Donald Horn - 05 Apr 2022 Form 4 Insider Report for GSE SYSTEMS INC

Role: President, Engineering Svcs
Signature: /s/ Donald Horn
Issuer symbol: N/A
Transactions as of: 05 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Apr 2022, 16:53:14 UTC
Previous filing: 01 Apr 2022
Next filing: 05 Jul 2022
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	+28,360	+65%	$0.000000	71,900	05 Apr 2022	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 4,726 shares on June 30, 2022, nine installments of 2,363 shares on each of September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, September 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024, and September 30, 2024; and one installment of 2,367 shares on December 31, 2024.
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 4,726 shares on June 30, 2022, nine installments of 2,363 shares on each of September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, September 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024, and September 30, 2024; and one installment of 2,367 shares on December 31, 2024.

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