Gitlab (NASDAQ: GTLB) awards 55,330 RSUs to CAO Simon Mundy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mundy Simon reported acquisition or exercise transactions in this Form 4 filing.
Gitlab Inc. granted Chief Accounting Officer Simon Mundy 55,330 time-based restricted stock units (RSUs) of Class A Common Stock at no cash cost, as executive equity compensation. Each RSU represents one share, subject to his continued service on each vesting date.
The RSUs will vest over three years beginning on June 15, 2026, with vesting scheduled on June 15, September 15, December 15, and March 15 of each year. Following this grant, Mundy directly holds 117,965 shares of Class A Common Stock, including shares that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mundy Simon
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 55,330 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 117,965 shares (Direct, null)
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 Quarterly Vesting Date. The RSUs shall be satisfied over a three-year period beginning June 15, 2026. "Quarterly Vesting Date" means each of June 15, September 15, December 15, and March 15. Includes shares of Class A Common Stock that have not yet vested.
Key Figures
RSUs granted: 55,330 shares
Grant price: $0.00 per share
Total shares after grant: 117,965 shares
+2 more
5 metrics
RSUs granted
55,330 shares
Time-based RSU award to CAO on June 15, 2026 start vesting date
Grant price
$0.00 per share
Equity compensation grant, no cash paid by insider
Total shares after grant
117,965 shares
Direct Class A Common Stock holdings following the RSU award
Vesting period
3 years
RSUs satisfied over three-year period beginning June 15, 2026
Quarterly vesting dates
June 15, September 15, December 15, March 15
Defined Quarterly Vesting Dates for the RSU grant
Key Terms
restricted stock units ("RSU"), Quarterly Vesting Date, Class A Common Stock
3 terms
restricted stock units ("RSU") financial
"Represents a grant of time-based restricted stock units ("RSU"), with each RSU representing a contingent right to receive one share"
Quarterly Vesting Date financial
"The RSUs shall be satisfied over a three-year period beginning June 15, 2026. "Quarterly Vesting Date" means each of June 15, September 15,"
Class A Common Stock financial
"each RSU representing a contingent right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock"
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.
FAQ
What insider transaction did Gitlab (GTLB) report for Simon Mundy?
Gitlab reported a grant of 55,330 RSUs of Class A Common Stock to Chief Accounting Officer Simon Mundy. The award is part of his equity compensation and does not involve a cash purchase, with each RSU representing the right to receive one share upon vesting.
How do the new RSUs for Gitlab (GTLB) CAO vest over time?
The 55,330 RSUs granted to Gitlab’s Chief Accounting Officer vest over three years beginning June 15, 2026. Vesting occurs quarterly on June 15, September 15, December 15, and March 15, subject to his continued service with the company on each vesting date.
What type of security was granted to Gitlab (GTLB) executive Simon Mundy?
Gitlab granted time-based restricted stock units (RSUs) tied to its Class A Common Stock to Chief Accounting Officer Simon Mundy. Each RSU equals one share when it vests, aligning his compensation with shareholder equity over the three-year vesting period.