Gitlab (NASDAQ: GTLB) CFO awarded 530,785 RSUs vesting over 4 years
Rhea-AI Filing Summary
Ross Jessica P reported acquisition or exercise transactions in this Form 4 filing.
Gitlab Inc. reported that Chief Financial Officer Jessica P. Ross received a grant of 530,785 time-based restricted stock units (RSUs), each representing one share of Class A Common Stock. The award is a compensation grant at a reported price of $0.00 per share, not an open-market purchase.
The RSUs vest over four years: 2/16 of the grant vests on September 15, 2026, and 1/16 vests on each Quarterly Vesting Date thereafter, defined as December 15, March 15, and June 15. Following this award, Ross directly holds 530,785 shares, including unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 530,785 | $0.00 | -- |
Footnotes (1)
- Represents a grant of time-based restricted stock units ("RSU"), with each RSU representing a contingent right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock subject to the reporting person's continued service to the Company on each applicable vesting date. The RSUs shall be satisfied over a four-year period, as follows: (a) 2/16 of the grant shall vest on September 15, 2026; (b) and thereafter, 1/16 of the grant shall vest on each Quarterly Vesting Date. "Quarterly Vesting Date" means each of December 15, March 15, June 15. Includes shares of Class A Common Stock that have not yet vested.
FAQ
What insider transaction did Gitlab (GTLB) report for CFO Jessica Ross?
Gitlab reported that CFO Jessica P. Ross received a grant of 530,785 restricted stock units. Each RSU represents a right to one share of Class A Common Stock, awarded as equity compensation rather than an open-market purchase, with vesting tied to continued service.
What is the vesting schedule for Jessica Ross’s Gitlab (GTLB) RSUs?
The RSUs vest over four years. Two-sixteenths vest on September 15, 2026, and the remaining one-sixteenth vests on each Quarterly Vesting Date, defined as December 15, March 15, and June 15, subject to Ross’s continued service with Gitlab.
Did Jessica Ross pay cash for the Gitlab (GTLB) RSU award?
No cash was paid for this grant. The Form 4 shows a transaction price of $0.00 per share, indicating the 530,785 restricted stock units were granted as part of compensation, not purchased in the open market or through a cash transaction.