Gitlab (GTLB) CEO has 26,425 shares withheld to cover tax liabilities
Rhea-AI Filing Summary
Gitlab Inc. Chief Executive Officer William Staples reported a routine tax-related share withholding. On June 17, 2026, 26,425 shares of Class A Common Stock were withheld by Gitlab at $28.31 per share to satisfy tax liabilities from net-settled restricted stock units. After this transaction, Staples directly held 754,640 shares of Class A Common Stock, which includes shares that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,425 shares
Net Sell
1 txn
Insider
Staples William
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 26,425 | $28.31 | $748K |
Holdings After Transaction:
Class A Common Stock — 754,640 shares (Direct)
Footnotes (2)
- F1. The reported transaction represents the number of shares of Class A Common Stock that were withheld by the Issuer to satisfy tax liabilities incurred in connection with the net settlement of restricted stock units.
- F2. Includes shares of Class A Common Stock that have not yet vested.
Key Figures
Tax-withheld shares: 26,425 shares
Withholding share value: $28.31 per share
Post-transaction holdings: 754,640 shares
+1 more
4 metrics
Tax-withheld shares
26,425 shares
Class A Common Stock withheld to satisfy tax liabilities
Withholding share value
$28.31 per share
Value used for tax-withholding disposition on June 17, 2026
Post-transaction holdings
754,640 shares
Class A Common Stock held directly after transaction, includes unvested
Tax-withholding transactions
1 transaction, 26,425 shares
Summary of tax-withholding activity in this Form 4
Key Terms
restricted stock units, net settlement, tax liabilities, withheld by the Issuer
4 terms
restricted stock units financial
"tax liabilities incurred in connection with the net settlement of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement financial
"incurred in connection with the net settlement of restricted stock units."
tax liabilities financial
"were withheld by the Issuer to satisfy tax liabilities incurred in connection"
withheld by the Issuer financial
"shares of Class A Common Stock that were withheld by the Issuer to satisfy tax liabilities"
FAQ
What did Gitlab (GTLB) CEO William Staples report in this Form 4?
William Staples reported that 26,425 Gitlab Class A shares were withheld to cover tax liabilities from restricted stock unit settlement. This is a non-market, tax-withholding disposition, not an open-market purchase or sale, and is part of routine equity compensation administration.
Was this Gitlab (GTLB) Form 4 a market sale by the CEO?
No, the Form 4 shows a tax-withholding disposition, not a market sale. Gitlab withheld 26,425 shares to cover William Staples’ tax liabilities from restricted stock units, a common non-discretionary mechanism in equity compensation plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.