GMR Solutions (GMRS) CFO Brian Tierney Exercises Options, Sells Shares

What Happened

• Brian Tierney, EVP & CFO of GMR Solutions (GMRS), exercised stock options and completed related share sales on 2026-09-14. He exercised 42,500 options at $7.20/share (cost $306,000) and, in connection with the exercise/settlement and tax withholding, 30,721 shares were withheld/sold (priced at $13.26, value $407,360). He also sold 265,794 shares in an open-market transaction at $12.20/share (value $3,242,687). A separate derivative entry reflects the cancellation/conversion of 42,500 option units on exercise (reported at $0).

Key Details

• Transaction date: 2026-09-14; Form 4 filed: 2026-09-15 (timely).
• Exercise: 42,500 options exercised at $7.20 each; cash paid ~$306,000.
• Sales: 30,721 shares withheld/sold at $13.26 ($407,360) and 265,794 shares sold open-market at $12.20 ($3,242,687). Total sale proceeds shown ≈ $3,650,047.
• Footnotes: F1/F2 indicate shares were withheld/sold to cover exercise price and tax withholding related to option exercises and RSU/performance-RSU settlement; F3 notes the options were fully vested.
• Shares owned after the transactions: not specified in the provided filing extract.

Context

• This was primarily a cashless/sell-to-cover sequence: Tierney exercised vested options and immediately used a portion of the issued shares (and separate open-market sales) to cover exercise costs and tax withholding—common executive liquidity/compensation events rather than a straightforward market-direction bet.
• No 10b5-1 plan or gift was disclosed in the provided notes; filings show standard sell-to-cover and open-market sale mechanics.