GCT Semiconductor Insider Filing: 555 Shares Distributed to CEO
Rhea-AI Filing Summary
John Schlaefer, President, CEO and Class III Director of GCT Semiconductor Holding, Inc. (GCTS), received a distribution of 555 shares of common stock on 09/26/2025 from Parakletos @ Venture Millennium Fund LP for no consideration. After the transaction the reporting person beneficially owns 202,728 shares, held directly. The Form 4 was signed by an attorney-in-fact, Edmond Cheng, on 09/30/2025. The filing documents an insider acquisition that modestly increases the reporting person’s direct stake in the company.
Positive
- Reporting person increased direct beneficial ownership by 555 shares to a total of 202,728 shares
- Transaction disclosed with explanation that shares were a distribution from Parakletos @ Venture Millennium Fund LP
Negative
- None.
Insights
TL;DR: Insider received a small distribution of shares, modestly increasing direct ownership to 202,728 shares.
The Form 4 shows a non‑cash distribution of 555 common shares to the reporting person on 09/26/2025, recorded under code J(1). This is an acquisition recorded as a distribution from Parakletos @ Venture Millennium Fund LP rather than a purchase. The transaction increases direct beneficial ownership to 202,728 shares. There is no exercise, sale, option activity or cash consideration disclosed. For investors, this is a routine insider ownership adjustment rather than a material capital or compensation event.
TL;DR: Filing documents a standard distribution to an officer/director; disclosure appears complete and properly executed.
The Form 4 identifies the reporting person as President, CEO and Class III Director and reports the acquisition type and resulting holdings. The explanation clarifies the shares were a distribution from a fund to the reporting person. The form is signed by an attorney‑in‑fact, consistent with permitted reporting procedures. No indications of compensatory grants, derivative instruments, or disposals are present in this filing.