Gitlab (GTLB) CEO William Staples has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gitlab Inc. Chief Executive Officer William Staples reported a routine tax-related share disposition. On the transaction date, 7,030 shares of Class A Common Stock were withheld at $22.69 per share to cover tax liabilities from the net settlement of restricted stock units. After this withholding, he continues to hold 338,641 shares of Class A Common Stock, which includes shares that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Staples William
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 7,030 | $22.69 | $160K |
Holdings After Transaction:
Class A Common Stock — 338,641 shares (Direct)
Footnotes (1)
- 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. Includes shares of Class A Common Stock that have not yet vested.
FAQ
What did Gitlab (GTLB) CEO William Staples report in this Form 4 filing?
William Staples reported a tax-related share disposition. Gitlab withheld 7,030 shares of Class A Common Stock to cover taxes from restricted stock unit settlement, a non-market transaction that does not represent an open-market buy or sell decision.
Does William Staples still hold a significant stake in Gitlab (GTLB) after this transaction?
Yes, William Staples continues to hold 338,641 Gitlab Class A Common shares after the tax withholding. This total includes shares that have not yet vested, so his reported position reflects both vested and certain unvested equity awards in the company.
Was the Gitlab (GTLB) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The filing shows an F-code tax-withholding disposition, meaning the issuer withheld 7,030 shares to pay tax liabilities tied to restricted stock units, rather than Staples selling shares on the open market.
What does the F transaction code mean in Gitlab (GTLB) CEO William Staples’ Form 4?
The F code indicates shares were disposed to satisfy tax obligations. In this case, Gitlab withheld 7,030 Class A Common shares from William Staples to cover taxes from restricted stock unit settlement, rather than reflecting a discretionary market trade by the executive.