Sabrina Farmer - Apr 10, 2025 Form 4 Insider Report for Gitlab Inc. (GTLB)

Role
Chief Technology Officer
Signature
/s/ Robin Schulman, Attorney-in-Fact for Sabrina Farmer
Stock symbol
GTLB
Transactions as of
Apr 10, 2025
Transactions value $
$0
Form type
4
Date filed
4/14/2025, 07:31 PM
Previous filing
Mar 19, 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 Award $0 +50.6K +23.89% $0.00 262K Apr 10, 2025 Direct F1, F2

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 Award $0 +33.7K $0.00 33.7K Apr 10, 2025 Class A Common Stock 33.7K Direct F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs will vest as to 1/16 of the total number of RSUs underlying the award on each Quarterly Vesting Date, commencing on June 15, 2025. "Quarterly Vesting Date" shall mean each of March 15, June 15, September 15 and December 15 in a calendar year.
F2 Includes shares of Class A Common Stock that have not yet vested.
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.
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.
F5 Once the performance criteria have been achieved, 1/3 of the award will vest on the first Quarterly Vesting Date following certification, and the remainder of the award will vest in equal installments of 1/12 of the total number of shares underlying the award on Quarterly Vesting Dates thereafter.
F6 If the performance criteria are not achieved, the portion of the award which was capable of vesting on that date will expire.