Key facts
- This page summarizes Robin Schulman's Form 4 filing for Gitlab Inc. (GTLB).
- 5 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 01 Feb 2024, 18:48.
Robin Schulman - 30 Jan 2024 Form 4 Insider Report for Gitlab Inc. (GTLB)
- Reporting relationship
- Chief Legal Officer & Corp Sec
- Issuer ticker
- GTLB
- Reported as of
- 30 Jan 2024
- Net transaction value
- -$1,178,714
- SEC form
- 4
- Accepted by SEC
- 01 Feb 2024, 18:48:11 UTC
- Prior SEC filing
- 18 Jan 2024
- Next SEC filing
- 12 Feb 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robin Schulman
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Robin Schulman filed Form 4 for Gitlab Inc. (GTLB) on 01 Feb 2024.
Change
- Previous filing in this sequence was filed on 18 Jan 2024.
- Current net transaction value: -$1,178,714.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GTLB
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +15,712
- Change %
- +26%
- Price
- $0.000000
- Shares after
- 75,844
- Date
- 30 Jan 2024
- Ownership
- Direct
- Footnotes
- F1
GTLB
transaction
Class A Common Stock
Sale
- Transaction value
- $1,178,714
- Shares
- -15,712
- Change %
- -21%
- Price
- $75.02
- Shares after
- 60,132
- Date
- 30 Jan 2024
- Ownership
- Direct
- Footnotes
- F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GTLB
transaction
Derivative
Stock Option (Right to buy Class B Common Stock)
Options Exercise
- Transaction value
- $0
- Shares
- -15,712
- Change %
- -17%
- Price
- $0.000000
- Shares after
- 76,798
- Date
- 30 Jan 2024
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 15,712
- Exercise price
- $8.90
- Footnotes
- F2, F5
GTLB
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- Shares
- +15,712
- Change %
- Price
- Shares after
- 15,712
- Date
- 30 Jan 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 15,712
- Exercise price
- $8.90
- Footnotes
- F1, F2
GTLB
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -15,712
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Jan 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 15,712
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 5 footnotes
Footnote 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.
Footnote F2
The option exercises and sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on December 30, 2022 and amended on September 29, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.10, 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 3.
Footnote F4
Includes shares of Class A Common Stock that have not yet vested.
Footnote F5
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.