Global Ship Lease (GSL) director discloses initial holdings and long-term share awards

Rhea-AI Filing Summary

Global Ship Lease, Inc. director Menno van Lacum filed an initial ownership report on Class A Common Shares. The filing lists two direct holdings entries of Class A Common Shares, with 23,608 shares and 21,346 shares shown as owned following the reported entries.

The footnotes describe additional equity awards that are not yet fully vested. These include 577 Class A Common Shares scheduled to vest on March 31, 2026, as well as unvested awards granted under the company’s 2019 Omnibus Incentive Plan that may vest over several years based on continued service and specified return-on-equity performance goals.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider van Lacum Menno

Role Director

Type	Security	Shares	Price	Value
holding	Class A Common Shares, par value of $0.01 per share	--	--	--
holding	Class A Common Shares, par value of $0.01 per share	--	--	--

Holdings After Transaction: Class A Common Shares, par value of $0.01 per share — 23,608 shares (Direct)

Footnotes (1)

1. Includes 577 Class A Common Shares of Global Ship Lease, Inc. (the "Issuer") granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended and restated (the "Plan"), that are scheduled to vest on March 31, 2026. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 6,346 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 7,500 shares, of which approximately 1/3 are earned upon the Company's achievement of a specified annualized return on equity that is measured as of December 31 of 2026, 2027 and 2028, respectively, after which, such earned shares are notionally divided into a number of quarterly installments within the 3.25 year period beginning October 1, 2025 (the "Term") and are eligible to vest on this basis, and (iii) 7,500 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

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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

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1. Name and Address of Reporting Person^*

van Lacum Menno

(Last) (First) (Middle)

BOSLAAN17

(Street)

BUSSUM P7 1405 BX

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Global Ship Lease, Inc. [ GSL ]

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

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

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

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)
Class A Common Shares, par value of $0.01 per share	23,608(1)	D
Class A Common Shares, par value of $0.01 per share	21,346(2)	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

Explanation of Responses:

1. Includes 577 Class A Common Shares of Global Ship Lease, Inc. (the "Issuer") granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended and restated (the "Plan"), that are scheduled to vest on March 31, 2026.

2. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 6,346 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 7,500 shares, of which approximately 1/3 are earned upon the Company's achievement of a specified annualized return on equity that is measured as of December 31 of 2026, 2027 and 2028, respectively, after which, such earned shares are notionally divided into a number of quarterly installments within the 3.25 year period beginning October 1, 2025 (the "Term") and are eligible to vest on this basis, and (iii) 7,500 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

	/s/ Menno van Lacum	03/16/2026
	** 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.

FAQ

What does Menno van Lacum report owning in Global Ship Lease (GSL) on this Form 3?

The filing shows Menno van Lacum directly holding two reported positions of Class A Common Shares, with 23,608 shares and 21,346 shares listed as owned following the reported entries. These reflect his disclosed equity stake at the time of the Form 3.

Are there any unvested Global Ship Lease (GSL) share awards disclosed for Menno van Lacum?

Yes. Footnotes state that 577 Class A Common Shares are scheduled to vest on March 31, 2026, and additional unvested awards were granted under the 2019 Omnibus Incentive Plan, subject to continued service and specified return-on-equity performance conditions over several years.

Does this Global Ship Lease (GSL) Form 3 show any insider buying or selling activity?

No specific buy or sell transactions are identified. The entries are classified as holdings, and the transaction summary shows no buys, sells, exercises, gifts, or tax-withholding events, only two holdings with unknown transaction codes and neutral net buy/sell direction.

What performance conditions affect Menno van Lacum’s Global Ship Lease (GSL) unvested awards?

Footnotes explain that certain unvested awards depend on Global Ship Lease achieving specified annualized and full-term return-on-equity targets measured on December 31 of 2026, 2027, 2028 and over a defined 3.25-year term, in addition to the director’s continued service.

How are the Global Ship Lease (GSL) equity awards to Menno van Lacum scheduled to vest over time?

The filing notes 6,346 shares vest quarterly beginning with the quarter ended June 30, 2026, 7,500 shares vest in installments tied to annual return-on-equity tests, and another 7,500 shares vest at December 31, 2028 based on return-on-equity over the full term.