Key facts
- This page summarizes Dale R. Brown's Form 4 filing for Gitlab Inc. (GTLB).
- 7 reported transactions and 5 derivative rows are listed below.
- Accepted by SEC: 15 Jun 2023, 19:05.
Dale R. Brown - 13 Jun 2023 Form 4 Insider Report for Gitlab Inc. (GTLB)
- Reporting relationship
- Principal Accounting Officer
- Issuer ticker
- GTLB
- Reported as of
- 13 Jun 2023
- Net transaction value
- -$134,000
- SEC form
- 4
- Accepted by SEC
- 15 Jun 2023, 19:05:40 UTC
- Prior SEC filing
- 09 May 2023
- Next SEC filing
- 21 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robin Schulman, Attorney-in-Fact for Dale R. Brown
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Dale R. Brown filed Form 4 for Gitlab Inc. (GTLB) on 15 Jun 2023.
Change
- Previous filing in this sequence was filed on 09 May 2023.
- Current net transaction value: -$134,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GTLB
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +2,680
- Change %
- +16%
- Price
- $0.000000
- Shares after
- 19,216
- Date
- 13 Jun 2023
- Ownership
- Direct
- Footnotes
- F1
GTLB
transaction
Class A Common Stock
Sale
- Transaction value
- $134,000
- Shares
- -2,680
- Change %
- -14%
- Price
- $50.00
- Shares after
- 16,536
- Date
- 13 Jun 2023
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GTLB
transaction
Derivative
Stock Option (Right to buy Class B Common Stock)
Options Exercise
- Transaction value
- $0
- Shares
- -375
- Change %
- -1.3%
- Price
- $0.000000
- Shares after
- 28,500
- Date
- 13 Jun 2023
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 375
- Exercise price
- $17.82
- Footnotes
- F2, F4
GTLB
transaction
Derivative
Stock Option (Right to buy Class B Common Stock)
Options Exercise
- Transaction value
- $0
- Shares
- -2,305
- Change %
- -4%
- Price
- $0.000000
- Shares after
- 55,778
- Date
- 13 Jun 2023
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 2,305
- Exercise price
- $8.90
- Footnotes
- F2, F5
GTLB
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- Shares
- +375
- Change %
- Price
- Shares after
- 375
- Date
- 13 Jun 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 375
- Exercise price
- $17.82
- Footnotes
- F1, F2
GTLB
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- Shares
- +2,305
- Change %
- Price
- Shares after
- 2,305
- Date
- 13 Jun 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 2,305
- Exercise price
- $8.90
- Footnotes
- F1, F2
GTLB
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -2,680
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 13 Jun 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 2,680
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Each share of the Company's Class B Common Stock is convertible into one share of the Company's Class A Common Stock at any time and will convert automatically upon certain transfers and upon the earlier of (i) ten years from the date of the closing of the Company's initial public offering (the "IPO"), (ii) the death or disability of Sytse Sijbrandij, the chief executive officer of the Company, (iii) the first date following the completion of the IPO on which the number of shares of outstanding Class B Common Stock (including shares of Class B Common Stock subject to outstanding stock options) is less than 5% of the aggregate number of shares of the Company's common stock then outstanding, and (iv) the date specified by a vote of the holders of two-thirds of the then outstanding shares of Class B Common Stock.
Footnote F2
The option exercises and sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on December 23, 2021 and amended on June 29, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Footnote F3
Includes shares of Class A Common Stock that have not yet vested. This also includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
Footnote F4
The option vested as to 25% of the total shares on March 18, 2022, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
Footnote F5
The option vested as to 25% of the total shares on October 1, 2020, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.