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GitLab technology chief sells 51,915 shares

The footnotes give distinct execution ranges for the multiple trades behind each weighted-average price.

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Form Type
4

Rhea-AI Filing Summary

GitLab Inc. (GTLB) Chief Technology Officer Sivaprasad Padisetty reported three direct sales of Class A Common Stock totaling 51,915 shares on September 28, 2026. The sales were 12,900 shares at a weighted average price of $44.83 per share, 33,095 shares at $46.05 per share, and 5,920 shares at $46.32 per share. The transactions were executed pursuant to a Rule 10b5-1 trading plan entered into June 29, 2026.

Insights

Analyzing...

Insider Padisetty Sivaprasad
Role Chief Technology Officer
Sold 51,915 shs ($2.38M)
Type Security Shares Price Value
Sale Class A Common Stock F1, F2 12,900 $44.83 $578K
Sale Class A Common Stock F1, F3 33,095 $46.05 $1.52M
Sale Class A Common Stock F1, F4, F5 5,920 $46.32 $274K
Holdings After Transaction: Class A Common Stock — 377,211 shares (Direct)
Footnotes (5)
  1. F1. This transaction was executed pursuant to a trading plan entered into by the reporting person, on June 29, 2026 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
  2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.27 to $45.18, inclusive. The Reporting Person undertakes to provide to GitLab Inc., any security holder of GitLab Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote 2, footnote 3, and footnote 4.
  3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.27 to $46.26, inclusive.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.27 to $46.43, inclusive.
  5. F5. Includes shares of Class A Common Stock that have not yet vested.
Shares sold in three transactions 51,915 shares September 28, 2026
Shares sold 12,900 shares September 28, 2026; weighted average price of $44.83 per share
Weighted average sale price $44.83 per share 12,900-share sale on September 28, 2026
Shares sold 33,095 shares September 28, 2026; weighted average price of $46.05 per share
Weighted average sale price $46.05 per share 33,095-share sale on September 28, 2026
Shares sold 5,920 shares September 28, 2026; weighted average price of $46.32 per share
Weighted average sale price $46.32 per share 5,920-share sale on September 28, 2026
Rule 10b5-1 regulatory
"in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
not yet vested financial
"shares of Class A Common Stock that have not yet vested"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did GTLB Chief Technology Officer Sivaprasad Padisetty sell, and at what prices?

Sivaprasad Padisetty reported selling 51,915 shares of Class A Common Stock on September 28, 2026, in three transactions: 12,900 shares at a weighted average price of $44.83 per share, 33,095 at $46.05 per share, and 5,920 at $46.32 per share. The sales were made pursuant to a Rule 10b5-1 plan entered into June 29, 2026.

What execution price ranges were reported for the GTLB insider sales?

For the 12,900-share sale, execution prices ranged from $44.27 to $45.18 per share; for 33,095 shares, from $45.27 to $46.26; and for 5,920 shares, from $46.27 to $46.43. Each range is inclusive, and each reported price was a weighted average of multiple transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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).
X
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*
Padisetty Sivaprasad

(Last)(First)(Middle)
C/O GITLAB INC.

(Street)
NOT APPLICABLE DELAWARE

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Gitlab Inc. [ GTLB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/28/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/28/2026S(1)12,900D$44.83(2)416,226D
Class A Common Stock09/28/2026S(1)33,095D$46.05(3)383,131D
Class A Common Stock09/28/2026S(1)5,920D$46.32(4)377,211(5)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This transaction was executed pursuant to a trading plan entered into by the reporting person, on June 29, 2026 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.27 to $45.18, inclusive. The Reporting Person undertakes to provide to GitLab Inc., any security holder of GitLab Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote 2, footnote 3, and footnote 4.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.27 to $46.26, inclusive.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.27 to $46.43, inclusive.
5. Includes shares of Class A Common Stock that have not yet vested.
Remarks:
/s/ Thomas J. Lloyd, Attorney-in-Fact for Sivaprasad Padisetty09/28/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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