Bedi Sundeep's Form 4 filing
Gitlab Inc. (GTLB) · filed Mar 29, 2024
- Accession no.
- 0001628280-24-013833
- Filed
- Mar 29, 2024
- Trade date
- Mar 27, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 3 derivative transactions. Open-market sales total $527.8K. It was filed 2 days after the trade.
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 |
|---|---|
| Bedi SundeepCIK 0001886025 | Director |
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 |
|---|---|---|---|---|---|---|---|---|
| Mar 27, 2024 | Class A Common Stock | CConversionAcquired | +9,000 | $0.00F1 | $0 | 17,369 | Direct | |
| Mar 27, 2024 | Class A Common Stock | SSaleDisposed | −5,000 | $58.65 | −$293,250 | 12,369 | Direct | |
| Mar 27, 2024 | Class A Common Stock | SSaleDisposed | −4,000 | $58.63 | −$234,520 | 8,369 | Direct |
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 |
|---|---|---|---|---|---|---|---|---|
| Mar 27, 2024 | Class B Common Stock | MOption exerciseDisposed | −9,000 | $0.00 | $0 | 27,000 | Direct | |
| Mar 27, 2024 | Class A Common Stock | MOption exerciseAcquired | +9,000 | –F1 | – | 9,000 | Direct | |
| Mar 27, 2024 | Class A Common Stock | CConversionDisposed | −9,000 | –F1 | – | 0 | Direct |
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 Sytse Sijbrandij, (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 2 transactions in Table II.