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Gitlab (NASDAQ: GTLB) grants 17,592 RSUs to Chief Accounting Officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Mundy Simon reported acquisition or exercise transactions in this Form 4 filing.

Gitlab Inc. reported that Chief Accounting Officer Simon Mundy received a grant of 17,592 time-based restricted stock units (RSUs) of Class A Common Stock on April 30, 2026. Each RSU represents a contingent right to one share, vesting quarterly over three years beginning June 15, 2026. Following this grant, Mundy directly holds 62,635 shares of Class A Common Stock, including shares that have not yet vested.

Positive

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Insider Mundy Simon
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock 17,592 $0.00 --
Holdings After Transaction: Class A Common Stock — 62,635 shares (Direct, null)
Footnotes (1)
  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.
RSUs granted 17,592 RSUs Time-based RSU award on April 30, 2026
Grant price $0.00 per share Reported price per share for RSU grant
Total direct holdings after grant 62,635 shares Class A Common Stock following RSU award
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
""Quarterly Vesting Date" means each of June 15, September 15, December 15, and March 15."
time-based restricted stock units financial
"Represents a grant of time-based restricted stock units ("RSU"), with each RSU representing a contingent right"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mundy Simon

(Last)(First)(Middle)
C/O GITLAB INC.

(Street)
NOT APPLICABLE DELAWARE

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Gitlab Inc. [ GTLB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock04/30/2026A17,592(1)A$062,635(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. Includes shares of Class A Common Stock that have not yet vested.
Remarks:
/s/ Robin Schulman, Attorney-in-Fact for Simon Mundy04/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Gitlab (GTLB) disclose about Simon Mundy in this Form 4?

Gitlab disclosed that Chief Accounting Officer Simon Mundy received 17,592 time-based restricted stock units of Class A Common Stock on April 30, 2026. These RSUs are part of his equity compensation and increase his direct holdings to 62,635 shares, including unvested shares.

How many Gitlab (GTLB) RSUs were granted to Simon Mundy?

Simon Mundy was granted 17,592 restricted stock units of Gitlab Class A Common Stock. Each RSU is a contingent right to receive one share, subject to continued service and quarterly vesting over a three-year period starting June 15, 2026.

What is the vesting schedule for Simon Mundy’s new Gitlab (GTLB) RSUs?

The 17,592 RSUs will be satisfied over three years beginning June 15, 2026. Vesting occurs on Quarterly Vesting Dates: June 15, September 15, December 15, and March 15, contingent on Mundy’s continued service with Gitlab on each vesting date.

What are Simon Mundy’s Gitlab (GTLB) share holdings after this Form 4?

After the RSU grant, Simon Mundy directly holds 62,635 shares of Gitlab Class A Common Stock. This figure includes shares underlying RSUs that have not yet vested, reflecting his total direct equity interest as reported in the Form 4.

Did Simon Mundy buy or sell Gitlab (GTLB) shares in this filing?

The filing shows no open-market buys or sells. Instead, Simon Mundy acquired 17,592 shares through a grant of restricted stock units at a reported price of $0.00 per share, which is standard for equity compensation awards rather than market transactions.

What does a Gitlab (GTLB) RSU grant at $0.00 per share mean?

A $0.00 per share price on RSUs indicates a compensation award, not a cash purchase. Mundy does not pay cash for these 17,592 RSUs; instead, shares are delivered for free as they vest, provided he continues serving Gitlab through each vesting date.