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[Form 3] Global Ship Lease, Inc. Initial Statement of Beneficial Ownership

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Global Ship Lease, Inc. director Michael S. Gross filed an initial Form 3 reporting his holdings of Class A Common Shares. The filing reflects his position as a board member rather than a new market transaction.

The holdings include 577 Class A Common Shares granted under the company’s 2019 Omnibus Incentive Plan that are scheduled to vest on March 31, 2026. He also has unvested awards consisting of 6,346 shares that vest quarterly starting with the quarter ended June 30, 2026, 7,500 performance-based shares tied to annualized return on equity targets measured as of December 31 of 2026, 2027 and 2028, and a further 7,500 performance-based shares vesting on December 31, 2028 based on return on equity over the full term.

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Insider GROSS MICHAEL S
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 — 42,759 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
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
GROSS MICHAEL S
(Last) (First) (Middle)
500 PARK AVENUE
(Street)
NEW YORK NY 10022
(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 42,759(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/ Michael S. Gross 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does Michael S. Gross’s Form 3 for Global Ship Lease (GSL) show?

The Form 3 shows director Michael S. Gross’s existing holdings of Global Ship Lease Class A Common Shares, including time-based and performance-based equity awards that vest over multiple years under the company’s 2019 Omnibus Incentive Plan.

How many Global Ship Lease (GSL) shares are scheduled to vest soon for Michael S. Gross?

Michael S. Gross has 577 Class A Common Shares that were granted under the 2019 Omnibus Incentive Plan and are scheduled to vest on March 31, 2026, reflecting a near-term addition to his directly held equity stake in the company.

What time-based equity awards does Michael S. Gross hold in GSL?

He holds unvested awards of 6,346 Class A Common Shares that vest quarterly, pro rata, beginning with the quarter ended June 30, 2026, contingent on his continued service with Global Ship Lease during the vesting period.

What performance-based Global Ship Lease (GSL) shares can Michael S. Gross earn?

He has 7,500 shares where about one-third may be earned based on specified annualized return on equity measured as of December 31 of 2026, 2027 and 2028, plus 7,500 additional shares tied to return on equity over the full term ending December 31, 2028.

Does Michael S. Gross’s Form 3 indicate any recent GSL share purchases or sales?

The Form 3 functions as an initial statement of beneficial ownership and lists existing holdings and unvested awards, rather than reporting new open-market purchases or sales of Global Ship Lease Class A Common Shares by Michael S. Gross.