Robin Schulman - Mar 17, 2025 Form 4 Insider Report for Gitlab Inc. (GTLB)

Role
Chief Legal Officer & Corp Sec
Signature
/s/ Robin Schulman
Stock symbol
GTLB
Transactions as of
Mar 17, 2025
Transactions value $
-$317,063
Form type
4
Date filed
3/19/2025, 04:49 PM
Previous filing
Jan 30, 2025
Next filing
Apr 14, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTLB Class A Common Stock Options Exercise $0 +5.7K +4.68% $0.00 128K Mar 17, 2025 Direct F1, F2
transaction GTLB Class A Common Stock Tax liability -$317K -6.13K -4.8% $51.74 121K Mar 17, 2025 Direct F3, F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GTLB Performance Stock Units Options Exercise $0 -5.7K -100% $0.00 0 Mar 17, 2025 Class A Common Stock 5.7K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of Performance Stock Units ("PSU") released upon achievement of the award.
F2 The achieved award vests in equal twenty-five percent (25%) increments over four quarters subject to continued services to the issuer on each vesting date.
F3 Represents shares of GitLab Inc.'s Class A Common Stock sold to satisfy the reporting person's tax obligations arising as a result of the vesting of restricted stock units and PSUs.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.26 to $52.20, inclusive. The Reporting Person undertakes to provide to GitLab Inc., any security holder of GitLab Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F5 Includes shares of Class A Common Stock that have not yet vested.
F6 The reported transaction represents the achievement by the reporting person of the performance criteria that were the subject of this performance-based award previously granted to her and reported on a Form 4 for the transaction date June 17, 2022.