GV 2017 GP, L.L.C. - 18 Oct 2021 Form 4 Insider Report for Gitlab Inc. (GTLB)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 May 2022, 16:18:48 UTC
Prior SEC filing
06 May 2022
Next SEC filing
02 Nov 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Inga Goldbard, General Counsel of GV 2017 GP, L.L.C.

Key filing fact

GV 2017 GP, L.L.C. filed Form 4 for Gitlab Inc. (GTLB) on 06 May 2022.

Key facts

  • This page summarizes GV 2017 GP, L.L.C.'s Form 4 filing for Gitlab Inc. (GTLB).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 06 May 2022, 16:18.

Change

  • Previous filing in this sequence was filed on 06 May 2022.
  • Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GTLB transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares
+8,888,776
Change %
Price
Shares after
8,888,776
Date
18 Oct 2021
Ownership
By GV 2017, L.P.
Underlying class
Class A Common Stock
Underlying amount
8,888,776
Exercise price
Footnotes
F1, F2
GTLB transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value
Shares
-8,374,040
Change %
-100%
Price
Shares after
0
Date
18 Oct 2021
Ownership
By GV 2017, L.P.
Underlying class
Class B Common Stock
Underlying amount
8,374,040
Exercise price
Footnotes
F2, F3
GTLB transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value
Shares
-514,736
Change %
-100%
Price
Shares after
0
Date
18 Oct 2021
Ownership
By GV 2017, L.P.
Underlying class
Class B Common Stock
Underlying amount
514,736
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time and will convert automatically upon certain transfers, whether or not for value, as well as upon the earliest of: (i) the tenth anniversary of the date of the Issuer's initial public offering (the "IPO"); (ii) the death or disability of Sytse Sijbrandij; (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 Issuer's common stock of all classes 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 securities reported in this row are held directly held by GV 2017, L.P. (the "Partnership"). The general partner of the Partnership is GV 2017 GP, L.P. (the "GP"). The general partner of the GP is GV 2017 GP, L.L.C. ("GV 2017 LLC"). The sole managing member of GV 2017 LLC is Alphabet Holdings LLC ("Alphabet Holdings"). The sole managing member of Alphabet Holdings is XXVI Holdings Inc. ("XXVI"). The sole controlling stockholder of XXVI is Alphabet Inc. Each of the GP, GV 2017 LLC, Alphabet Holdings, XXVI, and Alphabet Inc. may be deemed to have voting and investment discretion over the securities directly beneficially owned by the Partnership. Each of the aforementioned parties disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

Footnote F3

Each share of Series C Preferred Stock and Series D Preferred Stock automatically converted into one share of Class B Common Stock immediately prior to the closing of the IPO. Other than the aforementioned conversion, Series B Preferred Stock and Series C Preferred Stock have no expiration date.

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