Gitlab (NASDAQ: GTLB) CAO uses 3,908 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gitlab Inc. Chief Accounting Officer Simon Mundy reported two routine share dispositions linked to restricted stock unit vesting. On June 17, 2026, 2,394 Class A shares were delivered at a weighted average price of $27.29 to cover tax obligations, followed by 1,514 shares on June 22, 2026 at $26.17. After these tax-withholding transactions, Mundy directly holds 114,057 Class A shares, including shares that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mundy Simon
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,514 | $26.17 | $40K |
| Tax Withholding | Class A Common Stock | 2,394 | $27.29 | $65K |
Holdings After Transaction:
Class A Common Stock — 114,057 shares (Direct, null)
Footnotes (1)
- Represents shares of GitLab Inc.'s (the "Company") Class A Common Stock sold to satisfy the reporting person's tax obligations arising as a result of the vesting of a portion of a restricted stock unit award. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.51 to $27.80, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.23 to $26.95, 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.
Key Figures
Tax-withholding shares total: 3,908 shares
June 17 2026 disposition: 2,394 shares at $27.29/share
June 22 2026 disposition: 1,514 shares at $26.17/share
+3 more
6 metrics
Tax-withholding shares total
3,908 shares
Class A Common Stock delivered for tax obligations
June 17 2026 disposition
2,394 shares at $27.29/share
Tax-withholding disposition, Class A Common Stock
June 22 2026 disposition
1,514 shares at $26.17/share
Tax-withholding disposition, Class A Common Stock
Post-transaction holdings
114,057 shares
Direct Class A Common Stock after June 22 2026
Price range footnote 1
$26.51–$27.80
Weighted average price range for multiple trades
Price range footnote 2
$25.23–$26.95
Weighted average price range for multiple trades
Key Terms
restricted stock unit award, weighted average price, tax obligations, Class A Common Stock, +1 more
5 terms
restricted stock unit award financial
"arising as a result of the vesting of a portion of a restricted stock unit award"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax obligations financial
"sold to satisfy the reporting person's tax obligations arising as a result"
Class A Common Stock financial
"Represents shares of GitLab Inc.'s (the "Company") Class A Common Stock sold"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Gitlab (GTLB) executive Simon Mundy report in this Form 4?
Simon Mundy, Gitlab’s Chief Accounting Officer, reported two dispositions totaling 3,908 Class A shares. The shares were delivered to satisfy tax obligations from vesting restricted stock units, rather than discretionary open-market sales, and are recorded as tax-withholding transactions.