Brian G. Robins - Dec 13, 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
Dec 13, 2024
Transactions value $
-$428,795
Form type
4
Date filed
12/17/2024, 05:33 PM
Previous filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTLB Class A Common Stock Award $0 +31.9K +13.12% $0.00 275K Dec 13, 2024 Direct F1
transaction GTLB Class A Common Stock Tax liability -$429K -7.29K -2.65% $58.86 267K Dec 16, 2024 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 1/8th of the total number of RSUs underlying the award beginning on March 15, 2025, and on each Quarterly Vesting Date thereafter. "Quarterly Vesting Date" shall mean each of June 15, September 15, December 15, and March 15.
F2 Represents shares of GitLab Inc.'s Class A Common Stock sold to satisfy the reporting person's tax obligations arising as a result of the vesting of a portion of a restricted stock unit award.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.16 to $59.59, 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.
F4 Includes shares of Class A Common Stock that have not yet vested.