GTLB Form 4: Board Member Adds 4.9K Shares via RSU Grant

Rhea-AI Filing Summary

GitLab Inc. (GTLB) – Form 4 filing dated 06/23/2025

Director Sundeep Bedi reported the annual non-employee director equity award granted on 06/20/2025. The award consists of 4,906 Class A RSUs at a grant price of $0.00. These RSUs vest in full on the earlier of (i) the next annual shareholders’ meeting or (ii) one year from the grant date, subject to continued board service.

After the grant, Bedi’s total reported beneficial ownership stands at 17,319 Class A shares, which includes unvested RSUs. No sales or disposals were disclosed, and no derivative securities were involved.

The filing represents routine board compensation and does not indicate any change in the company’s operational outlook or financial condition.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant; neutral governance impact.

The disclosed transaction is a standard annual equity award for a non-employee director, aligning GitLab’s governance practices with typical Silicon Valley compensation structures. The single-line Form 4 shows no share sales, suggesting no liquidity event or negative signal. The size—4,906 shares—represents an immaterial fraction of GitLab’s outstanding Class A shares. Therefore, the event does not materially alter insider ownership patterns or board incentives and is unlikely to influence valuation or voting dynamics.

Securities Analyst

TL;DR: Neutral for GTLB stock; minor insider acquisition.

The RSU grant adds roughly 0.0X % to total share count and reflects standard director compensation. With post-transaction ownership at 17,319 shares, the director retains modest skin in the game but the scale is too small to change supply-demand considerations. No purchase for cash occurred, so there is no direct capital inflow. Overall, the filing is non-impactful for GTLB’s near-term trading narrative.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bedi Sundeep

(Last) (First) (Middle)

C/O GITLAB INC.

(Street)

NOT APPLICABLE DE

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Gitlab Inc. [ GTLB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/20/2025		A		4,906(1)	A	$0	17,319(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an annual grant of restricted stock units ("RSUs") for non-employee board service. Each RSU represents a right to receive one share of Gitlab Inc. (the "Company") Class A Common Stock upon vesting. The shares underlying the RSUs will fully vest on the earlier of (1) the date of the following year's annual meeting of the Company's stockholders and (2) the date that is one year following the date of grant (the "Vesting Date"), subject to the reporting person's continued service to the Company on the applicable Vesting Date.

2. Includes shares of Class A Common Stock that have not yet vested.

Remarks:

	/s/ Robin Schulman, Attorney-in-Fact for Sundeep Bedi	06/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did GitLab (GTLB) disclose in the 06/23/2025 Form 4?

GitLab reported that Director Sundeep Bedi received 4,906 Class A RSUs on 06/20/2025 as part of annual board compensation.

How many GitLab shares does Sundeep Bedi now beneficially own?

After the RSU grant, Bedi beneficially owns 17,319 Class A shares, including unvested RSUs.

When will the newly granted RSUs vest?

The RSUs fully vest on the earlier of the next annual shareholder meeting or one year from 06/20/2025, subject to continued service.

Was any cash paid for the RSUs granted to the director?

No. The RSUs were granted at a $0.00 exercise price as part of non-employee director compensation.

Does this Form 4 indicate any insider selling activity at GitLab?

No. The filing shows only an acquisition of RSUs; no shares were sold or disposed of.