GCT Semiconductor (GCTS) director Nelson Chan receives 9,259 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chan Nelson reported acquisition or exercise transactions in this Form 4 filing.
GCT Semiconductor Holding, Inc. director Nelson Chan received an equity grant of 9,259 shares of Common Stock in the form of restricted stock units (RSUs). The award was granted at no cash cost and was issued under the GCT 2024 Omnibus Incentive Compensation Plan as part of director compensation.
The number of RSUs for this period was determined by dividing $27,500 by the fair market value per share of Common Stock, which was $2.97 on June 30, 2026, and rounding down. All RSUs from this award are scheduled to vest on March 31, 2027, subject to continued service. Following this grant, Chan’s reported direct holdings total 134,901 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chan Nelson
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,259 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 134,901 shares (Direct, null)
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") acquired pursuant to the terms of the GCT Semiconductor Holding, Inc. (the "Issuer") GCT 2024 Omnibus Incentive Compensation Plan. Each RSU represents the right to receive one share of common stock, par value $0.0001 per share ("Common Stock") of the Issuer following vesting. The number of shares subject to and issuable under the award is determined on the last day of each calendar quarter during the period April 1, 2026 through March 31, 2027 (beginning with the quarter ending June 30, 2026) by dividing $27,500 by the fair market value per share of Common Stock, which was determined to be $2.97 on June 30, 2026, rounded down to the nearest whole share. The RSUs will vest on March 31, 2027, subject to continued service through such date. No expiration date is applicable to restricted stock units.
Key Figures
RSUs granted: 9,259 shares
Quarterly award value: $27,500
Fair market value per share: $2.97
+3 more
6 metrics
RSUs granted
9,259 shares
Restricted Stock Units of Common Stock granted to director
Quarterly award value
$27,500
Value divided by fair market value per share each quarter
Fair market value per share
$2.97
Fair market value of Common Stock on June 30, 2026
Post-transaction holdings
134,901 shares
Total Common Stock directly held after the RSU grant
Vesting date
March 31, 2027
RSUs vest on this date, subject to continued service
Award period
April 1, 2026–March 31, 2027
Calendar quarters over which award share counts are determined
Key Terms
Restricted Stock Units ("RSUs"), GCT 2024 Omnibus Incentive Compensation Plan, fair market value per share, vest, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") acquired pursuant to the terms of the GCT Semiconductor Holding, Inc."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
GCT 2024 Omnibus Incentive Compensation Plan financial
"acquired pursuant to the terms of the GCT Semiconductor Holding, Inc. (the "Issuer") GCT 2024 Omnibus Incentive Compensation Plan."
vest financial
"The RSUs will vest on March 31, 2027, subject to continued service through such date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"No expiration date is applicable to restricted stock units."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did GCT Semiconductor (GCTS) director Nelson Chan report?
Nelson Chan reported receiving 9,259 RSUs of GCT Semiconductor Common Stock. These restricted stock units were granted at no cash cost under the company’s 2024 Omnibus Incentive Compensation Plan as part of his director compensation and will convert into shares after vesting.
How was the number of RSUs for GCT Semiconductor (GCTS) director Nelson Chan determined?
The award size is based on a quarterly value of $27,500. The number of RSUs for each quarter is calculated by dividing $27,500 by the fair market value per share, which was $2.97 on June 30, 2026, then rounding down to the nearest whole share.
When do Nelson Chan’s GCT Semiconductor (GCTS) RSUs vest?
All of Nelson Chan’s reported RSUs vest on March 31, 2027. Vesting is conditioned on his continued service through that date, meaning the shares will be delivered only after this vesting date is reached under the plan terms.
What is Nelson Chan’s total reported GCT Semiconductor (GCTS) holding after this grant?
After the RSU grant, Nelson Chan reports holding 134,901 shares of Common Stock. This figure represents his direct ownership position as disclosed in the Form 4 immediately following the award transaction.
What plan governs the RSU grant to GCT Semiconductor (GCTS) director Nelson Chan?
The RSU grant was made under the GCT 2024 Omnibus Incentive Compensation Plan. This plan provides for equity-based awards, and each RSU represents the right to receive one share of GCT Semiconductor Common Stock after vesting conditions are satisfied.