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.
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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.
How many Gitlab (GTLB) shares are covered by Jessica Ross’s new RSU grant?
The grant covers 530,785 restricted stock units, each linked to one share of Gitlab Class A Common Stock. This entire amount was reported as directly owned after the transaction, including shares that have not yet vested and remain subject to the vesting schedule.
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.
What does the Form 4 say about unvested Gitlab (GTLB) shares for Jessica Ross?
The filing notes that the reported total includes shares of Class A Common Stock that have not yet vested. These unvested shares are represented by RSUs and remain contingent on meeting the vesting conditions tied to continued service at Gitlab.