4//SEC Filing
Schulman Robin 4
Accession 0001628280-25-000388
CIK 0001653482other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:56 PM ET
Size
15.1 KB
Accession
0001628280-25-000388
Insider Transaction Report
Form 4
Gitlab Inc.GTLB
Schulman Robin
Chief Legal Officer & Corp Sec
Transactions
- Sale
Class A Common Stock
2025-01-02$56.98/sh−7,330$417,663→ 121,893 total - Exercise/Conversion
Stock Option (Right to buy Class B Common Stock)
2025-01-03−9,251→ 37,004 totalExercise: $8.90Exp: 2029-12-01→ Class B Common Stock (9,251 underlying) - Conversion
Class B Common Stock
2025-01-03−9,251→ 0 total→ Class A Common Stock (9,251 underlying) - Conversion
Class A Common Stock
2025-01-03+9,251→ 131,144 total - Sale
Class A Common Stock
2025-01-03$60.00/sh−9,251$555,060→ 121,893 total - Exercise/Conversion
Class B Common Stock
2025-01-03+9,251→ 9,251 totalExercise: $8.90→ Class A Common Stock (9,251 underlying)
Footnotes (4)
- [F1]The option exercises and sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on October 1, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F2]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.
- [F3]Includes shares of Class A Common Stock that have not yet vested.
- [F4]25% of the total option award vested on December 2, 2020, and the remainder vested or vests as to 1/48 of the total award monthly on the 2nd, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option award also includes an early exercise feature, whereby unvested options may be early exercised at any time.
Documents
Issuer
Gitlab Inc.
CIK 0001653482
Entity typeother
Related Parties
1- filerCIK 0001627835
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:56 PM ET
- Size
- 15.1 KB