Gillespie Charles 4
Research Summary
AI-generated summary
Gambling.com (GAMB) CEO Charles Gillespie Exercises Derivatives ($87K)
What Happened
- Charles Gillespie, CEO of Gambling.com Group Ltd (GAMB), reported derivative transactions on 2026-04-06. He acquired 22,757 ordinary shares at $3.83 per share (total $87,159) via exercise/conversion of a derivative (code M). A separate M-coded entry shows 22,757 shares disposed at $0.00, which the filing notes were restricted stock units converted into common stock on a one-for-one basis (Footnote F2).
- This filing records an acquisition (exercise/conversion) — a form of purchase — and a RSU conversion. Acquisitions can be seen as a more informative (bullish) action than routine RSU vesting, but the filing is factual and does not state motives.
Key Details
- Transaction date: 2026-04-06; Form 4 filed: 2026-04-08 (appears timely).
- Acquired: 22,757 shares at $3.83 each = $87,159 (code M: exercise/conversion of derivative).
- Disposed/converted: 22,757 shares at $0.00 (code M; footnote F2 indicates these were RSUs converted one-for-one to common stock).
- Shares owned after the transaction: not disclosed in the provided data.
- Footnote F1: Mr. Gillespie controls voting, dispositive and investment power over ordinary shares held by Praetorium Limited and may be deemed to beneficially own those shares.
- No open-market sale reported in this filing; the $0.00 entry reflects an RSU conversion per the filing.
Context
- M = exercise or conversion of a derivative (e.g., option exercise or RSU conversion). Here the filing combines an exercised derivative acquisition and an RSU conversion; the RSU conversion is not a market sale and often reflects standard compensation vesting.
- The acquisition portion required cash/payment at the exercise price; the RSU conversion did not involve cash proceeds.