Merline Saintil - Jun 26, 2024 Form 4 Insider Report for Gitlab Inc. (GTLB)

Role
Director
Signature
/s/ Robin Schulman, Attorney-in-Fact for Merline Saintil
Stock symbol
GTLB
Transactions as of
Jun 26, 2024
Transactions value $
-$58,848
Form type
4
Date filed
6/28/2024, 09:00 AM
Previous filing
Jun 14, 2024
Next filing
Jul 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTLB Class A Common Stock Sale -$58.8K -1.33K -15.88% $44.28 7.04K Jun 26, 2024 Direct F1
transaction GTLB Class A Common Stock Award $0 +4.04K +57.44% $0.00 11.1K Jun 27, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on March 27, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 Represents an annual grant of restricted stock units ("RSUs") for non-employee board service. Each RSU represents a right to receive one share of GitLab Inc. (the "Company") Class A Common Stock upon vesting. The shares underlying the RSUs will fully vest on the earlier of (1) the date of the following year's annual meeting of the Company's stockholders and (2) the date that is one year following the date of grant (the "Vesting Date"), subject to the reporting person's continued service to the Company on the applicable Vesting Date.
F3 Includes shares of Class A Common Stock that have not yet vested.