GitLab director receives 7,555 RSU share grant
SULLIVAN GODFREY reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
SULLIVAN GODFREY reported acquisition or exercise transactions in this Form 4 filing.
Gitlab Inc. director Godfrey Sullivan received a grant of 7,555 restricted stock units of Class A Common Stock for non-employee board service. These RSUs vest in full on the earlier of the next annual stockholder meeting or one year from grant, assuming continued service, bringing his direct holdings to 142,374 shares including unvested awards.
Insider Trade Summary
Grant/Award: 7,555 shares
Grant/Award
1 txn
Insider
SULLIVAN GODFREY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,555 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 142,374 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes shares of Class A Common Stock that have not yet vested.
Key Figures
RSUs granted: 7,555 shares
Grant price: $0.00 per share
Shares held after grant: 142,374 shares
3 metrics
RSUs granted
7,555 shares
Annual RSU grant for non-employee board service
Grant price
$0.00 per share
Equity award, no cash paid by director
Shares held after grant
142,374 shares
Direct holdings including unvested RSUs
Key Terms
restricted stock units ("RSUs"), Class A Common Stock, annual meeting of the Company's stockholders, 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.
annual meeting of the Company's stockholders financial
"will fully vest on the earlier of (1) the date of the following year's annual meeting of the Company's stockholders"
non-employee board service financial
"Represents an annual grant of restricted stock units ("RSUs") for non-employee board service."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Gitlab (GTLB) director Godfrey Sullivan report on this Form 4?
Godfrey Sullivan reported receiving 7,555 restricted stock units of Gitlab Class A Common Stock as compensation for non-employee board service. The award is a stock-based grant, not an open-market purchase, and increases his direct equity stake in the company.
What are the vesting terms of Godfrey Sullivan’s new Gitlab (GTLB) RSUs?
The 7,555 RSUs will fully vest on the earlier of the next annual meeting of Gitlab’s stockholders or one year from the grant date. Vesting depends on Sullivan’s continued service to the company through the applicable vesting date outlined in the award terms.
Is Godfrey Sullivan’s Gitlab (GTLB) Form 4 transaction a stock purchase or sale?
The Form 4 reports a stock-based award, not a purchase or sale. The transaction code is “A,” indicating a grant or award of 7,555 RSUs as compensation for non-employee board service, with no price paid per share in this transaction.
What does each Gitlab (GTLB) RSU granted to Godfrey Sullivan represent?
Each RSU represents a right to receive one share of Gitlab Class A Common Stock upon vesting. Once the vesting conditions are met, the RSUs settle in shares, increasing Sullivan’s directly owned stock, subject to any applicable tax or settlement procedures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
