Staples William 4
4 · Gitlab Inc. · Filed Dec 16, 2024
Insider Transaction Report
Form 4
Gitlab Inc.GTLB
Staples William
DirectorChief Executive Officer
Transactions
- Award
Performance Stock Units
2024-12-12+254,898→ 254,898 total→ Class A Common Stock (254,898 underlying) - Award
Class A Common Stock
2024-12-12+382,348→ 382,348 total
Footnotes (6)
- [F1]Represents a grant of time-based restricted stock units ("RSU"), with each RSU representing a contingent right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock subject to the reporting person's continued service to the Company on each applicable vesting date. The RSUs shall be satisfied over a four-year period, as follows: (a) 2/16 of the grant shall vest on June 15, 2025; (b) and thereafter, 1/16 of the grant shall vest on each Quarterly Vesting Date. "Quarterly Vesting Date" means each of September 15, December 15, March 15, and June 15.
- [F2]Includes shares of Class A Common Stock that have not yet vested.
- [F3]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's Class A Common Stock, subject to the achievement of certain performance criteria and the reporting person's continued service to the Company on each applicable vesting date following such achievement.
- [F4]The number of PSUs in this column represents the number of shares of Class A Common Stock the reporting person will receive assuming achievement at the "target" level of the corporate performance metrics set by the Company's Board of Directors for this award.
- [F5]The PSUs will vest in three equal tranches achieved over a three year period based on the satisfaction of applicable financial performance metrics for each of fiscal years 2026, 2027 and 2028.
- [F6]If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire.