James Ha - Feb 10, 2022 Form 4 Insider Report for GTY Technology Holdings Inc. (GTYH)

Signature
/s/ Jon C. Bourne, Attorney-in-Fact
Stock symbol
GTYH
Transactions as of
Feb 10, 2022
Transactions value $
$0
Form type
4
Date filed
2/14/2022, 04:10 PM
Previous filing
Jan 4, 2022
Next filing
Mar 7, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GTYH Restricted Stock Units Award $0 +5.71K +10.38% $0.00 60.7K Feb 10, 2022 Common Stock 5.71K Direct F1
transaction GTYH Performance Restricted Stock Units Disposed to Issuer $0 -25K -100% $0.00* 0 Feb 10, 2022 Common Stock 25K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. If the reporting person remains employed with the issuer at such time, all the restricted stock units will vest on February 19, 2022. The restricted stock units may be settled in shares of the issuer's common stock and were granted as the reporting person's annual bonus for 2021, consistent with his waiver and consent to receive such bonus in cash, restricted stock units with a vesting period of no more than one year, or a combination of both.
F2 On February 10, 2022, all the 25,000 performance-based restricted stock units granted on April 30, 2021 were forfeited because the reporting person did not achieve the performance goals for the relevant performance period.