Brian G. Robins - Aug 1, 2024 Form 4 Insider Report for Gitlab Inc. (GTLB)

Signature
/s/ Robin Schulman, Attorney-in-Fact for Brian G. Robins
Stock symbol
GTLB
Transactions as of
Aug 1, 2024
Transactions value $
-$1,148,938
Form type
4
Date filed
8/2/2024, 06:10 PM
Previous filing
Jul 1, 2024
Next filing
Sep 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTLB Class A Common Stock Sale -$671K -13.8K -4.9% $48.51 269K Aug 1, 2024 Direct F1, F2
transaction GTLB Class A Common Stock Sale -$263K -5.3K -1.97% $49.56 263K Aug 1, 2024 Direct F1, F3
transaction GTLB Class A Common Stock Sale -$164K -3.2K -1.22% $51.10 260K Aug 1, 2024 Direct F1, F4
transaction GTLB Class A Common Stock Sale -$51.8K -1K -0.38% $51.76 259K Aug 1, 2024 Direct F1, F5, F6
* 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 December 27, 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 $48.19 to $49.18, 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, footnote 3, footnote 4, and footnote 5.
F3 These shares were sold in multiple transactions at prices ranging from $49.19 to $50.03, inclusive.
F4 These shares were sold in multiple transactions at prices ranging from $50.46 to $51.45, inclusive.
F5 These shares were sold in multiple transactions at prices ranging from $51.46 to $52.16, inclusive.
F6 Includes shares of Class A Common Stock that have not yet vested.