Form 4: Gitlab Director Matthew Jacobson Sells Over 129,000 Shares Through ICONIQ Affiliates

Gitlab Inc. Director and 10% owner Matthew Jacobson, through affiliated ICONIQ entities, sold 129,400 shares of Class A Common Stock for approximately $42.32 per share on June 25, 2025.

Summary

• Matthew Jacobson, a Director and 10% owner of Gitlab Inc. (GTLB), reported transactions on June 25, 2025.
• A total of 129,400 shares of Class A Common Stock were disposed of through sales by affiliated entities: 48,704 shares by ICONIQ Strategic Partners IV, L.P. and 80,696 shares by ICONIQ Strategic Partners IV-B, L.P.
• The shares were sold at a weighted average price of $42.3232 per share, with prices ranging from $42.13 to $42.65, totaling approximately $5,476,000.
• Following these transactions, Matthew Jacobson's indirect beneficial ownership through various ICONIQ entities includes: 551,997 shares by ICONIQ Strategic Partners IV, L.P.; 914,596 shares by ICONIQ Strategic Partners IV-B, L.P.; 493,554 shares by ICONIQ Strategic Partners III, L.P.; 527,367 shares by ICONIQ Strategic Partners III-B, L.P.; 58,428 shares by ICONIQ Strategic Partners V, L.P.; 132,980 shares by ICONIQ Strategic Partners V-B, L.P.; 429,104 shares by ICONIQ Strategic Partners VI, L.P.; 535,503 shares by ICONIQ Strategic Partners VI-B, L.P.; and 334,827 shares by ICONIQ Investment Holdings, LP.
• Matthew Jacobson also directly holds 551,618 shares through a trust, which includes 29,331 shares received in prior distributions-in-kind.
• The Reporting Person disclaims beneficial ownership of the reported securities for Section 16 purposes, except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider stock transaction and does not contain language or information that would inherently suggest a positive or negative sentiment regarding the company's performance or outlook. The sentiment is neutral as it simply reports a required disclosure.

Future Outlook

NA

Industry Context

This Form 4 filing reports an insider transaction, which is specific to Gitlab Inc. and its director, Matthew Jacobson. It does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders may interpret the sale of shares by a director and 10% owner as a potential signal regarding future company performance or valuation, which could influence investor sentiment.

Key Dates

Keywords

Gitlab, GTLB, SEC Form 4, Insider Trading, Stock Sale, Director, Beneficial Ownership, Matthew Jacobson, ICONIQ Capital, Equity Transaction