4//SEC Filing
Staples William 4
Accession 0001628280-24-051555
CIK 0001653482other
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 5:43 PM ET
Size
8.4 KB
Accession
0001628280-24-051555
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.
Documents
Issuer
Gitlab Inc.
CIK 0001653482
Entity typeother
Related Parties
1- filerCIK 0001801655
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 5:43 PM ET
- Size
- 8.4 KB