Godfrey Sullivan, a director of GitLab Inc., filed a statement of changes in beneficial ownership on August 25, 2026, reporting the automatic conversion of 12,500 shares of Class B Common Stock into 12,500 shares of Class A Common Stock on August 21, 2026.

Key Highlights

  • Reporting person: Godfrey Sullivan, identified as a director of GitLab Inc. (NASDAQ:GTLB)
  • Transaction date: August 21, 2026, with the filing submitted August 25, 2026
  • Shares converted: 12,500 Class B Common Stock shares converted into 12,500 Class A Common Stock shares at a price of $0
  • Resulting ownership: Sullivan held 154,874 shares of Class A Common Stock following the transaction, held directly
  • Automatic conversion: The filing states the conversion occurred automatically pursuant to the issuer's charter, without any discretionary action by Sullivan
  • Post-transaction derivative position: Sullivan holds 0 shares of Class B Common Stock following the reported conversion

Automatic Class B to Class A Conversion by GitLab Director Sullivan

According to the filing, Godfrey Sullivan converted 12,500 shares of GitLab Inc.'s Class B Common Stock into an equal number of Class A Common Stock shares on August 21, 2026. The transaction was recorded under transaction code "C," indicating a conversion, and the price per share was listed as $0. The filing states explicitly that "this Form 4 is being filed solely to report the automatic conversion of the Issuer's Class B Common Stock into Class A Common Stock," and that "the conversion occurred automatically pursuant to the Issuer's Charter and did not involve any discretionary action by the reporting person."

GitLab Inc. is a software company whose Class B Common Stock carries conversion features described in the filing. Each Class B share is convertible into one Class A share at any time, and converts automatically upon specified conditions, including the passage of ten years from the date of the company's initial public offering, the death or disability of Sytse Sijbrandij, the outstanding Class B share count falling below 5% of total common stock, or a vote of two-thirds of Class B holders. Following the conversion, Sullivan's directly held Class A position stands at 154,874 shares, a figure the filing notes includes shares that have not yet vested.

The filing was signed by Thomas J. Lloyd as attorney-in-fact for Godfrey Sullivan. Sullivan's relationship to the issuer is listed solely as director, with no officer title indicated.

What Was Disclosed

The filing disclosed a director-level automatic conversion of 12,500 Class B shares into 12,500 Class A shares of GitLab Inc. on August 21, 2026, with no cash consideration, resulting in a total direct beneficial ownership of 154,874 Class A shares.