Sijbrandij Sytse's Form 4 filing
Gitlab Inc. (GTLB) · filed Oct 18, 2021
- Accession no.
- 0001209191-21-060751
- Filed
- Oct 18, 2021, 6:46 PM ET
- Trade date
- Oct 18, 2021
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $192.5M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Sijbrandij SytseCIK 0001886022 | Director, Officer (Chief Executive Officer), 10% Owner |
| Rients.org BVCIK 0001888538 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 18, 2021 | Class A Common Stock | CConversionAcquired | +2,500,000 | $0.00F1 | $0 | 2,500,000 | Indirect | |
| Oct 18, 2021 | Class A Common Stock | SSaleDisposed | −2,500,000 | $77.00 | −$192,500,000 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 18, 2021 | Class A Common Stock | CConversionDisposed | −2,500,000 | $0.00F1 | $0 | 21,690,901 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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 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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.