Gitlab CEO has 26,425 shares withheld for tax
Gitlab’s CEO had shares withheld to cover RSU tax liabilities, leaving over 700,000 Class A shares held directly.
Rhea-AI Filing Summary
Gitlab Inc. (GTLB) reported that Chief Executive Officer and director William Staples had 26,425 shares of Class A Common Stock withheld on September 15, 2026 to pay tax liabilities arising from the net settlement of restricted stock units. After this tax-withholding disposition, he holds 732,403 shares directly, including unvested shares.
No Rule 10b5-1 trading plan is reported for this transaction, and the shares were withheld by the issuer rather than sold in the open market.
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Insights
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Insider Trade Summary
Tax Withholding: 26,425 shares
Tax Withholding
1 txn
Insider
Staples William
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 26,425 | $49.25 | $1.30M |
Holdings After Transaction:
Class A Common Stock — 732,403 shares (Direct)
Footnotes (2)
- F1. The reported transaction represents the number of shares of Class A Common Stock that were withheld by the Issuer to satisfy tax liabilities incurred in connection with the net settlement of restricted stock units.
- F2. Includes shares of Class A Common Stock that have not yet vested.
Key Figures
Shares withheld for tax: 26,425 shares
Per-share value for tax withholding: $49.25 per share
Shares held after transaction: 732,403 shares
3 metrics
Shares withheld for tax
26,425 shares
Class A Common Stock withheld on September 15, 2026 to pay RSU tax liabilities
Per-share value for tax withholding
$49.25 per share
Value applied to 26,425 withheld shares on September 15, 2026
Shares held after transaction
732,403 shares
Directly held Class A Common Stock following the September 15, 2026 withholding, including unvested shares
Key Terms
net settlement, restricted stock units, withheld by the Issuer
3 terms
net settlement financial
"incurred in connection with the net settlement of restricted stock units"
restricted stock units financial
"tax liabilities incurred in connection with the net settlement of restricted stock units"
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.
withheld by the Issuer financial
"shares of Class A Common Stock that were withheld by the Issuer to satisfy tax liabilities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Gitlab (GTLB) report for CEO William Staples?
Gitlab reported that CEO William Staples had 26,425 shares of Class A Common Stock withheld on September 15, 2026 to pay tax liabilities from the net settlement of restricted stock units, classified as a tax-withholding disposition rather than a market sale.
Was the Gitlab (GTLB) CEO’s September 2026 transaction an open-market sale?
No. The filing states the 26,425 shares were withheld by the issuer to satisfy tax liabilities from the net settlement of restricted stock units, not sold in the open market.
Was the Gitlab (GTLB) CEO’s Form 4 transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the September 15, 2026 transaction was made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.