GitLab (GTLB) grants 7,555 RSUs to board member Bedi
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gitlab Inc. director Sundeep Bedi received a grant of 7,555 restricted stock units (RSUs) of Class A Common Stock for non-employee board service. Each RSU converts into one share upon vesting, which occurs on the earlier of next year’s annual stockholder meeting or one year from grant, subject to continued service. Following this award, he directly holds 24,874 shares, including unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bedi Sundeep
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,555 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 24,874 shares (Direct, null)
Footnotes (1)
- Represents an annual grant of restricted stock units ("RSUs") for non-employee board service. Each RSU represents a right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock upon vesting. The shares underlying the RSUs will fully vest on the earlier of (1) the date of the following year's annual meeting of the Company's stockholders, and (2) the date that is one year following the date of grant (the "Vesting Date"), subject to the reporting person's continued service to the Company on the applicable Vesting Date. Includes shares of Class A Common Stock that have not yet vested.
Key Figures
RSU grant size: 7,555 RSUs
Post-transaction holdings: 24,874 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
RSU grant size
7,555 RSUs
Annual grant for non-employee board service
Post-transaction holdings
24,874 shares
Direct Class A Common Stock, including unvested RSUs, after grant
Grant price per share
$0.0000 per share
Stock-based award with no cash purchase price
Transaction code
Code A (grant/award acquisition)
Indicates non-derivative stock grant on Form 4
Key Terms
restricted stock units ("RSUs"), Class A Common Stock, non-employee board service, Vesting Date
4 terms
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for non-employee board service."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Class A Common Stock financial
"Each RSU represents a right to receive one share of Gitlab Inc. Class A Common Stock upon vesting."
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.
non-employee board service financial
"Represents an annual grant of restricted stock units ("RSUs") for non-employee board service."
Vesting Date financial
"the date that is one year following the date of grant (the "Vesting Date"),"
FAQ
What did Gitlab (GTLB) director Sundeep Bedi report in this Form 4?
Sundeep Bedi reported receiving 7,555 restricted stock units (RSUs) of Gitlab Class A Common Stock as compensation for non-employee board service. This is a stock-based award, not a cash transaction, and increases his direct holdings to 24,874 shares including unvested RSUs.
When will Sundeep Bedi’s new Gitlab (GTLB) RSUs vest?
The RSUs will fully vest on the earlier of the next annual meeting of Gitlab stockholders or one year after the grant date. Vesting is conditional on his continued service to the company through the applicable vesting date for this annual board grant.