Filing Details

Accession Number:
0001628280-25-000388
Form Type:
4
Zero Holdings:
No
Publication Time:
2025-01-03 17:56:44
Reporting Period:
2025-01-02
Accepted Time:
2025-01-03 17:56:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1653482 Gitlab Inc. GTLB () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1627835 Robin Schulman C/O Gitlab Inc.
Not Applicable DE
Chief Legal Officer & Corp Sec No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2025-01-02 7,330 $56.98 121,893 No 4 S Direct
Class A Common Stock Acquisiton 2025-01-03 9,251 $0.00 131,144 No 4 C Direct
Class A Common Stock Disposition 2025-01-03 9,251 $60.00 121,893 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Stock Option (Right to buy Class B Common Stock) Disposition 2025-01-03 9,251 $0.00 9,251 $8.90
Class A Common Stock Class B Common Stock Acquisiton 2025-01-03 9,251 $0.00 9,251 $8.90
Class A Common Stock Class B Common Stock Disposition 2025-01-03 9,251 $0.00 9,251 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
37,004 2029-12-01 No 4 M Direct
9,251 No 4 M Direct
0 No 4 C Direct
Footnotes
  1. The option exercises and sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on October 1, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
  2. Each share of the Issuer's Class B common stock (the "Class B Stock") is convertible into one share of the Issuer's Class A common stock at any time and will convert automatically upon certain transfers and upon the earlier of (i) ten years from the date of the Issuer's initial public offering ("IPO"), (ii) the death or disability of Sytse Sijbrandij, (iii) the first date following the completion of the IPO on which the number of shares of outstanding Class B Stock (including shares of Class B Stock subject to outstanding stock options) is less than 5% of the aggregate number of shares of the Issuer's common stock then outstanding and (iv) the date specified by a vote of the holders of two-thirds of the then outstanding shares of Class B Stock.
  3. Includes shares of Class A Common Stock that have not yet vested.
  4. 25% of the total option award vested on December 2, 2020, and the remainder vested or vests as to 1/48 of the total award monthly on the 2nd, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option award also includes an early exercise feature, whereby unvested options may be early exercised at any time.