Brian G. Robins - Dec 30, 2021 Form 4 Insider Report for Gitlab Inc. (GTLB)

Role: Chief Financial Officer
Signature: /s/ Robin Schulman, Attorney-in-Fact for Brian G. Robins
Stock symbol: GTLB
Transactions as of: Dec 30, 2021
Transactions value $: $0
Form type: 4
Date filed: 1/4/2022, 03:26 PM
Previous filing: Oct 13, 2021
Next filing: Jun 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTLB	Class A Common Stock	Conversion of derivative security		+400K			400K	Dec 30, 2021	Direct	F1
transaction	GTLB	Class A Common Stock	Conversion of derivative security		+100K			100K	Dec 30, 2021	See Footnote	F2, F3

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	Class B Common Stock	Conversion of derivative security	$0	-400K	-100%	$0.00^*	0	Dec 30, 2021	Class A Common Stock	400K		Direct	F1, F4
transaction	GTLB	Class B Common Stock	Conversion of derivative security	$0	-100K	-100%	$0.00^*	0	Dec 30, 2021	Class A Common Stock	100K		See footnote	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of the Issuer's Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers. On the date set forth in the table above, the reporting person converted all of his Class B Common Stock into Class A Common Stock.
F2	Each share of the Issuer's Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers. On the date set forth in the table above, the reporting person, as trustee of The Robins Family Trust, converted all shares of Class B Common Stock owned by the trust into Class A Common Stock.
F3	These securities are held directly by The Robins Family Trust.
F4	A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. Additionally, all of the Issuer's Class B Common Stock will convert automatically upon the earliest of: (i) ten years from the date of the Issuer's initial public offering (the "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 Common Stock (including shares of Class B Common 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 Common Stock.