GTLB insider sale: Director Karen Blasing disposes 3,250 shares via trading plan

Rhea-AI Filing Summary

GitLab director Karen Blasing reported sales of Class A common stock executed under a Rule 10b5-1 trading plan. The Form 4 discloses two sale blocks executed on 09/15/2025 totaling 3,250 shares sold at weighted-average prices near $50, reducing her beneficial ownership to about 100,639–101,040 shares depending on share class and unvested shares included. The filings state the sales were made pursuant to a trading plan established on March 26, 2024 and that some Class A shares reported remain unvested.

Positive

• Sales executed under a documented Rule 10b5-1 trading plan, which supports compliance and reduces concerns about opportunistic insider trading.
• Transparent reporting of weighted-average prices and offer to provide transaction-level details enhances disclosure quality for investors.

Negative

• Insider disposed of 3,250 Class A shares, which may be viewed by some investors as a reduction in insider holdings.
• Form indicates some shares reported remain unvested, which complicates simple interpretation of retained economic interest.

Insights

Corporate Governance Expert

TL;DR: Insider sales executed under a documented 10b5-1 plan signal routine, pre-planned liquidity rather than opportunistic trading.

The Form 4 shows a director sold a modest number of shares under an existing Rule 10b5-1 plan, with weighted-average sale prices disclosed and the plan start date provided. From a governance perspective, use of an established trading plan is a compliance best practice that reduces insider trading concerns. The disclosed remaining beneficial ownership includes unvested shares, which is relevant for assessing alignment with shareholders. This action appears procedural and not an indicator of policy noncompliance based on the reporting.

Securities Analyst

TL;DR: The transaction size is small relative to the director's retained position; impact on valuation is immaterial.

The Form 4 reports sales totaling 3,250 Class A shares at weighted-average prices around $50, leaving roughly 100k shares beneficially owned. For most public companies this scale of sale by a director is unlikely to affect market prices or signal a material shift in insider conviction. The filing includes transparent price ranges and an offer to provide transaction-level details on request, which supports market transparency.

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).

1. Name and Address of Reporting Person^*

BLASING KAREN

(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)
09/15/2025

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	09/15/2025		S(1)		2,849	D	$50.02(2)	101,040	D
Class A Common Stock	09/15/2025		S(1)		401	D	$50.54(3)	100,639(4)	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. The sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on March 26, 2024 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 $49.39 to $50.36, 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 and footnote 3.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.40 to $50.82 inclusive.

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

Remarks:

	/s/ Robin Schulman, Attorney-in-Fact for Karen Blasing	09/17/2025
	** 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 transactions did Karen Blasing report on the GitLab (GTLB) Form 4?

The Form 4 reports two sales on 09/15/2025 totaling 3,250 Class A shares executed under a Rule 10b5-1 trading plan.

Were the sales by the GitLab director part of a pre-established trading plan?

Yes. The filing states the sales were executed pursuant to a trading plan entered into on March 26, 2024 under Rule 10b5-1.

What were the prices for the shares sold in the GitLab filing?

The filing discloses weighted-average prices near $50.02 and $50.54, with underlying transaction ranges provided in the footnotes.

How many shares does Karen Blasing beneficially own after these reported transactions?

Following the reported sales, beneficial ownership is reported at approximately 100,639 to 101,040 shares, with the filing noting some Class A shares are unvested.

Does the Form 4 indicate the director will provide more detailed trade-level pricing?

Yes. The reporting person offers to provide full information regarding the number of shares purchased at each separate price within the disclosed ranges upon request.