SEC Form 3 filed by new insider Chandan Jayesh
$GRRR
Computer Software: Prepackaged Software
Technology
| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Date of Event Requiring Statement
(Month/Day/Year) 03/18/2026 | 3. Issuer Name and Ticker or Trading Symbol
Gorilla Technology Group Inc. [ GRRR ] | |||||||||||||||
| 3a. Foreign Trading Symbol
| 5. If Amendment, Date of Original Filed
(Month/Day/Year) | ||||||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Ordinary Shares | 1,095,471 | D | |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units | (1) | (1) | Ordinary Shares | 119,178 | (2) | D | |
| Restricted Stock Units | (3) | (3) | Ordinary Shares | 550,000 | (2) | D | |
| Explanation of Responses: |
| 1. Restricted stock units ("RSUs") granted under the Issuer's 2023 Omnibus Incentive Plan (the "Plan") that vest on July 13, 2026, subject to the Reporting Person's continuous service through the vesting date and the terms and conditions of the underlying award agreement. |
| 2. Each RSU represents the right to receive one ordinary share of the Issuer. |
| 3. This performance based RSU award in amount equal to (a) 250,000 shares if the Issuer's market capitalization exceeds $500 million for 20 consecutive trading days, (b) an additional 100,000 shares if the Issuer's market capitalization exceeds $1 billion for 20 consecutive trading days, (c) an additional 100,000 shares if the Issuer's market capitalization exceeds $2 billion for 20 consecutive trading days and (d) an additional 100,000 shares if the Issuer's market capitalization exceeds $3 billion for 20 consecutive trading days, in each case prior to January 1, 2030, subject to the Reporting Person's continuous service through the vesting date and the terms and conditions of the underlying award agreement. If the Reporting Person is terminated without cause, then subject to the terms and conditions of the underlying award agreement, such shares may vest if the market capitalization milestones described herein are achieved in the subsequent 12 months. |
| /s/ Jayesh Chandan | 03/18/2026 | |
| ** 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 5 (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 3: SEC 1473 (03-26) | ||