Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 220

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 220
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2024 Employee Stock Purchase Plan

In December 2023, our Board adopted 2024 Employee Stock Purchase Plan, which was subsequently approved by our stockholders in February 2024 (the “2024 Employee Stock Purchase Plan”), under which eligible employees will be provided with the opportunity to periodically purchase shares of the Company’s Common Stock at a discount through their accumulated periodic payroll deductions. The maximum aggregate number of shares of the Company’s Common Stock that are authorized for issuance under the 2024 Employee Stock Purchase Plan is 600,000 shares, subject to adjustment as provided therein. As of the date of this Annual Report, the 2024 Employee Stock Purchase Plan has not been implemented.

The 2024 Employee Stock Purchase Plan is intended to qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code of 1986, as amended (“Section 423”) for one or more specified offerings under the 2024 Employee Stock Purchase Plan. The 2024 Employee Stock Purchase Plan also authorizes us to establish offerings under the 2024 Employee Stock Purchase Plan that are not designed to comply with the requirements of Section 423 but that are intended to comply with local law.

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Outstanding Equity Awards at 2024 Fiscal Year-End

The following table sets forth information concerning outstanding equity awards for each of the NEOs and directors as of the end of the fiscal year ended December 31, 2024.

    Option Awards
     
    Stock Awards

    Name
     
    Number of securities underlying unexercised stock options (#) exercisable
     
    Number of securities underlying unexercised stock options (#) unexercisable
     
    Stock option exercise price($)
     
    Stock option expiration date
     
    Number of shares of units of stock that have not vested(#)
     
    Market value of shares or units of stock that have not vested($)(1)

    John Schlaefer     Chief Executive     Officer
     
    35,669(2)28,191(4)21,533(5)50,425(6)
     
    —.—.—.—.
     
    $0.11/share.$0.11/share.$0.11/share.$0.11/share.
     
    02/23/2025.03/14/2028.04/19/2029.06/08/2030.
     
    9,603(3)