GitLab Insider Filing: Sullivan Adds 4,906 RSUs, No Shares Sold
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GitLab (NASDAQ:GTLB) director Godfrey Sullivan filed a Form 4 on 29 June 2025 disclosing the receipt of 4,906 restricted stock units (RSUs) on 20 June 2025 under the company’s annual non-employee director equity program. Each RSU converts into one share of Class A common stock. The entire award vests on the earlier of the 2026 annual shareholder meeting or one year from the grant date, subject to Sullivan’s continued board service. After the grant, Sullivan’s total beneficial ownership is 134,819 Class A shares, which includes unvested RSUs. No shares were sold and no cash consideration was paid.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SULLIVAN GODFREY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,906 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 134,819 shares (Direct)
Footnotes (1)
- Represents an annual grant of restricted stock units ("RSUs") for non-employee board service. Each RSU represents a right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock upon vesting. The shares underlying the RSUs will fully vest on the earlier of (1) the date of the following year's annual meeting of the Company's stockholders and (2) the date that is one year following the date of grant (the "Vesting Date"), subject to the reporting person's continued service to the Company on the applicable Vesting Date. Includes shares of Class A Common Stock that have not yet vested.
FAQ
What is Godfrey Sullivan’s total beneficial ownership in GitLab after this grant?
Following the RSU award, Sullivan beneficially owns 134,819 Class A shares, which include unvested stock.