| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GTLB | Class A Common Stock | Sale | -$21.2K | -494 | -0.67% | $42.92 | 73K | Jun 20, 2024 | Direct | F1, F2 |
| transaction | GTLB | Class A Common Stock | Award | $0 | +3.32K | +4.54% | $0.00 | 76.3K | Jun 24, 2024 | Direct | F3, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on June 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.89 to $42.93, 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 2. |
| F3 | Represents a grant of time-based restricted stock units ("RSU"), with each RSU representing a contingent right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock subject to the reporting person's continued service to the Company on each applicable vesting date. The RSUs will vest as to 1/4 of the total number of RSUs underlying the award on September 15, 2025, and to 1/4 of the total number of RSUs underlying the award on each Quarterly Vesting Date thereafter. Quarterly Vesting Date shall mean each of March 15, June 15, September 15, and December 15. |
| F4 | Includes shares of Class A Common Stock that have not yet vested. |