Gitlab (NASDAQ: GTLB) awards 279,627 RSUs to chief business & legal officer
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 279,627 shares
Net Buy
1 txn
Insider
Lloyd Thomas J.
Role
Chief Business & Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 279,627 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 279,627 shares (Direct)
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
RSUs granted: 279,627 shares
Grant price per share: $0.0000
Shares following transaction: 279,627 shares
+2 more
5 metrics
RSUs granted
279,627 shares
Time-based RSU award of Class A Common Stock on 2026-07-17
Grant price per share
$0.0000
Non-cash equity grant; no purchase price paid by reporting person
Shares following transaction
279,627 shares
Direct beneficial ownership of Class A Common Stock after award
Initial vesting date
March 15, 2027
18% of RSUs scheduled to vest on this date, subject to service
Full vesting date
September 15, 2030
RSUs scheduled to be fully vested by this date
Key Terms
restricted stock units, Vesting Commencement Date, Quarterly Vesting Date, Class A Common Stock, +1 more
5 terms
restricted stock units financial
"Represents a grant of time-based restricted stock units ("RSU"), with each RSU"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Vesting Commencement Date financial
"over the second year following the Vesting Commencement Date, on each of March"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Quarterly Vesting Date financial
"on each of March 15, June 15, September 15, and December 15 (each, a "Quarterly Vesting Date")"
Class A Common Stock financial
"receive one share of Gitlab Inc. (the "Company") Class A Common Stock subject"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting date financial
"subject to the reporting person's continued service to the Company on each applicable vesting date."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Gitlab (GTLB) grant to Thomas J. Lloyd?
Gitlab granted Thomas J. Lloyd 279,627 time-based restricted stock units (RSUs), with each RSU representing a contingent right to receive one share of Gitlab Class A Common Stock, subject to future vesting conditions tied to continued service.
When do Thomas J. Lloyd’s new Gitlab (GTLB) RSUs start vesting?
The RSUs are scheduled to start vesting on March 15, 2027. An initial 18% vests then, with additional tranches vesting on June 15 and September 15, 2027, followed by further quarterly vesting dates over subsequent years.
Over what period will Thomas J. Lloyd’s Gitlab (GTLB) RSUs fully vest?
The RSUs are expected to be fully vested by September 15, 2030. After 2027 installments, 30% vests in equal quarterly installments in the second year, and the remaining 34% vests quarterly over the third and fourth years.
What conditions apply to the vesting of Thomas J. Lloyd’s Gitlab (GTLB) RSUs?
Vesting of all 279,627 RSUs is conditioned on Thomas J. Lloyd’s continued service with Gitlab on each applicable vesting date. If service ends before a vesting date, the unvested RSUs for that date do not vest under this award.
Did Thomas J. Lloyd pay a purchase price for his new Gitlab (GTLB) RSUs?
No cash purchase price is reported; the transaction price per share is shown as $0.0000. The RSUs represent a compensatory equity grant rather than an open-market stock purchase, with value realized only as units vest into shares.