Johnson Eric David 4
4 · Gitlab Inc. · Filed Jun 22, 2022
Insider Transaction Report
Form 4
Gitlab Inc.GTLB
Johnson Eric David
Chief Technology Officer
Transactions
- Award
Class A Common Stock
2022-06-17+31,350→ 56,179 total - Award
Performance Stock Units
2022-06-17+47,025→ 47,025 total→ Class A Common Stock (47,025 underlying)
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, vesting quarterly from the date of grant.
- [F2]Includes shares of Class A Common Stock that have not yet vested. This also includes vested shares from the Company's Employee Stock Purchase Plan.
- [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]Once the performance criteria have been achieved, the award shall vest in four equal quarterly installments thereafter.
- [F6]If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire.