Form 4 for GTLB Gitlab Inc.
Accepted 2024-03-29 00:00:00 ET · period of report 2024-03-27 · accession 0001628280-24-013833 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-29 | 2024-03-27 | GTLB | Bedi Sundeep | Dir | S - Sale | $58.64 | -9,000 | 8,369 | -52% | -$527.8K |
| D | 2024-03-29 | 2024-03-27 | GTLB | Bedi Sundeep | Dir | C - Cnv Deriv | $0.00 | +9,000 | 17.4K | +108% | $0 |
| DM | 2024-03-29 | 2024-03-27 | GTLB | Bedi Sundeep | Dir | M - OptEx | $0.00 | 0 | 27.0K | New | $0 |
| D | 2024-03-29 | 2024-03-27 | GTLB | Bedi Sundeep | Dir | C - Cnv Deriv | — | -9,000 | 0 | -100% | — |
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 | 2024-03-27 | S | D | 5,000 | $58.65 | 12,369 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-03-27 | C | A | 9,000 | $0.00 | 17,369 | D | — | — | (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 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. |
| 3 | Common | Class A Common Stock | 2024-03-27 | S | D | 4,000 | $58.63 | 8,369 | D | — | — | (F2) Includes shares of Class A Common Stock that have not yet vested. |
| 4 | Derivative | Class B Common Stock | 2024-03-27 | M | A | 9,000 | — | 9,000 | D | — · — to — | 9,000 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 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. |
| 5 | Derivative | Class B Common Stock | 2024-03-27 | C | D | 9,000 | — | 0 | D | — · — to — | 9,000 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 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. |
| 6 | Derivative | Stock Option (Right to buy Class B Common Stock) | 2024-03-27 | M | D | 9,000 | $0.00 | 27,000 | D | $26.64 · — to 2031-09-02 | 9,000 Class B Common Stock | (F3) The option vested or vests as to 25% of the total shares on August 31, 2022, and 1/48 of the total shares monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase. |