Gitlab grants 279,627 RSUs to legal chief
Lloyd Thomas J. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Lloyd Thomas J. reported acquisition or exercise transactions in this Form 4 filing.
Gitlab Inc. granted Chief Business & Legal Officer Thomas J. Lloyd 279,627 time-based restricted stock units (RSUs), each representing one share of Class A Common Stock. The RSUs begin vesting on March 15, 2027 and vest quarterly, subject to his continued service, becoming fully vested on September 15, 2030. Reported holdings of 279,627 shares include unvested shares underlying these RSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 279,627 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents a grant of time-based restricted stock units ("RSU"), with each RSU representing a contingent right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock subject to the reporting person's continued service to the Company on each applicable vesting date. These RSUs shall vest as follows: 36% of the RSUs shall vest as follows: 18% will vest on March 15, 2027 and 9% will vest on each of June 15, 2027 and September 15, 2027. 30% of the total number of RSUs shall vest in equal quarterly installments over the second year following the Vesting Commencement Date, on each of March 15, June 15, September 15, and December 15 (each, a "Quarterly Vesting Date"). The remaining 34% of the total number of RSUs shall vest in equal quarterly installments over the third and fourth years following the Vesting Commencement Date (17% per year), on each Quarterly Vesting Date, such that the RSUs shall be fully vested on September 15, 2030.
- F2. Includes shares of Class A Common Stock that have not yet vested.
Key Figures
Key Terms
restricted stock units financial
Vesting Commencement Date financial
Quarterly Vesting Date financial
Class A Common Stock financial
vesting date financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did Gitlab (GTLB) grant to Thomas J. Lloyd?
When do Thomas J. Lloyd’s new Gitlab (GTLB) RSUs start vesting?
Over what period will Thomas J. Lloyd’s Gitlab (GTLB) RSUs fully vest?
What conditions apply to the vesting of Thomas J. Lloyd’s Gitlab (GTLB) RSUs?
Did Thomas J. Lloyd pay a purchase price for his new Gitlab (GTLB) RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.