Global Ship Lease (NYSE: GSL) director sells 3,000 shares, holds awards

Rhea-AI Filing Summary

Global Ship Lease, Inc. director Yoram Neugeborn reported selling 3,000 Class A Common Shares on July 14, 2026 at $41.1272 per share. Footnotes describe 577 vested but unissued shares and additional unvested equity awards (5,769, 7,500 and 7,500 shares) granted under the 2019 Omnibus Incentive Plan.

Insider Trade Summary

Net Seller: 3,000 shares

Net Sell 2 txns

Insider Neugeborn Yoram

Role Director

Sold 3,000 shs ($123K)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares, par value of $0.01 per share F1	3,000	$41.1272	$123K
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 — 23,943 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 June 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) 5,769 shares which vest quarterly, pro rata, commencing from the quarter ended September 30, 2026, 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: 3000.0000 shares Sale price: $41.1272 per share Vested but unissued shares: 577 shares +3 more

6 metrics

Shares sold 3000.0000 shares Class A Common Shares sold by director on July 14, 2026

Sale price $41.1272 per share Price per share for the 3,000-share sale on July 14, 2026

Vested but unissued shares 577 shares Vested Class A Common Shares granted under 2019 Omnibus Incentive Plan, not yet issued

Unvested quarterly vesting award 5,769 shares Unvested shares vesting quarterly from the quarter ended September 30, 2026, subject to continued service

ROE-based performance awards (annual tranches) 7,500 shares Unvested shares earned based on specified annualized return on equity for 2026, 2027 and 2028

ROE-based performance awards (full term) 7,500 shares Unvested shares vesting December 31, 2028 based on return on equity over the full Term

Key Terms

2019 Omnibus Incentive Plan, unvested awards, return on equity

3 terms

2019 Omnibus Incentive Plan financial

"granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended"

unvested awards financial

"Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan"

return on equity financial

"earned upon the Issuer's achievement of a specified annualized return on equity that is measured as of December 31"

Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/31/2026 - 09:52 PM Accepted by SEC EDGAR 07/31/2026 - 09:52 PM Learn about SEC filing dates

FAQ

What insider stock sale did Global Ship Lease (GSL) report for Yoram Neugeborn?

Global Ship Lease director Yoram Neugeborn reported selling 3,000 Class A Common Shares on July 14, 2026 at $41.1272 per share. The sale involved directly held Class A common stock of Global Ship Lease, Inc.

How many Global Ship Lease (GSL) shares did Yoram Neugeborn sell and at what price?

Yoram Neugeborn sold 3,000 Class A Common Shares of Global Ship Lease at an average price of $41.1272 per share. The transaction date was July 14, 2026, and it was reported as a direct open-market or private sale.

What vested but unissued Global Ship Lease (GSL) shares does Yoram Neugeborn have?

A footnote states that Neugeborn has 577 Class A Common Shares that vested on June 30, 2026 under the 2019 Omnibus Incentive Plan but have not yet been issued. These vested shares are part of his reported equity awards.

What unvested Global Ship Lease (GSL) equity awards are outstanding for Yoram Neugeborn?

Neugeborn holds unvested awards of 5,769 shares vesting quarterly from the quarter ended September 30, 2026, plus 7,500 shares tied to annualized return-on-equity targets and another 7,500 shares vesting on December 31, 2028, all under the company’s incentive plan.

Was Yoram Neugeborn’s Global Ship Lease (GSL) stock sale made under a Rule 10b5-1 trading plan?

The report’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. The disclosure does not state that the 3,000-share sale occurred pursuant to any pre-arranged Rule 10b5-1 trading arrangement.

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^*

Neugeborn Yoram

(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)
07/14/2026

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	07/14/2026		S		3,000	D	$41.1272	3,174(1)	D
Class A Common Shares, par value of $0.01 per share								20,769(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 June 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) 5,769 shares which vest quarterly, pro rata, commencing from the quarter ended September 30, 2026, 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/ Yoram Neugeborn	07/31/2026
	** 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)