Loudermilk Kyle Justin - 23 Jun 2021 Form 4 Insider Report for GSE SYSTEMS INC

Role: Chief Executive Officer & Pres, Director
Signature: /s/ Kyle Justin Loudermilk
Issuer symbol: N/A
Transactions as of: 23 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 25 Jun 2021, 16:16:22 UTC
Previous filing: 22 Jun 2021
Next filing: 02 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GVP	Common Stock	Award	$0	+265,152	+44%	$0.000000	867,677	23 Jun 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Loudermilk and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 44,192 shares on June 30, 2021, and ten installments of 22,096 shares on each of September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, September 30, 2023, and December 31, 2023.
F2	These restricted share units were granted to Mr. Loudermilk for his services as the President and Chief Executive Officer of the Issuer.

Content

These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Loudermilk and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 44,192 shares on June 30, 2021, and ten installments of 22,096 shares on each of September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, September 30, 2023, and December 31, 2023.

These restricted share units were granted to Mr. Loudermilk for his services as the President and Chief Executive Officer of the Issuer.