Date | Price Target | Rating | Analyst |
---|---|---|---|
4/12/2024 | $70.00 | Mkt Perform → Outperform | Raymond James |
4/9/2024 | $70.00 | Overweight | Wells Fargo |
3/22/2024 | $72.00 | Overweight | CapitalOne |
3/19/2024 | $70.00 | Overweight | KeyBanc Capital Markets |
3/6/2024 | $75.00 | Peer Perform → Outperform | Wolfe Research |
1/8/2024 | $73.00 | Neutral → Buy | Mizuho |
11/29/2023 | Mkt Perform | Raymond James | |
11/22/2023 | $55.00 | Overweight | Cantor Fitzgerald |
First Quarter Fiscal Year 2025 Highlights: Total revenue of $169.2 million, up 33% year-over-yearSignificant year-over-year GAAP and Non-GAAP operating margin expansionOperating cash flow of $38.1 million and Non-GAAP adjusted free cash flow of $37.4 million SAN FRANCISCO, June 03, 2024 (GLOBE NEWSWIRE) -- GitLab Inc. (NASDAQ:GTLB), The DevSecOps Platform, today reported financial results for its first quarter fiscal year 2025, ended April 30, 2024. "GitLab continues to differentiate our platform with AI-driven software innovations that are streamlining how customers build, test, secure, and deploy software," said Sid Sijbrandij, GitLab CEO and co-founder. "Our results
SAN FRANCISCO, May 13, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., (NASDAQ:GTLB), the most comprehensive AI-powered DevSecOps Platform, today announced that it will report its financial results for the first quarter of fiscal year 2025, which ended April 30, 2024, after U.S. markets close on Monday, June 3, 2024. Management will host a conference call and webcast on the same day to discuss the company's financial results at 4:30 p.m. EST / 1:30 p.m. PST. GitLab First Quarter Fiscal 2025 Financial Results Conference Call and WebcastWhen: Monday, June 3, 2024Time: 4:30 p.m. EST / 1:30 p.m. PSTConference ID: GITLABLive Call: 1-800-225-9448 (US/Canada Toll-Free) or 1-203-518-9708 (Toll
SAN FRANCISCO, March 20, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it has acquired Oxeye, the provider of an award-winning, cloud-native application security and risk management solution. With the acquisition of Oxeye, GitLab will accelerate its Static Application Security Testing (SAST) roadmap. Oxeye's capabilities will also augment GitLab's software composition analysis and compliance tools. Oxeye offers an automated cloud-native application security testing solution to help customers identify and resolve application-layer risks across the software development lifecycle. Its capabilities beyond SAST includ
Quarterly revenue of $163.8 million, up 33% year-over-year Fiscal Fourth Quarter Highlights: Total revenue of $163.8 millionGAAP operating margin of (21)%; Non-GAAP operating margin of 8%GAAP net loss per share of $(0.23); Non-GAAP net income per share of $0.15 Fiscal Year 2024 Highlights: Total revenue of $579.9 millionGAAP operating margin of (32)%; Non-GAAP operating margin of (0.2)%GAAP net loss per share of $(2.75); Non-GAAP net income per share of $0.20 SAN FRANCISCO, March 04, 2024 (GLOBE NEWSWIRE) -- All-Remote - GitLab Inc. (NASDAQ:GTLB), The DevSecOps Platform, today reported financial results for its fourth quarter and full fiscal year of 2024, ended January 31, 2024. "We
SAN FRANCISCO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., (NASDAQ:GTLB), the most comprehensive AI-powered DevSecOps Platform, today announced that it will report its financial results for the fourth quarter and its fiscal year 2024, which ended January 31, 2024, after U.S. markets close on Monday, March 4, 2024. GitLab will host a Zoom video conference and earnings webcast beginning at 4:30 p.m. EST / 1:30 p.m. PST on the same day to discuss the company's financial results. Interested parties may register for the conference call here or at ir.gitlab.com. An archived replay of the webcast and a transcript of the prepared remarks will be available on the GitLab Investor R
Quarterly revenue of $149.7 million, up 32% year-over-year Fiscal Third Quarter Highlights: Total revenue of $149.7 millionGAAP operating margin of (27)%; Non-GAAP operating margin of 3%GAAP net loss per share of $(1.84); Non-GAAP net income per share of $0.09 SAN FRANCISCO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- All-Remote - GitLab Inc. (NASDAQ:GTLB), The DevSecOps Platform, today reported financial results for its third quarter fiscal year 2024, ended October 31, 2023. "We delivered a strong quarter, which was driven by the continued adoption of our DevSecOps Platform," said Sid Sijbrandij, GitLab CEO and co-founder. "GitLab is the only DevSecOps company that integrates security, complian
SAN FRANCISCO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., (NASDAQ:GTLB), the most comprehensive AI-powered DevSecOps Platform, today announced that it will report its financial results for the third quarter of fiscal year 2024, which ended October 31, 2023, after U.S. markets close on Monday, December 4, 2023. GitLab will host a Zoom video conference and earnings webcast beginning at 4:30 p.m. EST / 1:30 p.m. PST on the same day to discuss the company's financial results. Interested parties may register for the conference call here or at ir.gitlab.com. An archived replay of the webcast and a transcript of the prepared remarks will be available on the GitLab Investor Rela
Quarterly revenue of $139.6 million, up 38% year-over-year Fiscal Second Quarter Highlights: Total revenue of $139.6 millionGAAP operating margin of (39)%; Non-GAAP operating margin of (3)%GAAP net loss per share of $(0.33); Non-GAAP net income per share of $0.01 SAN FRANCISCO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- All-Remote - GitLab Inc. (NASDAQ:GTLB), The DevSecOps Platform, today reported financial results for its second quarter fiscal year 2024, ended July 31, 2023. "GitLab's strong quarter is a result of our focus on creating a differentiated and innovative DevSecOps platform and executing on a strong go-to-market motion," said Sid Sijbrandij, GitLab CEO and co-founder. "In addition
SAN FRANCISCO, July 18, 2023 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, announced the appointment of Chris Weber as its chief revenue officer effective today. Weber will be responsible for the planning and execution of global revenue operations at GitLab as the company scales toward its next phase of growth. He will oversee all field operations, including sales, customer success and strategic partnerships. Weber has held senior management roles for more than 20 years, leading enterprise sales strategy, building high performing teams, and managing global customer relationships across industries. He previously served as the firs
Quarterly revenue of $126.9 million, up 45% year-over-year Fiscal First Quarter Highlights: Total revenue of $126.9 millionGAAP operating margin of (46)%; Non-GAAP operating margin of (12)%GAAP net loss per share of $(0.35); Non-GAAP net loss per share of $(0.06) SAN FRANCISCO, June 05, 2023 (GLOBE NEWSWIRE) -- All-Remote - GitLab Inc. (NASDAQ:GTLB), The DevSecOps Platform, today reported financial results for its first quarter fiscal year 2024, ended April 30, 2023. "With AI revolutionizing how companies develop, secure, and operate software, we believe GitLab is positioned as the leading AI-powered DevSecOps platform," said Sid Sijbrandij, GitLab CEO and Co-Founder. "Today, we deliv
SAN FRANCISCO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced the appointment of Sabrina Farmer as its chief technology officer (CTO). Farmer will lead GitLab's software engineering, operations, and customer support teams to execute the company's technical vision and strategy and oversee the development and delivery of GitLab's products. She joins GitLab after a 19-year career at Google where she most recently served as vice president of engineering, core infrastructure. During her tenure with Google, she was directly responsible for the reliability, performance, and efficiency of all of Google's billion-u
SAN FRANCISCO, June 30, 2023 (GLOBE NEWSWIRE) -- GitLab Inc., the most comprehensive AI-powered enterprise DevSecOps platform, today announced the appointment of Erin Mannix as chief accounting officer. She will succeed Dale Brown, current principal accounting officer, who is retiring but will remain with the company in an advisory role through October 2023 to ensure a seamless transition. Mannix will be responsible for providing overall accounting leadership spanning technical accounting, reporting and operations in addition to leading the financial reporting process and SOX controls. She brings 20 years of experience in accounting and a strong background in information technology
SAN FRANCISCO, June 13, 2023 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered enterprise DevSecOps platform, today announced the appointment of Josh Lemos as Chief Information Security Officer (CISO). He will be responsible for leading the company's global security strategy and compliance initiatives, fortifying the GitLab DevSecOps platform, and ensuring the highest level of security for customers. Lemos brings over 20 years of experience leading information security programs and teams at high-growth technology companies to GitLab. He most recently served as CISO at Block (formerly known as Square), and previously held senior security executive r
SAN FRANCISCO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- ALL REMOTE – GitLab Inc., the DevSecOps platform, announced today the appointment of Mark Porter, Chief Technology Officer at MongoDB, Inc., to its Board of Directors. Over the last three decades, Porter has focused his career on databases both on the customer side at Grab, NASA, and News Corp, as well as, on the vendor side at MongoDB, AWS, and Oracle. Porter joins the board to add his technology expertise as the company's product strategy evolves to capture more of the DevSecOps market including the incorporation of MLOps and DataOps within its Platform. "GitLab is taking software development lifecycle practices and unlocking next gen Dev
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
4 - Gitlab Inc. (0001653482) (Issuer)
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BEARISH 07/05/24 $125.00 $31.2K 42.1K 173.2K AAPL CALL SWEEP BEARISH 07/05/24 $217.50
Across the recent three months, 15 analysts have shared their insights on GitLab (NASDAQ:GTLB), expressing a variety of opinions spanning from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 6 3 0 0 Last 30D 0 1 0 0 0 1M Ago 4 3 3 0 0 2M Ago 1 0 0 0 0 3M Ago 1 2 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $63.47, a high estimate of $80.00, and a low estimate of $50.00. Observing a downward trend
RBC Capital analyst Matthew Hedberg reiterates GitLab (NASDAQ:GTLB) with a Outperform and maintains $65 price target.
GitLab Inc (NASDAQ:GTLB) stock traded higher on Wednesday after the company disclosed that its board amended its severance plan after a periodic review. The revisions clarified that the board cannot cancel an individual’s equity awards without consideration during a corporate transaction, affecting certain team members and named executive officers. In June, GitLab reported first-quarter revenue of $169.187 million, beating analyst consensus estimates of $165.887 million. The company reported first-quarter adjusted EPS of $0.03, beating analyst estimates for a loss of $(0.04). Revenue was up 33% on a year-over-year basis. Customers with more than $5,000 of ARR increased to 8,976, up
All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it has achieved "In Process" designation at the Moderate impact level from the Federal Risk and Authorization Management Program (FedRAMP).
All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced the public beta of expanded integrations with Google Cloud that will help developers work more effectively, quickly, and productively. The integrations combine GitLab's comprehensive DevSecOps platform capabilities, including source code management, planning, CI/CD workflow, and advanced security and compliance with Google Identity Access Management, Workload Identity Federation, Google Cloud Artifact Registry, and Google Compute Engine.
Canaccord Genuity analyst Kingsley Crane maintains GitLab (NASDAQ:GTLB) with a Buy and lowers the price target from $74 to $65.
BTIG analyst Gray Powell maintains GitLab (NASDAQ:GTLB) with a Buy and lowers the price target from $71 to $58.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 06/07/24 $1150.00 $31.6K 12.2K 32.8K AMD CALL SWEEP BULLISH 06/07/24 $162.50
144 - Gitlab Inc. (0001653482) (Subject)
144 - Gitlab Inc. (0001653482) (Subject)
8-K - Gitlab Inc. (0001653482) (Filer)
8-K - Gitlab Inc. (0001653482) (Filer)
144 - Gitlab Inc. (0001653482) (Subject)
10-Q - Gitlab Inc. (0001653482) (Filer)
8-K - Gitlab Inc. (0001653482) (Filer)
ARS - Gitlab Inc. (0001653482) (Filer)
DEFA14A - Gitlab Inc. (0001653482) (Filer)
DEF 14A - Gitlab Inc. (0001653482) (Filer)
SAN FRANCISCO, June 25, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it has achieved "In Process" designation at the Moderate impact level from the Federal Risk and Authorization Management Program (FedRAMP). The FedRAMP program promotes the adoption of secure and compliant cloud services across the federal government. The authorization process includes an in-depth examination of GitLab's data security and data governance capabilities and the security practices of its cloud services. GitLab is now listed in the FedRAMP Marketplace and continues to work toward achieving the FedRAMP "Authorized" designation. GitL
CxOs and staff are not aligned on the topics of AI, risk, and trainingEfforts to fix security vulnerabilities are hindered by organizational red tapeLeadership understands the importance of developer productivity for organizational success but isn't measuring it against business outcomesWhile most companies are shipping software twice as fast as last year, toolchain sprawl is hindering velocity SAN FRANCISCO, June 25, 2024 (GLOBE NEWSWIRE) -- ALL REMOTE -- GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today released its 8th annual Global DevSecOps Report on the current state of software development. In April 2024, GitLab surveyed over 5,300 CxOs, IT leaders, developer
SAN FRANCISCO, June 12, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced the public beta of expanded integrations with Google Cloud that will help developers work more effectively, quickly, and productively. The integrations combine GitLab's comprehensive DevSecOps platform capabilities, including source code management, planning, CI/CD workflow, and advanced security and compliance with Google Identity Access Management, Workload Identity Federation, Google Cloud Artifact Registry, and Google Compute Engine. From the GitLab platform, joint customers have complete visibility across the entire software development l
First Quarter Fiscal Year 2025 Highlights: Total revenue of $169.2 million, up 33% year-over-yearSignificant year-over-year GAAP and Non-GAAP operating margin expansionOperating cash flow of $38.1 million and Non-GAAP adjusted free cash flow of $37.4 million SAN FRANCISCO, June 03, 2024 (GLOBE NEWSWIRE) -- GitLab Inc. (NASDAQ:GTLB), The DevSecOps Platform, today reported financial results for its first quarter fiscal year 2025, ended April 30, 2024. "GitLab continues to differentiate our platform with AI-driven software innovations that are streamlining how customers build, test, secure, and deploy software," said Sid Sijbrandij, GitLab CEO and co-founder. "Our results
Including AI capabilities to help organizations better secure their software with vulnerability explanation and remediationEnabling DevSecOps teams to quickly respond and remediate CI failures and code errors with AI-powered root cause analysisEmpowering customers to measure the impact and ROI of their AI investments through the AI Impact Dashboard SAN FRANCISCO, May 16, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced new innovations across the platform to streamline how organizations build, test, secure, and deploy software. Introducing GitLab Duo Enterprise GitLab Duo Enterprise, a new end-to-end AI add-
SAN FRANCISCO, May 13, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., (NASDAQ:GTLB), the most comprehensive AI-powered DevSecOps Platform, today announced that it will report its financial results for the first quarter of fiscal year 2025, which ended April 30, 2024, after U.S. markets close on Monday, June 3, 2024. Management will host a conference call and webcast on the same day to discuss the company's financial results at 4:30 p.m. EST / 1:30 p.m. PST. GitLab First Quarter Fiscal 2025 Financial Results Conference Call and WebcastWhen: Monday, June 3, 2024Time: 4:30 p.m. EST / 1:30 p.m. PSTConference ID: GITLABLive Call: 1-800-225-9448 (US/Canada Toll-Free) or 1-203-518-9708 (Toll
New, personalized ‘maintenance windows' provide compliance and security with a smoother employee experience across macOS, Windows, and Linux Fleet, the leader in open-source device management, today announced its newest feature designed to put an end to the all-too-common disruptions caused by IT notifications and forced restarts. The newly-released ‘Maintenance windows' feature integrates security patches into the natural flow of the day for both in-office and remote workers, ensuring that critical updates do not interrupt important work. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430093203/en/Fleet's ‘Maintenance wind
SAN FRANCISCO, April 18, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced the general availability of GitLab Duo Chat. GitLab Duo Chat brings the GitLab Duo suite of AI capabilities together into a single, easy-to-use, natural language chat interface to connect DevSecOps workflows across the entire software development lifecycle. Chat is available within the GitLab Duo Pro add-on, which combines AI capabilities to help enhance developer efficiency and collaboration in a single DevSecOps platform. GitLab Duo Chat features include: Code explanation to help users understand unfamiliar code.Code refactoring to help us
SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced that it has received the 2024 Google Cloud Technology Partner of the Year Award in the Application Development - DevOps category. This is the fourth consecutive year GitLab has been recognized. GitLab was recognized for its achievements in Application Development - DevOps within the Google Cloud ecosystem. Over the past year, GitLab has expanded its strategic partnership with Google Cloud to deliver secure AI offerings to the enterprise. GitLab leverages the Vertex AI Model Garden to embed AI-powered features into the DevSecOps platform with
SAN FRANCISCO, March 22, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., (NASDAQ:GTLB), the most comprehensive AI-powered DevSecOps platform, today announced that GitLab CEO and co-founder Sid Sijbrandij and GitLab Chief Financial Officer Brian Robins will participate in a fireside chat with Truist Securities on Wednesday, March 27, 2024. The fireside chat is scheduled for 12:30 p.m. Pacific Time and will be webcast live at the following link: https://openexc.zoom.us/webinar/register/WN_0PHIBccKTZCJD5Lmot-jCQ A link to the replay of the fireside chat will be available on the investor relations section of the GitLab website at: https://ir.gitlab.com/news-events/events About GitLab Gi
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Raymond James upgraded GitLab from Mkt Perform to Outperform and set a new price target of $70.00
Wells Fargo initiated coverage of GitLab with a rating of Overweight and set a new price target of $70.00
CapitalOne initiated coverage of GitLab with a rating of Overweight and set a new price target of $72.00
KeyBanc Capital Markets initiated coverage of GitLab with a rating of Overweight and set a new price target of $70.00
Wolfe Research upgraded GitLab from Peer Perform to Outperform and set a new price target of $75.00
Mizuho upgraded GitLab from Neutral to Buy and set a new price target of $73.00
Raymond James initiated coverage of GitLab with a rating of Mkt Perform
Cantor Fitzgerald initiated coverage of GitLab with a rating of Overweight and set a new price target of $55.00
Barclays downgraded GitLab from Overweight to Equal Weight and set a new price target of $50.00 from $65.00 previously
BTIG Research initiated coverage of GitLab with a rating of Buy and set a new price target of $56.00
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1 (b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 2) *
GitLab Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
37637K108
(CUSIP Number)
December 31, 2023
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
Page 1 of 11 Pages
Exhibit Index Contained on Page 10
CUSIP NO. 37637K108 | 13 G | Page 2 of 11 |
1 | NAME OF REPORTING PERSON | August Capital VII, L.P. (“August VII”) | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) | ¨ | (b) | x | |
3 | SEC USE ONLY | |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 0 shares |
6 | SHARED VOTING POWER See response to row 5. | |
7 | SOLE DISPOSITIVE POWER 0 shares | |
8 | SHARED DISPOSITIVE POWER See response to row 7. |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
0 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.0% |
12 | TYPE OF REPORTING PERSON | PN |
CUSIP NO. 37637K108 | 13 G | Page 3 of 11 |
1 | NAME OF REPORTING PERSON | August Capital Management VII, L.L.C. (“ACM VII”) | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) | ¨ | (b) | x | |
3 | SEC USE ONLY | |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE
VOTING POWER 0 shares |
6 | SHARED
VOTING POWER See response to row 5. | |
7 | SOLE
DISPOSITIVE POWER 0 shares | |
8 | SHARED
DISPOSITIVE POWER See response to row 7. |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
0 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.0% |
12 | TYPE OF REPORTING PERSON | OO |
CUSIP NO. 37637K108 | 13 G | Page 4 of 11 |
1 | NAME OF REPORTING PERSON | W. Eric Carlborg (“Carlborg”) | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) | ¨ | (b) | x | |
3 | SEC USE ONLY | |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen |
5 | SOLE VOTING POWER 788,200 shares | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 | SHARED VOTING POWER 0 shares |
7 | SOLE DISPOSITIVE POWER 788,200 shares | |
8 | SHARED
DISPOSITIVE POWER 0 shares |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
788,200 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.7% |
12 | TYPE OF REPORTING PERSON | IN |
CUSIP NO. 37637K108 | 13 G | Page 5 of 11 |
1 | NAME OF REPORTING PERSON | Howard Hartenbaum (“Hartenbaum”) | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) | ¨ | (b) | x | |
3 | SEC USE ONLY | |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen |
5 | SOLE VOTING POWER 391,226 shares | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 | SHARED VOTING POWER 0 shares |
7 | SOLE DISPOSITIVE POWER 391,226 shares | |
8 | SHARED DISPOSITIVE POWER 0 shares |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
391,226 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.4% |
12 | TYPE OF REPORTING PERSON | IN |
CUSIP NO. 37637K108 | 13 G | Page 6 of 11 |
1 | NAME OF REPORTING PERSON | David Hornik (“Hornik”) | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) | ¨ | (b) | x | |
3 | SEC USE ONLY | |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen |
5 | SOLE VOTING POWER 0 shares | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 | SHARED VOTING POWER 0 shares |
7 | SOLE DISPOSITIVE POWER 0 shares | |
8 | SHARED DISPOSITIVE POWER 0 shares |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
0 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.0% |
12 | TYPE OF REPORTING PERSON | IN |
CUSIP NO. 37637K108 | 13 G | Page 7 of 11 |
ITEM 1(A). | NAME OF ISSUER |
GitLab Inc.
ITEM 1(B). | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES |
Not applicable. The issuer is a remote-only company that does not maintain a headquarters or principal executive office.
ITEM 2(A). | NAME OF PERSONS FILING
This Statement is filed by August Capital VII, L.P. (“August VII”), August Capital Management VII, L.L.C., a Delaware limited liability company (“ACM VII”), and W. Eric Carlborg (“Carlborg”), Howard Hartenbaum (“Hartenbaum”) and David M. Hornik (“Hornik”). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.” |
ACM VII, the general partner of August VII, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by August VII.
Carlborg, Hartenbaum and Hornik are members of ACM VII and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by August VII.
ITEM 2(B). | ADDRESS OF PRINCIPAL BUSINESS OFFICE |
The address for each reporting person is:
August Capital
445 Sherman Avenue, Suite 230
Palo Alto, California 94306
ITEM 2(C). | CITIZENSHIP |
August VII is a Delaware limited partnership. ACM VII is a Delaware limited liability company. Carlborg, Hartenbaum and Hornik are United States Citizens.
ITEM 2(D) and (E). | TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER |
Class A Common Stock
CUSIP #37637K108
ITEM 3. | Not Applicable. |
ITEM 4. | OWNERSHIP Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |
The following information with respect to the ownership of the Class A Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2023 (based on 107,900,000 shares of Class A Common Stock of the issuer outstanding as of November 27, 2023 as reported by the issuer in its Form 10-Q for the quarterly period ended October 31, 2023).
CUSIP NO. 37637K108 | 13 G | Page 8 of 11 |
(a) | Amount beneficially owned: See Row 9 of cover page for each Reporting Person. |
(b) | Percent of Class: See Row 11 of cover page for each Reporting Person. |
(c) | Number of shares as to which such person has: |
(i) | Sole power to vote or to direct the vote: See Row 5 of cover page for each Reporting Person. |
(ii) | Shared power to vote or to direct the vote: |
See Row 6 of cover page for each Reporting Person.
(iii) | Sole power to dispose or to direct the disposition of: |
See Row 7 of cover page for each Reporting Person.
(iv) | Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each Reporting Person. |
ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of 5 percent of the class of securities, check the following x.
ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
Under certain circumstances set forth in the limited partnership agreement of August VII, and the limited liability company agreement of ACM VII, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or member, as the case may be.
ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY |
Not applicable.
ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP |
Not applicable.
ITEM 9. | NOTICE OF DISSOLUTION OF GROUP |
Not applicable.
ITEM 10. | CERTIFICATION |
Not applicable.
CUSIP NO. 37637K108 | 13 G | Page 9 of 11 |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2024
AUGUST CAPITAL VII, L.P., a Delaware Limited Partnership | ||
AUGUST CAPITAL MANAGEMENT VII, L.L.C., a Delaware Limited Liability Company | ||
By: | /s/ Abigail Hipps | |
Abigail Hipps | ||
Attorney-in-Fact* | ||
W. ERIC CARLBORG HOWARD HARTENBAUM DAVID M. HORNIK | ||
By: | /s/ Abigail Hipps | |
Abigail Hipps | ||
Attorney-in-Fact* |
*Signed pursuant to a Power of Attorney already on file with the appropriate agencies.
CUSIP NO. 37637K108 | 13 G | Page 10 of 11 |
EXHIBIT INDEX
Found on Sequentially | |
Exhibit | Numbered Page |
Exhibit A: Agreement of Joint Filing | 11 |
CUSIP NO. 37637K108 | 13 G | Page 11 of 11 |
Agreement of Joint Filing
The Reporting Persons hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Class A Common Stock of GitLab Inc. shall be filed on behalf of each of the Reporting Persons. Note that a copy of the applicable Agreement of Joint Filing is already on file with the appropriate agencies.