial changes.

Positives

• The RSU grant aligns the director's financial interests with those of the shareholders, incentivizing long-term company performance.
• The grant is part of a structured and pre-approved GCT 2024 Omnibus Incentive Compensation Plan, indicating a formal approach to executive and director compensation.

Negatives

• The RSUs are not immediately liquid and are subject to a vesting period, meaning the director cannot realize their value until March 31, 2026.
• The ultimate value of the RSUs is dependent on the future market price of GCT Semiconductor Holding, Inc. common stock, introducing market risk.

Risks

• The vesting of the 18,456 RSUs is contingent upon Nelson Chan's continued service to GCT Semiconductor Holding, Inc. through March 31, 2026.
• The value of the RSUs, once vested, is subject to the fluctuating market price of GCT Semiconductor Holding, Inc. common stock.

Future Outlook

The future outlook for the granted RSUs is tied to Nelson Chan's continued service through March 31, 2026, at which point the RSUs are scheduled to vest and convert into common stock.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a common form of equity compensation in the technology and semiconductor industries, aiming to align the interests of executives and directors with those of shareholders by tying compensation to company performance and stock value.

Stakeholder Impact

• Shareholders: The RSU grant aims to align the director's long-term interests with shareholder value creation, as the value of the RSUs is tied to the company's stock performance.

Next Steps

• The RSUs are expected to vest on March 31, 2026, subject to Nelson Chan's continued service.

Key Dates

Keywords

GCT Semiconductor, GCTS, Form 4, SEC filing, Restricted Stock Units, RSU, equity compensation, director compensation, insider transaction, incentive plan, stock grant