Van Horne Edward 4

What Happened
Edward Van Horne, President and COO of GMR Solutions (GMRS), was granted awards totaling 838,099 equity units in connection with the company’s IPO-related awards. The Form 4 shows: 447,014 shares granted at $0.00, 271,085 derivative units granted at $0.00, and 120,000 derivative awards granted at $0.00 — total economic cash paid at grant = $0. These awards consist of restricted stock units (RSUs) and stock options rather than open-market purchases or sales.

Key Details

• Transaction dates and prices: May 12, 2026 (447,014 @ $0.00 and 271,085 @ $0.00) and May 13, 2026 (120,000 @ $0.00).
• Total units granted: 838,099 (all awards reported as acquired/awarded).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote highlights:
  • Awards include performance-based RSUs that vest upon the IPO closing and time-based RSUs; RSUs settle in Class A common stock (or cash) six months after IPO closing.
  • Some RSUs/options vest over three years in equal annual installments beginning May 12, 2027.
  • Several awards were previously reported on the reporting person’s Form 3.
• Filing timing: Form 4 was filed May 15, 2026 for transactions on May 12–13, 2026 (appears to have been filed one business day after the typical two‑business‑day Form 4 deadline).

Context
These are grant/award entries (code A) — not open-market purchases or sales. For retail investors: awards and RSUs are compensation tools and do not directly indicate immediate buying/selling of shares. The RSUs are contingent and may settle in stock or cash after the IPO closes; the 120,000 derivative awards are stock options that vest over time, not immediately exercisable shares.