GTLB Form 144: 13,000-share insider sale signals routine diversification

Rhea-AI Filing Summary

GitLab Inc. (GTLB) has filed a Form 144 indicating an intended insider sale of up to 13,000 common shares. The proposed transaction, to be executed through Morgan Stanley Smith Barney LLC, carries an aggregate market value of approximately $574,990 based on prevailing prices. The filing lists 146.1 million shares outstanding, meaning the sale represents roughly 0.009% of total shares—a very small fraction of the float.

The seller, identified in the attachment as Karen Blasing, previously disposed of 6,500 shares over the last three months under a Rule 10b5-1 trading plan, generating gross proceeds of about $314,000. The new sale is also scheduled under Rule 10b5-1, with an expected trade date of 06/27/2025 on Nasdaq.

Form 144 is a notice, not a completed transaction; it simply alerts the market that an affiliate or insider may sell restricted or controlled securities within the next 90 days. The signer affirms no possession of undisclosed material adverse information at the time of the filing. No additional financial metrics, earnings data, or strategic corporate developments accompany this notice.

Insights

Corporate Governance Expert

TL;DR: Small Rule 144 insider sale (0.009% of float); routine, low-impact signal for GitLab investors.

Insider sale notifications can raise concern, yet materiality is key. The 13,000-share intent equals under one-hundredth of one percent of outstanding shares, well within typical 10b5-1 diversification. Recent 6,500-share sales reinforce a scheduled pattern rather than opportunistic disposal. No adverse operational information is asserted, and the filing lacks performance data. Therefore the governance implication is neutral: investors should note, but it is unlikely to influence valuation or liquidity.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	13000	574990.00	146100000	06/27/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/27/2019	Previously Exercised Options	Issuer			13000	08/27/2019	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for KAREN BLASING 268 BUSH STREET, #350 SAN FRANCISCO CA 94104	COMMON	05/15/2025	3250	167659.05
10b5-1 Sales for KAREN BLASING 268 BUSH STREET, #350 SAN FRANCISCO CA 94104	COMMON	04/23/2025	3250	146250.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many GitLab (GTLB) shares are insiders planning to sell per the Form 144?

The notice covers up to 13,000 common shares.

What is the approximate market value of the proposed GitLab insider sale?

The filing lists an aggregate value of $574,990.

What percentage of GitLab's outstanding shares does the 13,000-share sale represent?

Approximately 0.009% of the 146.1 million shares outstanding.

Which broker will execute the planned GitLab share sale?

The sale is to be handled by Morgan Stanley Smith Barney LLC.

Is the GitLab insider sale under a Rule 10b5-1 trading plan?

Yes. Both the proposed sale and prior recent sales were filed as Rule 10b5-1 plan transactions.