Bedi Sundeep 4
4 · Gitlab Inc. · Filed Mar 29, 2024
Insider Transaction Report
Form 4
Gitlab Inc.GTLB
Bedi Sundeep
Director
Transactions
- Sale
Class A Common Stock
2024-03-27$58.63/sh−4,000$234,520→ 8,369 total - Exercise/Conversion
Stock Option (Right to buy Class B Common Stock)
2024-03-27−9,000→ 27,000 totalExercise: $26.64Exp: 2031-09-02→ Class B Common Stock (9,000 underlying) - Exercise/Conversion
Class B Common Stock
2024-03-27+9,000→ 9,000 total→ Class A Common Stock (9,000 underlying) - Conversion
Class B Common Stock
2024-03-27−9,000→ 0 total→ Class A Common Stock (9,000 underlying) - Sale
Class A Common Stock
2024-03-27$58.65/sh−5,000$293,250→ 12,369 total - Conversion
Class A Common Stock
2024-03-27+9,000→ 17,369 total
Footnotes (3)
- [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 and (iv) the date specified by a vote of the holders of two-thirds of the then outstanding shares of Class B Stock.
- [F2]Includes shares of Class A Common Stock that have not yet vested.
- [F3]The option vested or vests as to 25% of the total shares on August 31, 2022, and 1/48 of the total shares 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.