Pepe Emmett Anthony - 23 Jun 2021 Form 4 Insider Report for GSE SYSTEMS INC

Role: Chief Financial Officer
Signature: /s/ Emmett Pepe
Issuer symbol: N/A
Transactions as of: 23 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 25 Jun 2021, 16:17:34 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	+106,061	+67%	$0.000000	265,071	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. Pepe and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 17,676 shares on June 30, 2021, nine installments of 8,838 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, and September 30, 2023; and one installment of 8,843 shares on December 31, 2023.
F2	These shares were granted to Mr. Pepe for his services as the Chief Financial Officer of the Issuer.

Content

These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Pepe and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 17,676 shares on June 30, 2021, nine installments of 8,838 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, and September 30, 2023; and one installment of 8,843 shares on December 31, 2023.

These shares were granted to Mr. Pepe for his services as the Chief Financial Officer of the Issuer.