Gitlab Inc. Files 8-K on Financials and Personnel

TL;DR

Gitlab dropped an 8-K detailing financials and exec changes. Check it out.

AI Summary

Gitlab Inc. filed an 8-K on December 5, 2024, reporting on its results of operations and financial condition, director departures, officer appointments, and regulatory disclosures. The filing also includes financial statements and exhibits related to events as of December 3, 2024.

Why It Matters

This 8-K filing provides crucial updates on Gitlab's financial performance and any changes in its leadership or board, which are important for investors to assess the company's stability and future prospects.

Risk Assessment

Risk Level: medium — 8-K filings can contain significant news about a company's financial health, leadership, or strategic direction, which could impact its stock price.

Key Players & Entities

• Gitlab Inc. (company) — Registrant
• 0001628280-24-050064 (filing_id) — Accession Number
• December 3, 2024 (date) — Earliest event reported
• December 5, 2024 (date) — Filing Date
• Delaware (jurisdiction) — State of Incorporation
• 001-40895 (company_id) — SEC File Number
• 471861035 (tax_id) — IRS Employer Identification No.
• 268 BUSH STREET #350, SAN FRANCISCO, CA 94104 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $0.0000025 — stered Class A Common Stock, par value $0.0000025 per share GTLB The Nasdaq Stock Market
• $600,000 — eceive an initial annual base salary of $600,000, will be eligible to receive bonus comp
• $24.0 million — ted a restricted stock unit award worth $24.0 million of the Company's Class A common stock (
• $16.0 million — a performance stock unit award covering $16.0 million of the Company's Class A common stock

Filing Documents

• gtlb-20241203.htm (8-K) — 41KB
• gitlab-ex99120241031fy25.htm (EX-99.1) — 400KB
• gitlablogoa.jpg (GRAPHIC) — 18KB
• 0001628280-24-050064.txt ( ) — 594KB
• gtlb-20241203.xsd (EX-101.SCH) — 2KB
• gtlb-20241203_lab.xml (EX-101.LAB) — 16KB
• gtlb-20241203_pre.xml (EX-101.PRE) — 9KB
• gtlb-20241203_htm.xml (XML) — 2KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On December 5, 2024, GitLab Inc. (the "Company") issued a press release announcing its financial results for the fiscal quarter ended October 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is furnished herewith as Exhibit 99.1. The Company also announced that it would hold a conference call to discuss its financial results for the fiscal third quarter ended October 31, 2024. The Company makes reference to non-GAAP financial information in the Company's press release and the webcast call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release. The information contained herein, including the accompanying Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings, unless expressly incorporated by specific reference in such filing. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers. (a) On December 3, 2024, Sytse Sijbrandij informed the Company that he will resign from his position as the Chief Executive Officer of the Company, effective December 5, 2024 (the "Effective Date"). In connection with Mr. Sijbrandij's resignation as Chief Executive Officer, the Company's board of directors (the "Board") appointed Mr. Sijbrandij as the Executive Chair of the Board, effective as of the Effective Date. In connection with his transition to Executive Chair of the Board, the Board agreed to modify Mr. Sijbrandij's outs

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. O n December 5, 2024, the Company posted supplemental investor materials on the Investors Relations section of its website, available at gitlab.gcs-web.com. The Company announces material information to the public through filings with the Securities and Exchange Commission, the investor relations page on the Company's website, press releases, public conference calls, webcasts, the Company's X (Twitter) account (@gitlab), the Company's Facebook page, the Company's LinkedIn page, the Company's news site, available at https://about.gitlab.com/press/, and blog posts on the Company's corporate blog at https://about.gitlab.com/blog/ in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD. The information disclosed by the foregoing channels could be deemed to be material information. As such, the Company encourages investors, the media and others to follow the channels listed above and to review the information disclosed through such channels. Any updates to the list of disclosure channels through which the Company announces information will be posted on the investor relations page on the Company's website.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated Dec ember 5 , 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GitLab Inc. Dated: December 5, 2024 By: /s/ Brian Robins Brian Robins Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR