Director at GCT Semiconductor (NASDAQ: GCTS) granted 24,122 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shin Hyunsoo reported acquisition or exercise transactions in this Form 4 filing.
GCT Semiconductor Holding, Inc. director Hyunsoo Shin reported receiving a grant of 24,122 Restricted Stock Units (RSUs) of common stock on March 31, 2026 as equity compensation under the GCT 2024 Omnibus Incentive Compensation Plan. Each RSU represents one share of common stock after vesting, with no cash price paid for the award.
The number of RSUs was determined by dividing $27,500 by the fair market value per share of common stock, which was $1.14 on March 31, 2026, then rounding down to the nearest whole share. These RSUs vest on March 31, 2026, subject to continued service. Following this grant, Shin holds 804,809 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shin Hyunsoo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,122 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 804,809 shares (Direct)
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, 2025 through March 31, 2026 (beginning with the quarter ending June 30, 2025) by dividing $27,500 by the fair market value per share of Common Stock, which was determined to be $1.14 on March 31, 2026, rounded down to the nearest whole share. The RSUs will vest on March 31, 2026, subject to continued service through such date. No expiration date is applicable to restricted stock units.
Key Figures
RSU grant size: 24,122 RSUs
Grant value basis: $27,500
Fair market value per share: $1.14 per share
+2 more
5 metrics
RSU grant size
24,122 RSUs
Equity award to director on March 31, 2026
Grant value basis
$27,500
Numerator used to determine RSUs each quarter
Fair market value per share
$1.14 per share
Fair market value on March 31, 2026 used for RSU calculation
Shares after transaction
804,809 shares
Director’s total common shares following RSU award
Vesting date
March 31, 2026
RSUs vest on this date subject to continued service
Key Terms
Restricted Stock Units ("RSUs"), GCT 2024 Omnibus Incentive Compensation Plan, fair market value per share, vesting, +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."
vesting financial
"Each RSU represents the right to receive one share of common stock ... following vesting."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the 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 GCTS report for director Hyunsoo Shin?
GCT Semiconductor reported that director Hyunsoo Shin received 24,122 Restricted Stock Units (RSUs) of common stock as an equity award. The RSUs were granted under the GCT 2024 Omnibus Incentive Compensation Plan and represent future shares deliverable after vesting conditions are met.
How was the 24,122 RSU grant for GCTS director Shin calculated?
The RSU grant size was set by dividing $27,500 by the fair market value per share of GCT Semiconductor common stock. On March 31, 2026, that fair market value was $1.14 per share, and the result was rounded down to the nearest whole share to determine 24,122 RSUs.
When do Hyunsoo Shin’s GCTS RSUs vest and what is required?
The RSUs granted to director Hyunsoo Shin are scheduled to vest on March 31, 2026. Vesting is conditioned on his continued service with GCT Semiconductor through that date, after which each vested RSU converts into one share of common stock.
What does each RSU granted to the GCTS director represent?
Each Restricted Stock Unit represents the right to receive one share of GCT Semiconductor common stock following vesting. The RSUs do not require any cash payment from the director and are a form of stock-based compensation tied to continued service with the company.
What plan governs the RSU grant reported for GCTS director Shin?
The RSU grant to director Hyunsoo Shin was made under the GCT Semiconductor Holding, Inc. GCT 2024 Omnibus Incentive Compensation Plan. This plan provides for equity-based awards, including RSUs that deliver one share of common stock per unit upon vesting.