Dale R. Brown - 13 Oct 2021 Form 3 Insider Report for Gitlab Inc. (GTLB)

Role
Principal Accounting Officer
Signature
/s/ Robin Schulman, Attorney-in-Fact for Dale R. Brown
Issuer symbol
GTLB
Transactions as of
13 Oct 2021
Net transactions value
$0
Form type
3
Filing time
13 Oct 2021, 19:21:14 UTC
Next filing
24 Mar 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GTLB Stock Option (Right to buy Class B Common Stock) 13 Oct 2021 Class B Common Stock 65,000 $8.90 Direct F1
holding GTLB Stock Option (Right to buy Class B Common Stock) 13 Oct 2021 Class B Common Stock 30,000 $17.82 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vested as to 25% of the total shares on October 1, 2020, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
F2 The option will vest as to 25% of the total shares on March 18, 2022, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.

Remarks:

Exhibit 24.1 - Power of Attorney