GitLab (GTLB) CRO has shares sold to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GitLab Inc. Chief Revenue Officer Ian Steward reported a routine tax-related share disposition. On this Form 4, 3,652 shares of Class A Common Stock were sold at a weighted average price of $22.65 per share to satisfy tax obligations from the vesting of restricted stock units.
Following this tax-withholding transaction, Steward directly holds 172,887 shares of Class A Common Stock, which includes shares that have not yet vested. The sale was executed in multiple trades within a price range of $22.43 to $22.91.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steward Ian
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,652 | $22.65 | $83K |
Holdings After Transaction:
Class A Common Stock — 172,887 shares (Direct)
Footnotes (1)
- Represents shares of GitLab Inc.'s Class A Common Stock sold to satisfy the reporting person's tax obligations arising as a result of the vesting of restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.43 to $22.91, inclusive. The Reporting Person undertakes to provide to GitLab Inc., any security holder of GitLab Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. Includes shares of Class A Common Stock that have not yet vested.
FAQ
What insider transaction did GitLab (GTLB) report for Ian Steward?
GitLab reported that Chief Revenue Officer Ian Steward had 3,652 Class A shares sold to cover tax obligations from RSU vesting. This tax-withholding disposition is a routine event disclosed on a Form 4 insider filing.
Was Ian Steward’s GitLab (GTLB) transaction an open-market sale?
The transaction is characterized as a tax-withholding disposition related to RSU vesting. Shares were sold at market prices between $22.43 and $22.91, but the stated purpose was to satisfy the reporting person’s tax obligations, making it a routine compensatory event.