TJ Parass - Aug 26, 2021 Form 4 Insider Report for GTY Technology Holdings Inc. (GTYH)

Role
CEO AND PRESIDENT
Signature
/s/ Jon C. Bourne, Attorney-in-Fact
Stock symbol
GTYH
Transactions as of
Aug 26, 2021
Transactions value $
$0
Form type
4
Date filed
8/27/2021, 07:15 AM
Previous filing
Nov 26, 2021
Next filing
Nov 26, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GTYH Restricted Stock Units Award $0 +100K $0.00 100K Aug 26, 2021 Common Stock 100K Direct F1
transaction GTYH Restricted Stock Units Award $0 +100K +100% $0.00 200K Aug 26, 2021 Common Stock 100K Direct F2
transaction GTYH Restricted Stock Units Award +60K +30% 260K Aug 26, 2021 Common Stock 60K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. If the reporting person remains employed with the issuer at such time, the restricted stock units will vest 75% on December 31, 2021 and 25% on December 31, 2022. The restricted stock units may be settled in shares of the issuer's common stock or cash.
F2 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. If the reporting person remains employed with the issuer at such time, the restricted stock units will vest 75% on December 31, 2022 and 25% on December 31, 2023. The restricted stock units may be settled in shares of the issuer's common stock or cash.
F3 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. If the reporting person remains employed by the issuer at such time, the restricted stock units will vest in substantially equal installments on February 19, 2022, February 19, 2023 and February 19, 2024. The restricted stock units may be settled in the issuer's common stock or cash.