GDEV Inc. (GDEV) director granted 7,906 fully vested stock options

Rhea-AI Filing Summary

GDEV Inc. director Andrew Jeremy Sheppard reported receiving a grant of stock options for 7,906 underlying ordinary shares. The options are fully vested and exercisable at an exercise price of $0.00 per share and expire on November 16, 2031. Following this grant, Sheppard holds stock options covering 7,906 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sheppard Andrew Jeremy

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	7,906	$0.00	--

Holdings After Transaction: Stock Option — 7,906 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options granted: 7,906 options Underlying shares: 7,906 shares Exercise price: $0.00 per share +2 more

5 metrics

Options granted 7,906 options Stock option grant to director Andrew Sheppard

Underlying shares 7,906 shares Ordinary shares underlying the stock options

Exercise price $0.00 per share Exercise price of the granted stock options

Expiration date November 16, 2031 Option expiration for Sheppard’s grant

Options held after grant 7,906 options Total stock options following the reported transaction

Key Terms

Stock Option, fully vested, exercise price, Ordinary Shares, +1 more

5 terms

Stock Option financial

"The stock option is fully vested and exercisable."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

fully vested financial

"The stock option is fully vested and exercisable."

exercise price financial

"conversion_or_exercise_price": "0.0000""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

Ordinary Shares financial

"underlying_security_title": "Ordinary Shares""

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:16 PM Accepted by SEC EDGAR 07/01/2026 - 04:16 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sheppard Andrew Jeremy

(Last) (First) (Middle)

C/O GDEV INC.

55, GRIVA DIGENI

(Street)

LIMASSOL 3101

(City) (State) (Zip)

CYPRUS

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$0	06/30/2026		A		7,906		(1)	11/16/2031	Ordinary Shares	7,906	$0	7,906	D

Explanation of Responses:

1. The stock option is fully vested and exercisable.

	/s/ Olga Koveza, Attorney-in-Fact	07/01/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did GDEV (GDEV) director Andrew Sheppard report?

Andrew Sheppard reported receiving a grant of 7,906 stock options. These options are fully vested, give rights to 7,906 ordinary shares at a $0.00 exercise price, and represent compensation rather than an open-market purchase or sale.

How many GDEV stock options were granted to Andrew Sheppard?

Andrew Sheppard was granted 7,906 stock options. Each option is linked to one GDEV ordinary share, so the award covers 7,906 underlying shares and is fully vested and exercisable from the grant date according to the disclosure.

What is the exercise price of Andrew Sheppard’s GDEV stock options?

The exercise price of Andrew Sheppard’s stock options is $0.00 per share. This means he can acquire up to 7,906 GDEV ordinary shares without paying an additional per-share price when exercising the options before expiration.

When do Andrew Sheppard’s GDEV stock options expire?

The stock options granted to Andrew Sheppard expire on November 16, 2031. He can exercise these fully vested options any time before that expiration date to receive up to 7,906 GDEV ordinary shares, as stated in the Form 4.

Are Andrew Sheppard’s newly granted GDEV stock options vested?

Yes, the stock options granted to Andrew Sheppard are fully vested and exercisable. A footnote specifies that the entire 7,906-option grant is immediately exercisable, so no additional service or time-based vesting is required.

Does the Form 4 show any GDEV share sales or purchases by Andrew Sheppard?

The Form 4 reports only a grant of 7,906 stock options to Andrew Sheppard. It does not show any open-market purchases or sales of GDEV common shares, focusing solely on this compensation-related option award.