Jacobson Matthew 4
4 · Gitlab Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
GitLab (GTLB) Director Matthew Jacobson Sells Shares
What Happened
- Matthew Jacobson, a director of GitLab Inc. (GTLB), sold 1,159,908 shares in open-market transactions on March 19–20, 2026, generating aggregate proceeds of approximately $26.35 million.
- Sales were reported at weighted-average prices of $22.95 (March 19) and $22.37 (March 20); individual sale prices ranged roughly $21.985 to $23.34 across the trades.
- This was a series of sales (code S) — routine disposition of shares rather than a purchase or option exercise.
Key Details
- Transaction dates: March 19, 2026 and March 20, 2026. Report filed with the SEC on March 23, 2026 (appears timely).
- Shares sold: 1,159,908 total. Aggregate proceeds: ~$26,350,371.
- Reported weighted-average prices: $22.95 (3/19; range $22.51–$23.34) and $22.37 (3/20; range $21.985–$22.76). Full per-trade price breakdown is available from the SEC staff on request (per filing footnotes).
- Shares owned after the transaction: not specified in the data provided.
- Notable footnotes: filing notes weighted-average prices and price ranges (F1, F5). The reporting person disclaims beneficial ownership of certain shares held via a trust of which he is trustee (F6/F4). Additional footnotes describe complex ICONIQ partnership structures (F2, F3) referenced in the filing.
Context
- These were open-market sales (S) — common for liquidity, diversification, or tax planning. Sales do not necessarily signal a change in outlook; filings are factual notices of the trades.
- Transaction code: S = Sale. No option exercises, awards, or gifts were reported here.
Insider Transaction Report
Form 4
Gitlab Inc.GTLB
Jacobson Matthew
Director
Transactions
- Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−495$11,359→ 325 total(indirect: By ICONIQ Strategic Partners III, L.P.) - Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−529$12,139→ 347 total(indirect: By ICONIQ Strategic Partners III-B, L.P.) - Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−499$11,451→ 328 total(indirect: By ICONIQ Strategic Partners IV, L.P.) - Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−827$18,977→ 543 total(indirect: By ICONIQ Strategic Partners IV-B, L.P.) - Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−49,349$1,132,412→ 9,079 total(indirect: By ICONIQ Strategic Partners V, L.P.) - Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−66,183$1,518,701→ 66,797 total(indirect: By ICONIQ Strategic Partners V-B, L.P.) - Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−235,382$5,401,311→ 193,722 total(indirect: By ICONIQ Strategic Partners VI, L.P.) - Sale
Class A Common Stock
[F1][F2][F3][F4]2026-03-19$22.95/sh−346,845$7,959,052→ 188,658 total(indirect: By ICONIQ Strategic Partners VI-B, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−325$7,270→ 0 total(indirect: By ICONIQ Strategic Partners III, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−347$7,762→ 0 total(indirect: By ICONIQ Strategic Partners III-B, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−328$7,337→ 0 total(indirect: By ICONIQ Strategic Partners IV, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−543$12,146→ 0 total(indirect: By ICONIQ Strategic Partners IV-B, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−9,079$203,083→ 0 total(indirect: By ICONIQ Strategic Partners V, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−66,797$1,494,142→ 0 total(indirect: By ICONIQ Strategic Partners V-B, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−193,722$4,333,251→ 0 total(indirect: By ICONIQ Strategic Partners VI, L.P.) - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-03-20$22.37/sh−188,658$4,219,978→ 0 total(indirect: By ICONIQ Strategic Partners VI-B, L.P.)
Holdings
- 587,050
Class A Common Stock
[F6]
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $22.51 to $23.34. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
- [F2]ICONIQ Strategic Partners III GP, L.P. ("ICONIQ III GP") is the sole general partner of each of ICONIQ Strategic Partners III, L.P. ("ICONIQ III") and ICONIQ Strategic Partners III-B, L.P. ("ICONIQ III-B"). ICONIQ Strategic Partners III TT GP, Ltd. ("ICONIQ III Parent GP") is the sole general partner of ICONIQ III GP. ICONIQ Strategic Partners IV GP, L.P. ("ICONIQ IV GP") is the sole general partner of each of ICONIQ Strategic Partners IV, L.P. ("ICONIQ IV") and ICONIQ Strategic Partners IV-B, L.P. ("ICONIQ IV-B"). ICONIQ Strategic Partners IV TT GP, Ltd. ("ICONIQ IV Parent GP") is the sole general partner of ICONIQ IV GP. ICONIQ Strategic Partners V GP, L.P. ("ICONIQ V GP") is the sole general partner of each of ICONIQ Strategic Partners V, L.P. ("ICONIQ V") and ICONIQ Strategic Partners V-B, L.P. ("ICONIQ V-B"). ICONIQ Strategic Partners V TT GP, Ltd. ("ICONIQ V Parent GP") is the sole general partner of ICONIQ V GP.
- [F3](continued) ICONIQ Strategic Partners VI GP, L.P. ("ICONIQ VI GP") is the sole general partner of each of ICONIQ Strategic Partners VI, L.P. ("ICONIQ VI") and ICONIQ Strategic Partners VI-B, L.P. ("ICONIQ VI-B"). ICONIQ Strategic Partners VI TT GP, Ltd. ("ICONIQ VI Parent GP") is the sole general partner of ICONIQ VI GP. ICONIQ Capital Group GP, LLC ("ICONIQ Investment GP") is the general partner of ICONIQ Investment Holdings, LP ("ICONIQ Investment"). Divesh Makan ("Makan") is the sole member of ICONIQ Investment GP. Makan and William J.G. Griffith ("Griffith") are the sole equity holders of ICONIQ III Parent GP. Makan, Griffith and the Reporting Person are the sole equity holders of each of ICONIQ IV Parent GP, ICONIQ V Parent GP and ICONIQ VI Parent GP.
- [F4]The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F5]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $21.985 to $22.76. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
- [F6]The shares are held by the Reporting Person through a trust of which he is a trustee. The Reporting Person disclaims beneficial ownership of the shares held by such trust for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Signature
/s/ Matthew Jacobson|2026-03-23