Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 229

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 229
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, rounded down to the nearest whole share.

(8)Includes 6,536 shares of Common Stock issuable upon exercise of stock options, 25,288 shares of Common Stock issuable upon vesting of restricted stock units within 60 days of March 15, 2025, and 14,706 shares of Common Stock issuable upon vesting of restricted stock units under the award, which is determined on March 31, 2025 by dividing $27,500 by the fair market value per share of Common Stock on such date and for the purposes of this table, was determined to be $1.87 on March 15, 2025, rounded down to the nearest whole share.

(9)Includes 5,278 shares of Common Stock issuable upon vesting of restricted stock units within 60 days of March 15, 2025.

(10)Includes 25,288 shares of Common Stock issuable upon vesting of restricted stock units within 60 days of March 15, 2025, and 14,706 shares of Common Stock issuable upon vesting of restricted stock units under the award, which is determined on March 31, 2025 by dividing $27,500 by the fair market value per share of Common Stock on such date and for the purposes of this table, was determined to be $1.87 on March 15, 2025, rounded down to the nearest whole share.

(11)The principal business address for Anapass, Inc. is 7F, Dream-Markl Bldg. 61, Ditigal-ro 31-gil, Guro-gu, Seoul, 08375, Republic of Korea. The percentage ownership was calculated based upon 49,318,783 shares of the Issuer’s Common Stock, which consists of (i) 48,233,113 issued and outstanding shares of the Company’s Common Stock as of March 15, 2025, (ii) 937,350 Private Placement Warrants that were allocated at GCT’s discretion to Anapass, Inc. to incentivize investment to the Company Insider Recipients, and (iii) 148,320 Private Placement Warrants pursuant to a Securities Purchase Agreement, dated as of September 26, 2024 by and between the Company and Anapass, Inc.

(12)Concord Sponsor Group III LLC, the Sponsor of Concord III, is the record holder of the shares of the Concord III, which