4//SEC Filing
Sum Alex 4
Accession 0000929638-24-001259
CIK 0001851961other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 7:00 PM ET
Size
17.3 KB
Accession
0000929638-24-001259
Insider Transaction Report
Form 4
Sum Alex
Sr. VP of Sales and Marketing
Transactions
- Award
Common Stock, par value $0.0001 per share
2024-03-26+5,341→ 5,341 total - Award
Common Stock, par value $0.0001 per share
2024-03-26+90,142→ 90,142 total - Award
Stock Option (Right to Buy)
2024-03-26+13,259→ 13,259 totalExercise: $0.11Exp: 2025-01-01→ Common Stock (13,259 underlying) - Award
Stock Option (Right to Buy)
2024-03-26+9,338→ 9,338 totalExercise: $0.11Exp: 2030-01-01→ Common Stock (9,338 underlying) - Award
Stock Option (Right to Buy)
2024-03-26+13,820→ 13,820 totalExercise: $0.11Exp: 2028-01-01→ Common Stock (13,820 underlying) - Award
Stock Option (Right to Buy)
2024-03-26+13,540→ 13,540 totalExercise: $0.11Exp: 2029-01-01→ Common Stock (13,540 underlying)
Footnotes (7)
- [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.
Documents
Issuer
Concord Acquisition Corp III
CIK 0001851961
Entity typeother
Related Parties
1- filerCIK 0001543349
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 7:00 PM ET
- Size
- 17.3 KB