Gitlab (NASDAQ: GTLB) CLO logs RSU tax-withholding sale, 131,584 shares held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gitlab Inc. Chief Legal Officer and Corporate Secretary Robin Schulman reported a tax-related share disposition tied to restricted stock unit vesting. Schulman had 4,359 shares of Class A Common Stock sold to satisfy tax obligations at a weighted average price of $22.65 per share, with individual sale prices ranging from $22.43 to $22.91. After this transaction, Schulman holds 131,584 shares of Class A Common Stock, which includes shares that have not yet vested. This event reflects tax-withholding mechanics rather than an open-market investment decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schulman Robin
Role
Chief Legal Officer & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 4,359 | $22.65 | $99K |
Holdings After Transaction:
Class A Common Stock — 131,584 shares (Direct)
Footnotes (1)
- Represents shares of GitLab Inc.'s Class A Common Stock sold to satisfy the reporting person's tax obligations arising as a result of the vesting of restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.43 to $22.91, inclusive. The Reporting Person undertakes to provide to GitLab Inc., any security holder of GitLab Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. Includes shares of Class A Common Stock that have not yet vested.
FAQ
What insider transaction did Gitlab (GTLB) report for Robin Schulman?
Robin Schulman reported a tax-related share disposition. She had 4,359 Gitlab Class A shares sold to cover tax obligations from restricted stock unit vesting, a routine withholding event rather than a discretionary open-market trade.
Was the Gitlab (GTLB) insider transaction an open-market sale?
No, the transaction was for tax withholding tied to RSU vesting. The 4,359 shares were sold specifically to satisfy Schulman’s tax obligations arising from restricted stock unit vesting, not a discretionary open-market share sale.
What role does Robin Schulman hold at Gitlab (GTLB)?
Robin Schulman is Gitlab’s Chief Legal Officer and Corporate Secretary. As a senior executive, her equity transactions, including tax-withholding dispositions related to restricted stock units, are reported to provide transparency into insider holdings.