Yoon David 4

Accession 0000929638-24-001258

CIK 0001851961other

View on SEC.gov Company Profile

Filed

Mar 26, 8:00 PM ET

Accepted

Mar 27, 6:59 PM ET

Size

19.8 KB

Accession

0000929638-24-001258

Insider Transaction Report

Form 4

Period: 2024-03-26

Concord Acquisition Corp IIIGCTS

Yoon David

Vice President of Finance

Transactions

Award
Common Stock, par value $0.0001 per share
2024-03-26+30,093→ 30,093 total
Award
Common Stock, par value $0.0001 per share
2024-03-26+8,204→ 8,204 total
Award
Stock Option (Right to Buy)
2024-03-26+13,540→ 13,540 total
Exercise: $0.11Exp: 2029-01-01→ Common Stock (13,540 underlying)
Award
Stock Option (Right to Buy)
2024-03-26+20,543→ 20,543 total
Exercise: $0.11Exp: 2030-01-01→ Common Stock (20,543 underlying)
Award
Stock Option (Right to Buy)
2024-03-26+18,676→ 18,676 total
Exercise: $0.11Exp: 2031-01-01→ Common Stock (18,676 underlying)
Award
Stock Option (Right to Buy)
2024-03-26+6,536→ 6,536 total
Exercise: $0.11Exp: 2025-01-01→ Common Stock (6,536 underlying)
Award
Stock Option (Right to Buy)
2024-03-26+9,431→ 9,431 total
Exercise: $0.11Exp: 2028-01-01→ Common Stock (9,431 underlying)

Footnotes (8)

[F1]Pursuant to the Business Combination Agreement, dated as of November 2, 2023 (the "Business Combination Agreement"), by and among Concord Acquisition Corp III, Gibraltar Merger Sub Inc., and GCT Semiconductor, Inc. ("GCT"), at the Effective Time (as defined in the Business Combination Agreement), each share of GCT common stock was automatically converted for the right to receive common stock of the Issuer in the manner set forth in the Business Combination Agreement.
[F2]Represents the Issuer's common stock subject to restricted stock units (RSUs). Pursuant to the Business Combination Agreement, at the Effective Time (as defined in the Business Combination Agreement), each award of restricted stock units relating to a share of GCT common stock granted under GCT's existing equity plans was automatically converted into an award of restricted stock units covering the number of shares of the common stock of the Issuer in the manner set forth in the Business Combination Agreement. The shares subject to RSUs reported herein will vest in equal annual installments over a four (4) year period measured from December 11, 2023.
[F3]Pursuant to the Business Combination Agreement, at the Effective Time, each outstanding option to purchase shares of GCT common stock was assumed and converted into an option to purchase shares of common stock of the Issuer with the same terms and conditions as were applicable to such option immediately prior to the Effective Time, subject to the applicable exchange ratio.
[F4]The option vests with respect to (i) twenty-five percent (25%) of the shares upon completion of one (1) year of service measured from January 1, 2015 and (ii) the balance of the shares subject to the option in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service over the thirty-six (36) month period measured from January 1, 2016.
[F5]The option vests with respect to (i) twenty-five percent (25%) of the shares upon completion of one (1) year of service measured from January 1, 2018 and (ii) the balance of the shares subject to the option in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service over the thirty-six (36) month period measured from January 1, 2019.
[F6]The option vests with respect to (i) twenty-five percent (25%) of the shares upon completion of one (1) year of service measured from January 1, 2019 and (ii) the balance of the shares subject to the option in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service over the thirty-six (36) month period measured from January 1, 2020.
[F7]The option vests with respect to (i) twenty-five percent (25%) of the shares upon completion of one (1) year of service measured from January 1, 2020 and (ii) the balance of the shares subject to the option in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service over the thirty-six (36) month period measured from January 1, 2021.
[F8]The option vests with respect to (i) twenty-five percent (25%) of the shares upon completion of one (1) year of service measured from January 1, 2021 and (ii) the balance of the shares subject to the option in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service over the thirty-six (36) month period measured from January 1, 2022.

Documents

1 file

4
form4.xmlPrimary

Issuer

Concord Acquisition Corp III

CIK 0001851961

→

Entity typeother

Related Parties

filerCIK 0002007716

Filing Metadata

Form type: 4
Filed: Mar 26, 8:00 PM ET
Accepted: Mar 27, 6:59 PM ET
Size: 19.8 KB

View on SEC.gov