Sylvia Tiscareno - Jul 22, 2024 Form 4 Insider Report for GAN Ltd (GAN)

Role: Chief Legal Officer
Signature: /s/ Sylvia Tiscareno
Stock symbol: GAN
Transactions as of: Jul 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/24/2024, 08:08 PM
Previous filing: Apr 2, 2024
Next filing: Jul 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GAN	Ordinary Shares	Options Exercise		+26.1K	+23.62%		137K	Jul 22, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GAN	Restricted Stock Units	Award	$0	+104K		$0.00	104K	Jul 22, 2024	Ordinary Shares	104K		Direct	F2, F3
transaction	GAN	Restricted Stock Units	Options Exercise	$0	-26.1K	-25%	$0.00	78.3K	Jul 22, 2024	Ordinary Shares	26.1K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction relates to the settlement of RSUs into GAN Limited ordinary shares on July 22, 2024.
F2	Each RSU represents a contingent right to receive one ordinary share of GAN Limited or the cash equivalent of such share.
F3	Represents restricted stock units granted on July 22, 2024. 26,086 shares will vest immediately upon granting. 26,085 shares will vest on each of March 23, 2025, 2026, and 2027.