Donald Horn - Jun 23, 2021 Form 4 Insider Report for GSE SYSTEMS INC (GVP)

Role: President, Engineering Svcs
Signature: /s/ Donald Horn
Stock symbol: GVP
Transactions as of: Jun 23, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/25/2021, 04:20 PM
Previous filing: May 11, 2021
Next filing: Jul 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GVP	Common Stock	Award	$0	+42.6K	+628.53%	$0.00	49.4K	Jun 23, 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. Horn and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 7,102 shares on June 30, 2021, nine installments of 3,551 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 3,553 shares on December 31, 2023.
F2	These restricted share units were granted to Mr. Horn for his services as the President, GSE Engineering Services of the Issuer.

Content

These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Horn and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 7,102 shares on June 30, 2021, nine installments of 3,551 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 3,553 shares on December 31, 2023.

These restricted share units were granted to Mr. Horn for his services as the President, GSE Engineering Services of the Issuer.