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Gitlab Inc. — Major Shareholding Notification 2022
Feb 14, 2022
30752_mrq_2022-02-14_b582b025-4d1f-4adb-b26f-d3fdfbce6cf1.zip
Major Shareholding Notification
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SC 13G 1 p22-0818sc13g.htm GITLAB INC.
| SECURITIES AND EXCHANGE COMMISSION | |
|---|---|
| Washington, D.C. 20549 | |
| SCHEDULE 13G | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No.)* | |
| Gitlab Inc. | |
| (Name of Issuer) | |
| Class A Common Stock, | |
| $0.0000025 par value | |
| (Title of Class of Securities) | |
| 37637K108 | |
| (CUSIP Number) | |
| December 31, 2021 | |
| (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) |
| (Page 1 of 8 Pages) |
*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 the disclosures provided in a prior cover page.
The information required in 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).
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CUSIP No. 37637K108 13G Page 2 of 8 Pages
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| 1 | NAME OF REPORTING PERSON D1 Capital Partners L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ¨ |
| 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 |
| 6 | SHARED VOTING POWER 1,147,992 shares of Class A Common Stock issuable upon conversion of shares of Class | |
| B Common Stock | ||
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 1,147,992 shares of Class A Common Stock issuable upon conversion of shares of Class | |
| B Common Stock | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,147,992 shares of Class A Common Stock issuable upon conversion of shares of Class | |
| B Common Stock | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.4% | |
| 12 | TYPE OF REPORTING PERSON PN, IA |
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CUSIP No. 37637K108 13G Page 3 of 8 Pages
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| 1 | NAME OF REPORTING PERSON Daniel Sundheim | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ¨ |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 1,147,992 shares of Class A Common Stock issuable upon conversion of shares of Class | |
| B Common Stock | ||
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 1,147,992 shares of Class A Common Stock issuable upon conversion of shares of Class | |
| B Common Stock | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,147,992 shares of Class A Common Stock issuable upon conversion of shares of Class | |
| B Common Stock | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.4% | |
| 12 | TYPE OF REPORTING PERSON IN, HC |
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CUSIP No. 37637K108 13G Page 4 of 8 Pages
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| Item 1(a). |
|---|
| Gitlab Inc. (the " Issuer ") |
| Item 1(b). |
|---|
| 268 Bush Street, #350 San Francisco, CA 94104 |
| Item 2(a). |
| --- |
| This statement is filed by D1 Capital Partners L.P. (the " Investment Manager ") and Daniel Sundheim (the " Mr. Sundheim "). The foregoing persons are hereinafter sometimes referred to as the " Reporting Persons ." |
| The Investment Manager is a
registered investment adviser and serves as the investment manager of private investment vehicles and accounts, including D1 Capital
Partners Master LP (the " Investment Vehicle "), and may be deemed to beneficially own the shares of Class A Common
Stock issuable upon conversion of the shares of Class B Common Stock held by the Investment Vehicle and/or its subsidiary. Mr.
Sundheim indirectly controls the Investment Manager and may be deemed to beneficially own the shares of Class A Common Stock
issuable upon conversion of the shares of Class B Common Stock held by the Investment Vehicle and/or its subsidiary. |
| The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, the beneficial owner of the securities reported herein. |
| Item 2(b). |
|---|
| D1 Capital Partners L.P. 9 West 57 th Street, 36 th Floor New York, New York 10019 |
| Daniel Sundheim c/o D1 Capital Partners L.P. 9 West 57 th Street, 36 th Floor New York, New York 10019 |
| Item 2(c). |
|---|
| Investment Manager – Delaware Mr. Sundheim – United States of America |
| Item 2(d). |
|---|
| Class A common stock, $0.0000025 par value (the " Class A Common Stock ") |
| Item 2(e). |
|---|
| 37637K108 |
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CUSIP No. 37637K108 13G Page 5 of 8 Pages
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ITEM 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the Person Filing is a:
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
|---|---|---|
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| (e) | ¨ | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance |
| with § 240.13d-1(b)(1)(ii)(F); | ||
| (g) | ¨ | A parent holding company or control person in accordance |
| with §240.13d-1(b)(1)(ii)(G); | ||
| (h) | ¨ | A savings association as defined in Section 3(b) of the Federal Deposit |
| Insurance Act (12 U.S.C.1813); | ||
| (i) | ¨ | A church plan that is excluded from the definition of an investment company |
| under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||
| (j) | ¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
| (k) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ___
| Item 4. |
|---|
| The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. |
| The percentages set forth herein are calculated based upon 12,600,000 shares of Class A Common Stock outstanding as of November 29, 2021 as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2021, filed with the Securities and Exchange Commission on December 7, 2021. |
| Item 5. |
|---|
| Not applicable. |
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CUSIP No. 37637K108 13G Page 6 of 8 Pages
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| Item 6. |
|---|
| The Investment Vehicle (and/or its subsidiary) has the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the shares of Class A Common Stock reported herein. |
| Item 7. |
|---|
| Not applicable. |
| Item 8. |
|---|
| Not applicable. |
| Item 9. |
|---|
| Not applicable. |
| Item 10. |
|---|
| Not applicable. |
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CUSIP No. 37637K108 13G Page 7 of 8 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Date: February 14, 2022 | |
|---|---|
| D1 Capital Partners L.P. | |
| By: | /s/ Amanda Hector |
| Name: | Amanda Hector |
| Title: | General Counsel and Chief Compliance Officer |
| /s/ Daniel Sundheim | |
| DANIEL SUNDHEIM |
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CUSIP No. 37637K108 13G Page 8 of 8 Pages
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Exhibit A
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
| Date: February 14, 2022 | |
|---|---|
| D1 Capital Partners L.P. | |
| By: | /s/ Amanda Hector |
| Name: | Amanda Hector |
| Title: | General Counsel and Chief Compliance Officer |
| /s/ Daniel Sundheim | |
| DANIEL SUNDHEIM |