Brian G. Robins - 13 May 2025 Form 4 Insider Report for Gitlab Inc. (GTLB)

Reporting relationship: Chief Financial Officer
Issuer ticker: GTLB
Reported as of: 13 May 2025
Net transaction value: -$2,386,800
SEC form: 4
Accepted by SEC: 15 May 2025, 17:52:54 UTC
Prior SEC filing: 14 Apr 2025
Next SEC filing: 18 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Robin Schulman, Attorney-in-Fact for Brian G. Robins

Key filing fact

Brian G. Robins filed Form 4 for Gitlab Inc. (GTLB) on 15 May 2025.

Key facts

This page summarizes Brian G. Robins's Form 4 filing for Gitlab Inc. (GTLB).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 15 May 2025, 17:52.

Change

Previous filing in this sequence was filed on 14 Apr 2025.
Current net transaction value: -$2,386,800.

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

Reporting Owners (1)

CIK 0001431768 Primary reporting owner

ROBINS BRIAN G

Relationship: Chief Financial Officer
Address: C/O GITLAB INC., NOT APPLICABLE
Signature: /s/ Robin Schulman, Attorney-in-Fact for Brian G. Robins
Signature date: 15 May 2025

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: +45,000
Change %: +13%
Price: $0.000000
Shares after: 389,105
Date: 13 May 2025
Ownership: Direct
Footnotes: F1

GTLB transaction

Class A Common Stock

Sale

Transaction value: $2,386,800
Shares: -45,000
Change %: -12%
Price: $53.04
Shares after: 344,105
Date: 13 May 2025
Ownership: Direct
Footnotes: F2, F3, F4

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: -45,000
Change %: -7.1%
Price: $0.000000
Shares after: 591,505
Date: 13 May 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 45,000
Exercise price: $9.99
Footnotes: F2, F5

GTLB transaction Derivative

Class B Common Stock

Options Exercise

Transaction value
Shares: +45,000
Change %
Price
Shares after: 45,000
Date: 13 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 45,000
Exercise price: $9.99
Footnotes: F1, F2

GTLB transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -45,000
Change %: -100%
Price
Shares after: 0
Date: 13 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 45,000
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

Each share of the Issuer's Class B common stock (the "Class B Stock") is convertible into one share of the Issuer'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 Issuer's initial public offering ("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 Stock (including shares of Class B Stock subject to outstanding stock options) is less than 5% of the aggregate number of shares of the Issuer's common stock then outstanding or (iv) the date specified by a vote of the holders of two-thirds of the then outstanding shares of Class B 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 31, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.16, 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 3.

Footnote F4

Includes shares of Class A Common Stock that have not yet vested.

Footnote F5

The option award fully vested on September 9, 2024.