Michael Eugene McBride - Jun 17, 2022 Form 4 Insider Report for Gitlab Inc. (GTLB)

Role
Chief Revenue Officer
Signature
/s/ Robin Schulman, Attorney-in-Fact for Michael Eugene McBride
Stock symbol
GTLB
Transactions as of
Jun 17, 2022
Transactions value $
$0
Form type
4
Date filed
6/22/2022, 08:17 PM
Previous filing
Jan 4, 2022
Next filing
Sep 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTLB Class A Common Stock Award $0 +59.4K +6.62% $0.00 957K Jun 17, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GTLB Performance Stock Units Award $0 +89.1K $0.00 89.1K Jun 17, 2022 Class A Common Stock 89.1K Direct F3, F4, F5, F6
* 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 shall be satisfied over a four-year period, vesting quarterly from the date of grant.
F2 Includes shares of Class A Common Stock that have not yet vested. This also includes vested shares from the Company's Employee Stock Purchase Plan.
F3 Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's Class A Common Stock, subject to the achievement of certain performance criteria and the reporting person's continued service to the Company on each applicable vesting date following such achievement.
F4 The number of PSUs in this column represents the number of shares of Class A Common Stock the reporting person will receive assuming achievement at the "target" level of the corporate performance metrics set by the Company's Board of Directors for this award.
F5 Once the performance criteria have been achieved, the award shall vest in four equal quarterly installments thereafter.
F6 If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire.