Form 4 for GTLB Gitlab Inc.
Accepted 2024-12-16 00:00:00 ET · period of report 2024-12-12 · accession 0001628280-24-051555 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-12-16 | 2024-12-12 | GTLB | Staples William | CEO, Dir | A - Grant | $0.00 | +382.3K | 382.3K | New | $0 |
| D | 2024-12-16 | 2024-12-12 | GTLB | Staples William | CEO, Dir | A - Grant | $0.00 | +254.9K | 254.9K | New | $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 | 2024-12-12 | A | A | 382,348 | $0.00 | 382,348 | D | — | — | (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, as follows: (a) 2/16 of the grant shall vest on June 15, 2025; (b) and thereafter, 1/16 of the grant shall vest on each Quarterly Vesting Date. "Quarterly Vesting Date" means each of September 15, December 15, March 15, and June 15. (F2) Includes shares of Class A Common Stock that have not yet vested. |
| 2 | Derivative | Performance Stock Units | 2024-12-12 | A | A | 254,898 | $0.00 | 254,898 | D | — · — to — | 254,898 Class A Common Stock | (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. (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. (F5) The PSUs will vest in three equal tranches achieved over a three year period based on the satisfaction of applicable financial performance metrics for each of fiscal years 2026, 2027 and 2028. (F6) If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire. |