Filing Details

Accession Number:
0001628280-23-039515
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-11-17 17:14:04
Reporting Period:
2023-11-15
Accepted Time:
2023-11-17 17:14:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1653482 Gitlab Inc. GTLB Services-Prepackaged Software (7372) 471861035
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1886022 Sytse Sijbrandij C/O Gitlab Inc.
Not Applicable DE
Chief Executive Officer Yes Yes Yes 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 Acquisiton 2023-11-15 159,433 $0.00 159,433 No 4 C Indirect By Trust
Class A Common Stock Disposition 2023-11-15 133,289 $48.99 26,144 No 4 S Indirect By Trust
Class A Common Stock Disposition 2023-11-15 26,144 $49.77 0 No 4 S Indirect By Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect By Trust
No 4 S Indirect By Trust
No 4 S Indirect By Trust
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2023-11-15 159,433 $0.00 159,433 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
20,836,468 No 4 C Indirect
Footnotes
  1. 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 the Reporting Person, (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.
  2. These securities are held by the Sytse Sijbrandij Revocable Trust dated February 21, 2019, of which the Reporting Person is the sole trustee.
  3. This transaction was executed pursuant to a trading plan entered into by the reporting person, as the sole trustee of the Sytse Sijbrandij Revocable Trust dated February 21, 2019, on March 31, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.33 to $49.32, inclusive. The Reporting Person undertakes to provide to GitLab Inc., any security holder of GitLab Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote 4 and footnote 5.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.33 to $50.05, inclusive.