Khanna Ravi - 30 Jun 2023 Form 4 Insider Report for GSE SYSTEMS INC (GVP)

Signature
/s/ Khanna Ravi
Issuer symbol
GVP
Transactions as of
30 Jun 2023
Net transactions value
-$460
Form type
4
Filing time
05 Jul 2023, 17:30:31 UTC
Previous filing
07 Apr 2023
Next filing
03 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GVP Common Stock Tax liability $460 -1,279 -1.5% $0.3600 82,816 30 Jun 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares withheld by the Issuer for payment of applicable taxes owed due to the vesting of 4,310 restricted share units pursuant to two restricted share unit agreements between the Reporting Person and the Issuer.