Global Ship Lease (NYSE: GSL) CFO sells 23,173 shares around $39

Rhea-AI Filing Summary

Global Ship Lease, Inc. Chief Financial Officer Anastasios Psaropoulos sold 23,173 Class A common shares in an open‑market transaction on March 25, 2026 at a weighted average price of $39.0042 per share. Following the sale, he directly owns 108,102 Class A common shares.

According to the notes, the sale prices ranged from $39.00 to $39.06 per share. His holdings also include 21,192 Class A common shares granted under the company’s 2019 Omnibus Incentive Plan, split between shares that vested on December 31, 2025 and shares scheduled to vest on March 31, 2026, as well as additional long‑term unvested awards that vest over multiple years based on continued service and return‑on‑equity performance targets.

Insights

Equity compensation and insider-trading analyst

CFO executes a moderate open‑market sale while retaining substantial equity and long‑term awards.

The Global Ship Lease CFO, Anastasios Psaropoulos, sold 23,173 Class A common shares at a weighted average price of $39.0042 on March 25, 2026 in an open‑market transaction. After this sale, he still directly holds 108,102 Class A common shares.

Footnotes show this equity position is supplemented by 21,192 granted shares tied to vesting dates in December 2025 and March 2026, plus sizable unvested awards (including tranches of 116,558, 137,750 and 137,750 shares) that depend on continued service and return‑on‑equity performance through December 31, 2028. This mix indicates significant ongoing equity exposure and incentive alignment.

No reference is made to a Rule 10b5‑1 trading plan in the provided notes, so the timing cannot be characterized as pre‑planned based on this information alone. Future company filings will clarify how these long‑term performance awards evolve as vesting and performance measurement dates, such as December 31, 2026, are reached.

Insider Trade Summary

Net Seller: 23,173 shares ($903,844)

Net Sell 2 txns

Insider Psaropoulos Anastasios

Role Chief Financial Officer

Sold 23,173 shs ($904K)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares, par value of $0.01 per share	23,173	$39.0042	$904K
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 — 108,102 shares (Direct)

Footnotes (1)

1. The price reported represents the weighted average price of Class A common shares of Global Ship Lease, Inc. (the "Issuer") sold in multiple transactions at prices ranging from $39.00 to $39.06 per share. The reporting person will provide to the Issuer, or the U.S. Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range. Includes 21,192 Class A Common Shares of the Issuer granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended and restated (the "Plan"), of which 10,596 shares vested on December 31, 2025 and have not yet been issued, and 10,596 shares 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) 116,558 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 137,750 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) 137,750 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

Form 4 Insider Transactions: What Each Field Means →

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^*

Psaropoulos Anastasios

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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	03/25/2026		S		23,173	D	$39.0042(1)	108,102(2)	D
Class A Common Shares, par value of $0.01 per share								392,058(3)	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. The price reported represents the weighted average price of Class A common shares of Global Ship Lease, Inc. (the "Issuer") sold in multiple transactions at prices ranging from $39.00 to $39.06 per share. The reporting person will provide to the Issuer, or the U.S. Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.

2. Includes 21,192 Class A Common Shares of the Issuer granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended and restated (the "Plan"), of which 10,596 shares vested on December 31, 2025 and have not yet been issued, and 10,596 shares are scheduled to vest on March 31, 2026.

3. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 116,558 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 137,750 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) 137,750 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

	/s/ Anastasios Psaropoulos	03/26/2026
	** 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)

FAQ

What insider transaction did Global Ship Lease (GSL) report for its CFO?

Global Ship Lease reported that CFO Anastasios Psaropoulos sold 23,173 Class A common shares on March 25, 2026. The sale was an open‑market transaction at a weighted average price of $39.0042 per share, leaving him with 108,102 directly held shares afterward.

At what price did the Global Ship Lease CFO sell his GSL shares?

The CFO’s sale used a weighted average price of $39.0042 per share. Footnotes state the Class A common shares were sold in multiple trades at prices ranging from $39.00 to $39.06, with detailed trade‑level data available upon regulatory request.

How many Global Ship Lease shares does the CFO hold after this Form 4 sale?

After selling 23,173 Class A common shares, the CFO directly owns 108,102 shares. This figure reflects his reported direct ownership immediately following the March 25, 2026 transaction and does not include additional unvested or not‑yet‑issued awards described in the footnotes.

Does the Global Ship Lease CFO have additional GSL equity awards outstanding?

Yes. The CFO has 21,192 granted Class A common shares linked to the 2019 Omnibus Incentive Plan and further unvested awards of 116,558, 137,750 and 137,750 shares. These vest over time based on continued service and return‑on‑equity performance conditions extending through December 31, 2028.

Were the GSL CFO’s share sales under a Rule 10b5-1 trading plan?

The available notes do not mention a Rule 10b5‑1 trading plan for this sale. They focus instead on the weighted average price range and the structure of his outstanding equity awards, so the pre‑planned nature of the timing cannot be confirmed from this information alone.

What performance conditions affect the Global Ship Lease CFO’s unvested GSL awards?

Unvested awards include tranches of 137,750 shares that depend on specified annualized and full‑term return‑on‑equity targets. These are measured as of December 31 of 2026, 2027, 2028 and over a 3.25‑year Term beginning October 1, 2025, influencing when shares can vest.