4/A: GCT Semiconductor Director Robert Barker Amends Ownership Disclosure
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Robert Barker, a director at GCT Semiconductor Holding, Inc., files an amendment to a previous Form 4, correcting details regarding stock options and common stock conversion following the business combination agreement.
Summary
- Robert Barker, a director at GCT Semiconductor Holding, Inc., filed an amended Form 4 with the SEC.
- The amendment corrects the expiration date of stock options and the amount of GCT common stock converted following the business combination agreement.
- The original transactions were reported on March 26, 2024.
- Barker directly owns 16,809 shares of common stock.
- He also holds options to buy 933 and 1,867 shares of common stock at an exercise price of $0.11.
- These options expire on April 19, 2029, and June 8, 2030, respectively.
- The shares subject to RSUs will vest in equal annual installments over a four (4) year period measured from December 11, 2023.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing correcting previously reported information. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The corrected information ensures accurate reporting of insider ownership, which is important for shareholder transparency.
Key Dates
| Date | Description |
|---|---|
| 11/02/2023 | Date of the Business Combination Agreement among Concord Acquisition Corp III, Gibraltar Merger Sub Inc., and GCT Semiconductor, Inc. |
| 12/11/2023 | Measurement date for vesting of restricted stock units (RSUs) in equal annual installments over a four-year period. |
| 03/26/2024 | Date of the original Form 4 filing that is being amended. |
| 03/26/2024 | Date of transaction involving common stock and stock options. |
| 04/19/2029 | Expiration date of stock options for 933 shares. |
| 06/08/2030 | Expiration date of stock options for 1,867 shares. |
| 04/14/2025 | Date of signature for the amended filing. |
Keywords
GCT Semiconductor, Form 4, Amendment, Stock Options, Common Stock, Robert Barker, Business Combination, Director, Ownership
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