GEE Group (JOB) CEO Derek Dewan details Form 4 forfeiture and tax-share withholding
Rhea-AI Filing Summary
GEE Group Inc. CEO Derek E. Dewan reported two equity award-related share reductions in company stock. On December 2, 2025, 210,443 performance-based restricted common shares were forfeited after performance conditions tied to an award granted on December 2, 2022 were not met, at a reference price of $0.19 per share. On January 7, 2026, 55,165 restricted shares were withheld by the company at $0.20 per share to cover Dewan’s tax obligations on the vesting of 238,353 previously granted restricted shares.
After these transactions, Dewan directly beneficially owned 2,629,458 shares of GEE Group common stock. His holdings include 71,944 restricted shares granted on December 1, 2023 that vest on December 1, 2026, and he may earn up to an additional 71,944 performance-based restricted shares in the future, subject to meeting specified performance measures.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, no par value | 55,165 | $0.20 | $11K |
| Tax Withholding | Common Stock, no par value | 210,443 | $0.19 | $40K |
Footnotes (1)
- Represents the forfeiture of performance-based shares of restricted common stock awarded to the reporting person on December 2, 2022 that were subject to the achievement of performance based measures. The closing price of the Company's common stock as reported on the NYSE American on December 2, 2025. Includes 71,944 shares of restricted stock granted on December 1, 2023 that vest on the third anniversary of their date of grant (December 1, 2026). In addition, included are 71,944 shares of restricted stock Mr. Dewan is eligible to earn in the future under the Company's Annual Incentive Compensation Program, but for which the final amounts granted will be subject to the achievement of future performance based measures. Represents shares of restricted common stock withheld by the issuer to satisfy the reporting person's tax withholding obligation in connection with the vesting of 238,353 shares of restricted common stock previously granted to the reporting person that vested on December 2, 2025. The closing price of the Company's common stock as reported on the NYSE American on January 7, 2026.
FAQ
What insider transactions did GEE Group (JOB) CEO Derek Dewan report?
Derek E. Dewan reported two Form 4 transactions in GEE Group common stock: a forfeiture of 210,443 performance-based restricted shares on December 2, 2025, and the withholding of 55,165 restricted shares on January 7, 2026 to satisfy tax obligations.
Were Derek Dewans GEE Group (JOB) Form 4 transactions open-market sales?
No. The filing describes a forfeiture of 210,443 performance-based restricted shares and shares withheld by the issuer to cover Dewans tax withholding obligation on vesting restricted stock, rather than discretionary open-market sales.
What future GEE Group (JOB) restricted stock could Derek Dewan still receive?
The filing notes that Dewan holds 71,944 restricted shares granted on December 1, 2023 that vest on December 1, 2026, and he is eligible to earn up to an additional 71,944 performance-based restricted shares under the companys Annual Incentive Compensation Program, subject to future performance measures.