[Form 4] Rocky Brands, Inc. Insider Trading Activity

Rhea-AI Filing Summary

GitLab Inc. (NASDAQ: GTLB) has filed a Form 144 disclosing the proposed sale of 1,214 shares of its Class A common stock under Rule 144. The shares, valued at roughly $55,249, account for less than 0.001 % of the company’s approximately 146.1 million shares outstanding, making the transaction immaterial to GitLab’s overall float and market liquidity.

The seller acquired the stock as restricted stock units (RSUs) on 27 June 2025 and intends to execute the sale through Morgan Stanley Smith Barney LLC on or after 2 July 2025. No additional sales by this filer have occurred in the past three months. The notice states that the filer is unaware of any non-public adverse information, suggesting this is a routine liquidity event rather than a signal of strategic change.

Positive

• Transparent disclosure: Timely Form 144 filing signals strong compliance with SEC rules.
• Immaterial size: The 1,214-share sale is less than 0.001 % of total outstanding shares, limiting market impact.

Negative

• Insider selling: Even routine, insider sales can be perceived negatively by some investors.
• Immediate post-vesting sale: Shares are being sold shortly after RSUs vested, suggesting no long-term holding intent.

Insights

Securities Analyst

TL;DR: Very small insider sale; transaction is immaterial to GitLab’s share count and valuation.

The sale of 1,214 shares, worth about $55k, represents roughly 0.0008 % of shares outstanding—far below any threshold that would typically influence price or sentiment. Such filings are common when RSUs vest and insiders seek liquidity. With no pattern of larger disposals and no adverse disclosures, I view the impact as neutral for investors. Market reaction, if any, should be minimal.

Corporate Governance Expert

TL;DR: Routine Rule 144 filing; reflects good compliance, not a governance red flag.

The timely filing demonstrates adherence to SEC requirements and transparency. The filer expressly attests to possessing no undisclosed negative information, satisfying Rule 10b5-1 safeguards. Because the volume is negligible and no past-quarter sales were reported, I do not view this as a governance concern. Investors should monitor future filings for patterns but need not adjust their thesis based on this single event.

SEC Form 4

FORM 4

UNITED 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^*

Haning G Courtney

(Last) (First) (Middle)

927 OLD MCARTHUR RD.

(Street)

LOGAN OH 43138

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ROCKY BRANDS, INC. [ RCKY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, without par value	07/01/2025		A		844	A	$0.0000	24,482	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Jeremy D. Siegfried, Attorney-in-Fact	07/02/2025
	** Signature of Reporting Person	Date
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.

FAQ

How many GitLab (GTLB) shares are being sold under the Form 144 filing?

1,214 shares of Class A common stock are proposed for sale.

What percentage of GitLab’s shares outstanding does 1,214 shares represent?

Approximately 0.0008 % of the 146.1 million shares outstanding.

When is the planned sale date for the GTLB shares?

On or after 2 July 2025.

How were the shares acquired by the insider?

They were received as restricted stock units (RSUs) on 27 June 2025.

Which broker will execute the sale?

The shares will be sold through Morgan Stanley Smith Barney LLC.

Is the planned sale material to GitLab investors?

No; the sale is immaterial, representing less than 0.001 % of total shares outstanding.