Gorilla Technology director reports initial share holdings

Gorilla Technology Group Inc. director Kelly Ruth filed an initial ownership report showing existing equity interests rather than new trades.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

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Form Type

Rhea-AI Filing Summary

Gorilla Technology Group Inc. director Kelly Ruth filed an initial ownership report showing existing equity interests rather than new trades. The filing lists 14,301 restricted stock units, each convertible into one ordinary share, that vest on the earlier of July 13, 2026 or a change in control, subject to continued service. It also reports direct ownership of 121,627 ordinary shares following the reported positions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kelly Ruth

Role Director

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Stock Units — 14,301 contracts (Direct); Ordinary Shares — 121,627 shares (Direct)

Footnotes (2)

F1. Restricted stock units ("RSUs") granted under the Issuer's 2023 Omnibus Incentive Plan (the "Plan") that vest on the earlier of (a) July 13, 2026, and (b) a change in control of the Issuer, subject to the Reporting Person's continuous service through the vesting date and the terms and conditions of the underlying award agreement.
F2. Each RSU represents the right to receive one ordinary share of the Issuer.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filing by Kelly Ruth at Gorilla Technology (GRRR) report?

The Form 3 reports Kelly Ruth’s initial equity holdings in Gorilla Technology, not new trades. It shows existing restricted stock units and ordinary shares that establish her baseline ownership position as a director of the company.

How many restricted stock units does Kelly Ruth hold in Gorilla Technology (GRRR)?

Kelly Ruth holds 14,301 restricted stock units in Gorilla Technology. Each unit represents the right to receive one ordinary share, providing potential future equity once vesting conditions are satisfied under the company’s 2023 Omnibus Incentive Plan.

When do Kelly Ruth’s Gorilla Technology (GRRR) RSUs vest?

The restricted stock units vest on the earlier of July 13, 2026 or a change in control of Gorilla Technology. Vesting is subject to Kelly Ruth’s continuous service and the terms of the company’s 2023 Omnibus Incentive Plan award agreement.

How many Gorilla Technology (GRRR) ordinary shares does Kelly Ruth directly own?

Kelly Ruth directly owns 121,627 ordinary shares of Gorilla Technology following the reported positions. These shares are separate from her restricted stock units and represent her current direct share ownership in the company as disclosed in the Form 3.

Do the reported RSUs in Gorilla Technology (GRRR) pay cash or stock to Kelly Ruth?

The reported restricted stock units are stock-based and not cash-based. Each RSU represents the right to receive one ordinary share of Gorilla Technology upon vesting, aligning the director’s compensation with the company’s long-term equity performance.

Are Kelly Ruth’s Gorilla Technology (GRRR) RSUs part of a specific incentive plan?

Yes. The restricted stock units were granted under Gorilla Technology’s 2023 Omnibus Incentive Plan. This plan governs vesting terms, eligibility, and other conditions that apply to the RSU award disclosed in Kelly Ruth’s Form 3 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 06:02 PM EDT

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Kelly Ruth

(Last)

(First)

(Middle)

64 NORTH ROW

(Street)

LONDON

W1K 7DA

(City)

(State)

(Zip)

UNITED KINGDOM

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Gorilla Technology Group Inc. [ GRRR ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	121,627	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽¹⁾	⁽¹⁾	Ordinary Shares	14,301	⁽²⁾	D

Explanation of Responses:

1. Restricted stock units ("RSUs") granted under the Issuer's 2023 Omnibus Incentive Plan (the "Plan") that vest on the earlier of (a) July 13, 2026, and (b) a change in control of the Issuer, subject to the Reporting Person's continuous service through the vesting date and the terms and conditions of the underlying award agreement.

2. Each RSU represents the right to receive one ordinary share of the Issuer.

	/s/ Ruth Kelly	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR