Sytse Sijbrandij - Dec 22, 2023 Form 4 Insider Report for Gitlab Inc. (GTLB)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Brian G. Robins, Attorney-in-Fact for Sytse Sijbrandij
Stock symbol
GTLB
Transactions as of
Dec 22, 2023
Transactions value $
$0
Form type
4
Date filed
12/27/2023, 05:01 PM
Previous filing
Dec 18, 2023
Next filing
Jan 18, 2024

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 Gift -219K -1.14% 19M Dec 22, 2023 Class A Common Stock 219K By Trust F1, F2, F3
* 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 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.
F2 The Reporting Person, as the sole trustee of the Sytse Sijbrandij Revocable Trust dated February 21, 2019, transferred 218,626 shares of the Issuer's Class B Common Stock as a bona fide gift in an exempt transaction pursuant to Rule 16b-5 to a charitable foundation.
F3 These securities are held by the Sytse Sijbrandij Revocable Trust dated February 21, 2019, of which the Reporting Person is the sole trustee.