[Form 4] Gitlab Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ross Jessica P
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 93,852 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 93,852 shares (Direct, null)
Footnotes (1)
- 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. 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. The PSUs will vest in tranches upon certification of achievement of performance criteria for each tranche. If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire.
Key Figures
Performance Stock Units granted: 93,852 units
PSU grant price: $0.0000 per unit
Underlying Class A shares: 93,852 shares
+1 more
4 metrics
Performance Stock Units granted
93,852 units
Award to CFO Jessica P. Ross
PSU grant price
$0.0000 per unit
Compensation grant, not market purchase
Underlying Class A shares
93,852 shares
One share of Class A Common Stock per PSU at target
Derivative holdings after grant
93,852 units
Total PSUs held following the reported transaction
Key Terms
Performance Stock Units, Class A Common Stock, performance criteria, target level, +1 more
5 terms
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share..."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Class A Common Stock financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's Class A Common Stock..."
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.
performance criteria financial
"subject to the achievement of certain performance criteria and the reporting person's continued service..."
target level financial
"represents the number of shares... assuming achievement at the "target" level of the corporate performance metrics..."
vest in tranches financial
"The PSUs will vest in tranches upon certification of achievement of performance criteria..."