Gitlab director receives 7,555-share RSU award
Gitlab Inc. director Susan L. Bostrom received a grant of 7,555 restricted stock units (RSUs) of Class A Common Stock for non-employee board service.
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Form Type
4
Rhea-AI Filing Summary
Gitlab Inc. director Susan L. Bostrom received a grant of 7,555 restricted stock units (RSUs) of Class A Common Stock for non-employee board service. Each RSU converts into one share upon vesting. The RSUs fully vest on the earlier of the next annual stockholder meeting or one year from the grant date, subject to her continued service. Following this award, she holds 24,874 Class A shares, including unvested shares.
Insider Trade Summary
Grant/Award: 7,555 shares
Grant/Award
1 txn
Insider
BOSTROM SUSAN L
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 — 24,874 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
RSU grant size: 7,555 RSUs
Grant price per share: $0.0000 per share
Post-grant holdings: 24,874 shares
+1 more
4 metrics
RSU grant size
7,555 RSUs
Annual equity award for non-employee board service
Grant price per share
$0.0000 per share
Reported transaction price for RSU grant
Post-grant holdings
24,874 shares
Class A Common Stock held after transaction, including unvested
Vesting term
Earlier of next annual meeting or 1 year
Full vesting schedule for RSUs, subject to continued service
Key Terms
restricted stock units ("RSUs"), Class A Common Stock, annual meeting of the Company's stockholders, Vesting Date
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 regulatory
"will fully vest on the earlier of (1) the date of the following year's annual meeting of the Company's stockholders"
Vesting Date financial
"the date that is one year following the date of grant (the "Vesting Date")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Gitlab Inc. (GTLB) report for Susan L. Bostrom?
Gitlab reported that director Susan L. Bostrom received a grant of 7,555 restricted stock units of Class A Common Stock. The grant is compensation for non-employee board service and involves no cash purchase price per share.
What are the vesting terms of Susan L. Bostrom’s new Gitlab RSUs?
The 7,555 RSUs will fully vest on the earlier of the next annual meeting of Gitlab stockholders or one year from the grant date. Vesting is conditioned on her continued service to the company through the applicable vesting date.
Does Susan L. Bostrom pay cash for the Gitlab RSUs granted?
No, the RSUs were granted at a reported price of $0.0000 per share, reflecting an equity award rather than a cash purchase. Each RSU represents the right to receive one share upon satisfying vesting conditions.
What type of security was granted to Susan L. Bostrom by Gitlab (GTLB)?
She received restricted stock units, or RSUs, tied to Gitlab Class A Common Stock. Each RSU entitles her to one share when vesting conditions are met, providing equity-based compensation for non-employee board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
