Gitlab (NASDAQ: GTLB) director awarded 7,555 RSUs for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gitlab Inc. director David J. Henshall received an equity grant in the form of restricted stock units for his non-employee board service. He was awarded 7,555 RSUs of Class A Common Stock at no cash cost, bringing his direct holdings to 17,879 shares, including unvested amounts.
Each RSU converts into one share of Class A Common Stock upon vesting. The RSUs will fully vest on the earlier of the next annual stockholder meeting or one year from the grant date, as long as Henshall continues serving on the board through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HENSHALL DAVID J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,555 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 17,879 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
Grant price per share: $0.00 per share
Shares held after grant: 17,879 shares
+1 more
4 metrics
RSU grant size
7,555 RSUs
Annual grant for non-employee board service
Grant price per share
$0.00 per share
Equity compensation, not an open-market purchase
Shares held after grant
17,879 shares
Total direct holdings after transaction, including unvested RSUs
Vesting timeline
Earlier of next annual meeting or one year
RSUs fully vest subject to continued service
Key Terms
restricted stock units ("RSUs"), Class A Common Stock, Vesting Date, non-employee board service
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.
Vesting Date financial
"one year following the date of grant (the "Vesting Date"), subject to the reporting person's continued service"
non-employee board service financial
"Represents an annual grant of restricted stock units ("RSUs") for non-employee board service."
FAQ
What did Gitlab (GTLB) director David J. Henshall receive in this Form 4 filing?
David J. Henshall received a grant of 7,555 restricted stock units (RSUs) of Gitlab Class A Common Stock for non-employee board service. These RSUs are equity compensation, not an open-market purchase, and convert into shares when they vest according to the stated schedule.
What are the vesting terms of the Gitlab (GTLB) RSUs granted to David J. Henshall?
The 7,555 RSUs will fully vest on the earlier of Gitlab’s next annual stockholder meeting or one year from the grant date. Vesting is conditional on Henshall’s continued service to the company through the applicable vesting date described in the filing footnote.
Did David J. Henshall pay cash for the Gitlab (GTLB) RSU grant reported on Form 4?
No, the RSU grant was awarded at a reported price of $0.00 per share, reflecting stock-based compensation. RSUs are granted as part of non-employee board compensation and convert into shares upon vesting, rather than being purchased in the open market.
Is the Gitlab (GTLB) Form 4 for David J. Henshall a routine board compensation grant?
Yes, the filing describes the award as an annual grant of RSUs for non-employee board service. The structure and vesting terms follow a standard director compensation arrangement, contingent on continued service until the specified vesting date or the next annual meeting.