Director Shoham Tal reports fully vested 10,654-share stock option in GDEV (GDEV)

Rhea-AI Filing Summary

GDEV Inc. director Shoham Tal filed an initial ownership report showing a fully vested stock option. The option gives the right to acquire 10,654 Ordinary Shares at an exercise price of $0.0000 per share and expires on November 16, 2031. These derivative securities are held directly and represent a pre-existing position, with no new buy or sell transaction reported.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Shoham Tal

(Last) (First) (Middle)

C/O GDEV INC.

55, GRIVA DIGENI

(Street)

LIMASSOL 3101

(City) (State) (Zip)

CYPRUS

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
GDEV Inc. [ GDEV ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	(1)	11/16/2031	Ordinary Shares	10,654	$0	D

Explanation of Responses:

1. The stock option is fully vested and exercisable.

Remarks:

Exhibit 24 - Power of Attorney.

	/s/ Olga Koveza, Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position did Shoham Tal report in GDEV (GDEV) on Form 3?

Shoham Tal reported a fully vested stock option linked to 10,654 GDEV Ordinary Shares. This option reflects an existing derivative holding, not a new transaction, and establishes Tal’s baseline equity-linked position as a director of GDEV Inc.

Does the GDEV (GDEV) Form 3 show any insider buying or selling by Shoham Tal?

The Form 3 does not show insider buying or selling. It reports a holding of stock options only, with no purchases, sales, exercises, or dispositions, indicating this is an initial ownership disclosure rather than a trading activity report.

What are the key terms of Shoham Tal’s GDEV stock option reported on Form 3?

The stock option is fully vested and exercisable for 10,654 Ordinary Shares at an exercise price of $0.0000 per share. It has an expiration date of November 16, 2031, giving long-dated exposure to GDEV equity.

How is Shoham Tal’s GDEV stock option position characterized in terms of ownership?

The stock option position is reported as directly owned. The filing lists 10,654 underlying Ordinary Shares tied to the option as a direct holding, with no indication of trusts, entities, or indirect ownership structures in the provided disclosure.

What does the fully vested status of the GDEV stock option mean for Shoham Tal?

Fully vested means Shoham Tal can exercise the option for 10,654 Ordinary Shares at any time until expiry. There are no additional service or performance conditions outstanding, making the option immediately exercisable under its terms.