David M. Farrell - 09 Mar 2022 Form 4 Insider Report for GTY Technology Holdings Inc. (GTYH)

Role: COO OF GTY AND CEO OF SHERPA
Signature: /s/ Jon C. Bourne, Attorney-in-Fact
Issuer symbol: GTYH
Transactions as of: 09 Mar 2022
Net transactions value: -$183,222
Form type: 4
Filing time: 11 Mar 2022, 06:50:43 UTC
Previous filing: 09 Mar 2022
Next filing: 15 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTYH	Common Stock	Options Exercise		+90,000	+18%		576,791	09 Mar 2022	Direct	F1
transaction	GTYH	Common Stock	Tax liability	$92,852	-25,274	-4.4%	$3.67	551,517	09 Mar 2022	Direct	F2, F3
transaction	GTYH	Common Stock	Options Exercise		+80,000	+15%		631,517	10 Mar 2022	Direct	F4
transaction	GTYH	Common Stock	Tax liability	$90,371	-26,202	-4.1%	$3.45	605,315	10 Mar 2022	Direct	F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GTYH	Restricted Stock Units	Options Exercise		-90,000	-33%		180,000	09 Mar 2022	Common Stock	90,000		Direct	F1
transaction	GTYH	Restricted Stock Units	Options Exercise		-80,000	-44%		100,000	10 Mar 2022	Common Stock	80,000		Direct	F4

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

Explanation of Responses:

Id	Content
F1	90,000 restricted stock units vested on February 19, 2022. Common stock resulting from the vesting of these restricted stock units was issued on March 9, 2022. Restricted stock units convert into common stock on a one-for-one basis.
F2	25,274 shares of common stock were withheld for the payment of taxes applicable to the settlement of the restricted stock units.
F3	This transaction was executed in multiple trades at prices ranging from $3.62 to $3.76. The price reported above reflects a weighted average sale price. The reporting person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the issuer or a security holder of issuer full information regarding the number of shares and prices at which the transaction was effected.
F4	80,000 restricted stock units vested on February 19, 2022. Common stock resulting from the vesting of these restricted stock units was issued on March 10, 2022. Restricted stock units convert into common stock on a one-for-one basis.
F5	26,202 shares of common stock were withheld for the payment of taxes applicable to the settlement of the restricted stock units.
F6	This transaction was executed in multiple trades at prices ranging from $3.40 to $3.55. The price reported above reflects a weighted average sale price. The reporting person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the issuer or a security holder of issuer full information regarding the number of shares and prices at which the transaction was effected.