[Form 4] Gitlab Inc. Insider Trading Activity
Rhea-AI Filing Summary
GitLab Inc. (GTLB) director and 10% owner Sytse Sijbrandij reported several stock transactions involving Class A and Class B common stock. On 11/17/2025, a trust for his benefit converted 108,600 shares of Class B common stock into 108,600 shares of Class A common stock at a stated price of $0 per share.
That same day, the trust sold 73,941 Class A shares at a weighted average price of $42.98 and another 34,659 Class A shares at a weighted average price of $43.59, leaving no Class A shares held by the trust after these sales. Following the conversion, the trust continued to hold 15,725,272 derivative securities linked to Class B shares. All trades were executed by the Sytse Sijbrandij Revocable Trust under a Rule 10b5‑1 trading plan entered into on 12/26/2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 108,600 | $0.00 | -- |
| Conversion | Class A Common Stock | 108,600 | $0.00 | -- |
| Sale | Class A Common Stock | 73,941 | $42.98 | $3.18M |
| Sale | Class A Common Stock | 34,659 | $43.59 | $1.51M |
Footnotes (1)
- 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. These securities are held by the Sytse Sijbrandij Revocable Trust dated February 21, 2019, of which the Reporting Person is the sole trustee. This transaction was executed pursuant to a trading plan entered into by the reporting person, as the sole trustee of the Sytse Sijbrandij Revocable Trust dated February 21, 2019, on December 26, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.37 to $43.365, 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 4 and footnote 5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.37 to $44.27, inclusive.