Padisetty Sivaprasad 4

4 · Gitlab Inc. · Filed Apr 30, 2026

AI-generated summary of this filing

Updated May 1, 2026

GitLab (GTLB) CTO Padisetty Sivaprasad Receives Award of 234,631 PSUs

What Happened

Padisetty Sivaprasad, Chief Technology Officer of GitLab, was granted 234,631 performance stock units (PSUs) on April 29, 2026. The award is recorded at $0.00 per unit (derivative grant) and therefore has no immediate cash cost to the reporting person.
These PSUs are not a market purchase or sale; they are a compensation award that can convert into Class A common shares only if specified performance criteria are met and the reporting person remains in service.

Key Details

Transaction date: 2026-04-29; filing date: 2026-04-30. Price recorded: $0.00 (derivative award).
Amount: 234,631 PSUs (reported as the number of target-level shares to be received assuming achievement of performance metrics).
Shares owned after transaction: not disclosed in this filing.
Footnotes: (1) Each PSU represents a contingent right to one share if performance and service conditions are met; (2) the reported PSU count reflects the "target" achievement level; (3) PSUs vest in tranches upon certification of performance for each tranche; (4) unachieved portions expire.
No 10b5-1 plan, tax-withholding sale, or late filing is indicated in this Form 4.

Context

PSUs are performance-contingent equity awards—value is realized only if the company meets board-set performance metrics and the executive remains employed through vesting certification. They differ from open-market purchases or immediate sales and should be viewed as compensation rather than an instantaneous insider bet on the stock.

Form 4

Period: 2026-04-29

Chief Technology Officer

Transactions

Award
Performance Stock Units
[F1][F2][F3][F4]
2026-04-29+234,631→ 234,631 total
→ Class A Common Stock (234,631 underlying)

Footnotes (4)

[F1]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.
[F2]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.
[F3]The PSUs will vest in tranches upon certification of achievement of performance criteria for each tranche.
[F4]If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire.

Signature

/s/ Robin Schulman, Attorney-in-Fact for Sivaprasad Padisetty|2026-04-30

1 file