Global Ship Lease director sells 4,000 shares

Her unvested awards include quarterly vesting subject to continued service and shares tied to return-on-equity targets through 2028.

Rhea-AI Filing Summary

Global Ship Lease, Inc. director Ulrike Helfer reported selling 4,000 Class A common shares at $44.8184 per share on September 30, 2026. No Rule 10b5-1 plan is reported. A footnote notes 577 plan shares vested that day but were not yet issued; unvested awards include 5,192 shares subject to continued service and two 7,500-share performance-based awards.

Insider Trade Summary

Net Seller: 4,000 shares

Net Sell 2 txns

Insider Helfer Ulrike

Role Director

Sold 4,000 shs ($179K)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares, par value of $0.01 per share F1	4,000	$44.8184	$179K
holding	Class A Common Shares, par value of $0.01 per share F2	--	--	--

Holdings After Transaction: Class A Common Shares, par value of $0.01 per share — 28,695 shares (Direct)

Footnotes (2)

1. F1. 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 have vested on September 30, 2026 but have not yet been issued.
2. F2. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 5,192 shares which vest quarterly, pro rata, from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, conditioned on the reporting person's continued service, (ii) 7,500 shares, of which approximately 1/3 are earned upon the Issuer'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 Issuer's achievement of a specified return on equity over the full Term.

Key Figures

Shares sold: 4,000 shares Sale price: $44.8184 per share Vested, unissued plan shares: 577 shares +3 more

6 metrics

Shares sold 4,000 shares September 30, 2026

Sale price $44.8184 per share September 30, 2026

Vested, unissued plan shares 577 shares Vested September 30, 2026

Service-based unvested award 5,192 shares Quarterly vesting from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, conditioned on continued service

Annualized return-on-equity award 7,500 shares Earned based on specified annualized return-on-equity measurements for 2026, 2027 and 2028

Full-Term return-on-equity award 7,500 shares Vests December 31, 2028 based on return on equity over the full Term

Key Terms

2019 Omnibus Incentive Plan, annualized return on equity, pro rata

3 terms

2019 Omnibus Incentive Plan financial

"pursuant to the Issuer's 2019 Omnibus Incentive Plan"

annualized return on equity financial

"achievement of a specified annualized return on equity"

Annualized return on equity measures how much profit a company generates each year for every dollar investors have left in the business after liabilities are subtracted. Think of shareholder equity as seeds you plant and annualized ROE as the yearly harvest rate—higher values mean the company is generally better at turning investor money into profit, and annualizing lets investors compare performance on a common yearly basis.

pro rata financial

"vest quarterly, pro rata"

Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.

FAQ

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

How many GSL shares did director Ulrike Helfer sell, and at what price?

Ulrike Helfer reported selling 4,000 Class A common shares at $44.8184 per share on September 30, 2026. No Rule 10b5-1 plan is reported.

What unvested awards did Ulrike Helfer report for GSL?

Her unvested awards include 5,192 shares vesting quarterly, pro rata, from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, subject to continued service. One 7,500-share award is tied to specified annualized return-on-equity measurements for 2026, 2027 and 2028; another 7,500 shares vest on December 31, 2028 based on return on equity over the full Term.

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

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Available on EDGAR 10/02/2026 - 04:16 PM Accepted by SEC EDGAR 10/02/2026 - 04:15 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Helfer Ulrike

(Last) (First) (Middle)

9 IRODOU ATTIKOU STREET

(Street)

KIFISIA, ATHENS 14561

(City) (State) (Zip)

GREECE

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares, par value of $0.01 per share	09/30/2026		S		4,000	D	$44.8184	8,503(1)	D
Class A Common Shares, par value of $0.01 per share								20,192(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	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 have vested on September 30, 2026 but have not yet been issued.

2. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 5,192 shares which vest quarterly, pro rata, from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, conditioned on the reporting person's continued service, (ii) 7,500 shares, of which approximately 1/3 are earned upon the Issuer'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 Issuer's achievement of a specified return on equity over the full Term.

	/s/ Ulrike Helfer	10/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)