[Form 4] Gitlab Inc. Insider Trading Activity
Gitlab Inc. reported that Chief Financial Officer Jessica P. Ross received a grant of 93,852 Performance Stock Units (PSUs).
Sentiment and the balance of points
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Rhea-AI Filing Summary
Gitlab Inc. reported that Chief Financial Officer Jessica P. Ross received a grant of 93,852 Performance Stock Units (PSUs). Each PSU represents a right to receive one share of Class A Common Stock if specific performance goals are met and she remains employed through the applicable vesting dates.
The PSUs are tied to corporate performance metrics set by the board and are described as a "target" level award. They vest in tranches when achievement of the relevant performance criteria is certified, and any portion tied to targets that are not achieved will expire instead of converting into shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 93,852 | $0.00 | $0.00 |
Footnotes (4)
- F1. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's Class A Common Stock, subject to the achievement of certain performance criteria and the reporting person's continued service to the Company on each applicable vesting date following such achievement.
- F2. The number of PSUs in this column represents the number of shares of Class A Common Stock the reporting person will receive assuming achievement at the "target" level of the corporate performance metrics set by the Company's Board of Directors for this award.
- F3. The PSUs will vest in tranches upon certification of achievement of performance criteria for each tranche.
- F4. If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire.
Key Figures
Key Terms
Performance Stock Units financial
Class A Common Stock financial
performance criteria financial
target level financial
vest in tranches financial
AI-generated analysis. How Rhea-AI works. Not financial advice.