GitLab Inc. reported an insider equity award to Thomas J. Lloyd involving the company’s Class A common stock. The ownership change occurred on July 17, 2026, and was reported on a Form 4 signed by Lloyd on July 20, 2026. The filing describes the transaction as a grant of time-based restricted stock units, or RSUs. Each RSU represents a contingent right to receive one share of GitLab Class A common stock, subject to Lloyd’s continued service with the company through the applicable vesting dates. The supplied filing text does not show the number of RSUs granted, the transaction code, a transaction price, or Lloyd’s beneficial ownership total after the award. The RSUs follow a multi-year vesting schedule. Of the total award, 36% is scheduled to vest during the first part of the vesting period: 18% on March 15, 2027, followed by 9% on June 15, 2027, and another 9% on September 15, 2027. Another 30% of the total RSUs will vest in equal quarterly installments during the second year after the vesting commencement date, on March 15, June 15, September 15, and December 15. The remaining 34% will vest in equal quarterly installments over the third and fourth years after the vesting commencement date, at a rate of 17% per year, on the same quarterly vesting dates. The award is scheduled to be fully vested on September 15, 2030, assuming Lloyd remains in continued service with GitLab through each vesting date. The filing also notes that Lloyd’s reported holdings include shares of Class A common stock that have not yet vested. The action is therefore an equity-compensation grant rather than a reported open-market purchase or sale. Such awards are commonly used to retain and incentivize executives or other insiders by tying compensation to continued service and the company’s stock performance over time.