Gitlab (NASDAQ: GTLB) grants 17,592 RSUs to Chief Accounting Officer
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. 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
- 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 | 17,592 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 62,635 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: 17,592 RSUs
Grant price: $0.00 per share
Total direct holdings after grant: 62,635 shares
3 metrics
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
Key Terms
restricted stock units ("RSU"), Quarterly Vesting Date, time-based restricted stock units
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
""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.
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.