GODFREY SULLIVAN - 25 Sep 2023 Form 4 Insider Report for Gitlab Inc. (GTLB)

Role
Director
Signature
/s/ Robin Schulman, Attorney-in-Fact for Godfrey Sullivan
Issuer symbol
GTLB
Transactions as of
25 Sep 2023
Net transactions value
$0
Form type
4
Filing time
26 Sep 2023, 16:46:24 UTC
Previous filing
17 Aug 2023
Next filing
11 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTLB Class A Common Stock Conversion of derivative security $0 +137,500 +1643% $0.000000 145,869 25 Sep 2023 Direct F1, F2

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
transaction GTLB Class B Common Stock Conversion of derivative security -137,500 -92% 12,500 25 Sep 2023 Class A Common Stock 137,500 $0.000000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes shares of Class A Common Stock that have not yet vested.