Form 4 for GTLB Gitlab Inc.
Accepted 2021-10-18 00:00:00 ET · period of report 2021-10-18 · accession 0001209191-21-060751 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-10-18 | 2021-10-18 | GTLB | Rients.org BV | 10% | C - Cnv Deriv | $0.00 | +2.50M | 2.50M | New | $0 |
| DI | 2021-10-18 | 2021-10-18 | GTLB | Rients.org BV | 10% | S - Sale | $77.00 | -2.50M | 0 | -100% | -$192.50M |
| DI | 2021-10-18 | 2021-10-18 | GTLB | Rients.org BV | 10% | C - Cnv Deriv | $0.00 | -2.50M | 21.69M | -10% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-10-18 | C | A | 2,500,000 | $0.00 | 2,500,000 | I See footnote | — | — | (F1) 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 the Reporting Person, (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. (F2) These securities are held by Rients.org BV, of which the Reporting Person is the sole owner. |
| 2 | Common | Class A Common Stock | 2021-10-18 | S | D | 2,500,000 | $77.00 | 0 | I See footnote | — | — | (F2) These securities are held by Rients.org BV, of which the Reporting Person is the sole owner. |
| 3 | Derivative | Class B Common Stock | 2021-10-18 | C | D | 2,500,000 | $0.00 | 21,690,901 | I See footnote | $0.00 · — to — | 2,500,000 Class A Common Stock | (F1) 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 the Reporting Person, (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. (F2) These securities are held by Rients.org BV, of which the Reporting Person is the sole owner. |