Barker Robert 4
Research Summary
AI-generated summary
GCT Semiconductor (GCTS) Director Robert Barker Receives RSU Award
What Happened
- Robert Barker, a Class II Director of GCT Semiconductor Holding, Inc. (GCTS), received a grant of 9,259 restricted stock units (RSUs) on 2026-06-30. The RSUs were granted at $0.00 per share (non-cash award) and represent a fixed-dollar award of $27,500. The RSUs will convert to common stock upon vesting and do not require Barker to spend cash to acquire them.
Key Details
- Transaction type/date: Award/Grant (code A) on 2026-06-30; filing received 2026-07-02 (within the typical 2-business-day Form 4 window).
- Grant terms: 9,259 RSUs determined by dividing $27,500 by the June 30, 2026 fair market value of $2.97 per share (rounded down).
- Vesting: RSUs vest on March 31, 2027, subject to continued service through that date.
- Payment form & expiration: RSUs will be payable in common stock per the reporting person's deferral election; no expiration date applies.
- Shares owned after transaction: Not disclosed in the reported Form 4.
- Footnotes: F1–F4 describe that each RSU equals one share on vesting, the fixed-dollar award calculation, vesting date, and lack of expiration.
Context
- This is a compensation award (non-cash) rather than an open-market purchase or sale. RSU grants are routine director compensation and do not necessarily signal immediate insider buying or selling intent. Because the award is a fixed dollar amount, the number of shares granted depends on the stock price at the quarterly determination date. The RSUs only convert into shares if the vesting condition (continued service to 3/31/2027) is met.