Gorilla Technology Group Inc. (GRRR) CEO details RSU and share holdings

Rhea-AI Filing Summary

Gorilla Technology Group Inc. director and CEO/Chairman Chandan Jayesh reported his initial ownership in a Form 3. He directly holds 1,095,471 ordinary shares, plus restricted stock units that can convert into additional shares.

These include 119,178 RSUs granted under the 2023 Omnibus Incentive Plan that vest on July 13, 2026, subject to continuous service and award terms. He also holds 550,000 performance-based RSUs tied to market capitalization milestones: 250,000 shares if market cap exceeds $500 million, and an additional 100,000 shares at each of $1 billion, $2 billion, and $3 billion for 20 consecutive trading days before January 1, 2030, subject to service and award conditions.

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

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1. Name and Address of Reporting Person^*

Chandan Jayesh

(Last) (First) (Middle)

64 NORTH ROW

(Street)

LONDON W1K 7DA

(City) (State) (Zip)

UNITED STATES

(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
X	Officer (give title below)		Other (specify below)
	CEO/Chairman

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	1,095,471	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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(1)	Ordinary Shares	119,178	(2)	D
Restricted Stock Units	(3)	(3)	Ordinary Shares	550,000	(2)	D

Explanation of Responses:

1. Restricted stock units ("RSUs") granted under the Issuer's 2023 Omnibus Incentive Plan (the "Plan") that vest on July 13, 2026, 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.

3. This performance based RSU award in amount equal to (a) 250,000 shares if the Issuer's market capitalization exceeds $500 million for 20 consecutive trading days, (b) an additional 100,000 shares if the Issuer's market capitalization exceeds $1 billion for 20 consecutive trading days, (c) an additional 100,000 shares if the Issuer's market capitalization exceeds $2 billion for 20 consecutive trading days and (d) an additional 100,000 shares if the Issuer's market capitalization exceeds $3 billion for 20 consecutive trading days, in each case prior to January 1, 2030, subject to the Reporting Person's continuous service through the vesting date and the terms and conditions of the underlying award agreement. If the Reporting Person is terminated without cause, then subject to the terms and conditions of the underlying award agreement, such shares may vest if the market capitalization milestones described herein are achieved in the subsequent 12 months.

	/s/ Jayesh Chandan	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)

FAQ

What insider ownership did GRRR CEO Chandan Jayesh report on this Form 3?

Chandan Jayesh reported direct ownership of 1,095,471 ordinary shares of Gorilla Technology Group Inc. He also disclosed significant restricted stock unit positions that may convert into additional ordinary shares under specific time-based and performance-based vesting conditions.

How many time-based RSUs does the GRRR CEO hold and when do they vest?

He holds 119,178 restricted stock units granted under the 2023 Omnibus Incentive Plan. These RSUs vest on July 13, 2026, provided he remains in continuous service and satisfies the terms and conditions of the underlying award agreement.

What are the performance-based RSU milestones for GRRR CEO Chandan Jayesh?

He holds 550,000 performance-based RSUs that vest in tranches if market capitalization exceeds $500 million, $1 billion, $2 billion, and $3 billion for 20 consecutive trading days before January 1, 2030, subject to service and award terms.

What does each RSU reported by GRRR’s CEO represent?

Each restricted stock unit reported represents the right to receive one ordinary share of Gorilla Technology Group Inc. Delivery of these shares depends on meeting the specified vesting conditions in the company’s 2023 Omnibus Incentive Plan and related award agreements.

Under what conditions can GRRR performance-based RSUs vest after termination without cause?

If Chandan Jayesh is terminated without cause, the award agreement may allow the performance-based RSUs to vest if the market capitalization milestones are achieved in the 12 months following termination, subject to the detailed terms of that underlying award agreement.

What time period applies to GRRR’s market capitalization tests for the CEO RSUs?

The market capitalization milestones must be achieved for 20 consecutive trading days in each case before January 1, 2030. These conditions govern vesting of the performance-based RSUs disclosed for Gorilla Technology Group Inc.’s CEO.