Filing Details

Accession Number:
0001213900-24-030672
Form Type:
13G Filing
Publication Date:
2024-04-04 20:00:00
Filed By:
Honig Jonathan
Company:
Gse Systems Inc (NYSEMKT:GVP)
Filing Date:
2024-04-05
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Jonathan Honig 180,914 180,914 180,914 5.963%
Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9 180,914 180,914 180,914 5.963%
Filing
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. __)

 

GSE SYSTEMS, INC.

 

(Name of Issuer)

 

COMMON STOCK, PAR VALUE $0.01 PER SHARE

 

(Title of Class of Securities)

 

36227K205

 

(CUSIP Number)

 

February 21, 2024

 

(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(c)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

(Continued on following page(s)

 

Page 1 of 6 Pages

 

 

 

 

 

 

CUSIP No. 36227K205   13G   Page 2 of 6 Pages

 

1.

NAMES OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Jonathan Honig

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:

 

(a) ☐

(b) ☒

3.

SEC USE ONLY

 

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

5.

SOLE VOTING POWER

 

None

6.

SHARED VOTING POWER

 

180,914 Shares (1) (2)

7.

SOLE DISPOSITIVE POWER

 

None

8.

SHARED DISPOSITIVE POWER

 

180,914 Shares (1) (2)

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

180,914 Shares (1) (2)

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.963% (1) (2)

12.

TYPE OF REPORTING PERSON

 

IN

 

(1)Based on 3,034,139 shares outstanding as of December 31, 2023.

 

(2)Includes 100,414 shares of common stock held by Jonathan Honig individually and 80,500 shares of common stock held by Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013. Jonathan Honig is the husband of Elizabeth Honig, who is the sole trustee and beneficial owner of the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013. Jonathan Honig and Elizabeth Honig share voting and dispositive power of the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013, but Jonathan Honig disclaims beneficial ownership of the shares of common stock held by Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013.

 

 

 

 

CUSIP No. 36227K205   13G   Page 3 of 6 Pages

 

1.

NAMES OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:

 

(a) ☐

(b) ☒

3.

SEC USE ONLY

 

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Florida

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

5.

SOLE VOTING POWER

 

None

6.

SHARED VOTING POWER

 

180,914 Shares (1) (2)

7.

SOLE DISPOSITIVE POWER

 

None

8.

SHARED DISPOSITIVE POWER

 

180,914 Shares (1) (2)

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

180,914 Shares (1) (2)

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.963% (1) (2)

12.

TYPE OF REPORTING PERSON

 

CO

 

(1)Based on 3,034,139 shares outstanding as of December 31, 2023.

 

(2)Includes 100,414 shares of common stock held by Jonathan Honig individually and 80,500 shares of common stock held by Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013. Jonathan Honig is the husband of Elizabeth Honig, who is the sole trustee and beneficial owner of the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013. Jonathan Honig and Elizabeth Honig share voting and dispositive power of the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013, but Jonathan Honig disclaims beneficial ownership of the shares of common stock held by Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013.

 

 

 

 

CUSIP No. 36227K205   13G   Page 4 of 6 Pages

 

ITEM 1 (a) NAME OF ISSUER:

 

GSE Systems, Inc.

 

ITEM 1 (b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

6940 Columbia Gateway Drive, Suite 470, Columbia, MD 21045

 

ITEM 2 (a) NAME OF PERSON FILING:

 

The statement is filed on behalf of Jonathan Honig and Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013 (collectively, the “Reporting Persons”). Jonathan Honig is the husband of Elizabeth Honig, who is the sole trustee and beneficial owner of the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013. Jonathan Honig and Elizabeth Honig share voting and dispositive power of the Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013, but Jonathan Honig disclaims beneficial ownership of the shares of common stock held by Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013.

 

ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

 

5825 Windsor Court, Boca Raton, FL 33496

 

ITEM 2 (c) CITIZENSHIP:

 

Jonathan Honig is a citizen of the United States. Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013 is organized in the State of Florida.

 

ITEM 2 (d) TITLE OF CLASS OF SECURITIES:

 

Common Stock, par value $0.01 per share

 

ITEM 2 (e) CUSIP NUMBER: 36227K205

 

ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B):

 

Not applicable

 

ITEM 4 OWNERSHIP

 

The information required by Items 4(a) – (c) is set forth in rows (5) – (11) of the cover page for each of the Reporting Persons hereto, including footnotes, and is incorporated herein by reference for the Reporting Persons. The percentage set forth in Row (11) of the cover page for each of the Reporting Persons is based on a total of 3,034,139 shares of Common Stock outstanding of the Issuer as of December 31, 2023. The information set forth in Rows (5) – (11) of the cover page for each of the Reporting Persons hereto is made as of February 21, 2024.

 

ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

 

Not applicable

 

 

 

 

CUSIP No. 36227K205   13G   Page 5 of 6 Pages

 

ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 

Not applicable

 

ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

 

Not applicable

 

ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP

 

Jonathan Honig is an individual who is a citizen of the United States. Elizabeth Honig TR FBO Elizabeth Honig Lifetime Trust UA July 9, 2013 is organized in the State of Florida.

 

ITEM 9 NOTICE OF DISSOLUTION OF GROUP

 

Not applicable

 

 

 

 

CUSIP No. 36227K205   13G   Page 6 of 6 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  April 5, 2024
  (Date)
   
  /s/ Jonathan Honig
  (Signature)
   
  Jonathan Honig, Individually
  (Name/Title)
   
  /s/ Elizabeth Honig
  (Signature)
   
  Elizabeth Honig
  Trustee of Elizabeth Honig TR FBO Elizabeth Honig
  Lifetime Trust UA July 9, 2013
  (Name/Title)