4//SEC Filing
Brown Dale R 4
Accession 0001628280-23-022342
CIK 0001653482other
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 7:05 PM ET
Size
18.3 KB
Accession
0001628280-23-022342
Insider Transaction Report
Form 4
Gitlab Inc.GTLB
Brown Dale R
Principal Accounting Officer
Transactions
- Conversion
Class B Common Stock
2023-06-13−2,680→ 0 total→ Class A Common Stock (2,680 underlying) - Exercise/Conversion
Class B Common Stock
2023-06-13+2,305→ 2,305 totalExercise: $8.90→ Class A Common Stock (2,305 underlying) - Conversion
Class A Common Stock
2023-06-13+2,680→ 19,216 total - Sale
Class A Common Stock
2023-06-13$50.00/sh−2,680$134,000→ 16,536 total - Exercise/Conversion
Stock Option (Right to buy Class B Common Stock)
2023-06-13−375→ 28,500 totalExercise: $17.82Exp: 2031-03-17→ Class B Common Stock (375 underlying) - Exercise/Conversion
Stock Option (Right to buy Class B Common Stock)
2023-06-13−2,305→ 55,778 totalExercise: $8.90Exp: 2029-10-22→ Class B Common Stock (2,305 underlying) - Exercise/Conversion
Class B Common Stock
2023-06-13+375→ 375 totalExercise: $17.82→ Class A Common Stock (375 underlying)
Footnotes (5)
- [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.
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
Gitlab Inc.
CIK 0001653482
Entity typeother
Related Parties
1- filerCIK 0001301262
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 7:05 PM ET
- Size
- 18.3 KB