Erin Mannix - Jun 27, 2024 Form 4 Insider Report for Gitlab Inc. (GTLB)

Signature
/s/ Robin Schulman, Attorney-in-Fact for Erin Mannix
Stock symbol
GTLB
Transactions as of
Jun 27, 2024
Transactions value $
-$46,283
Form type
4
Date filed
7/1/2024, 08:23 PM
Previous filing
Jun 24, 2024
Next filing
Sep 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTLB Class A Common Stock Sale -$24.7K -494 -0.65% $50.00 75.8K Jun 27, 2024 Direct F1
transaction GTLB Class A Common Stock Sale -$21.6K -444 -0.59% $48.61 75.3K Jul 1, 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 June 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The old 10b5-1 trading plan expired according to its terms on June 28, 2024.
F2 The sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on March 28, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The new 10b5-1 trading plan took effect according to its terms on July 1, 2024.
F3 Includes shares of Class A Common Stock that have not yet vested.