Summary by Moomoo AI
Gitlab Inc Class A has announced that the Sytse Sijbrandij Revocable Trust, associated with Gitlab as a Director, Officer, and 10% Stockholder, is set to sell 140,000 common shares. The planned sale, with an aggregate market value of approximately $8,381,800, is scheduled for 11/18/2024. These shares were originally acquired as founders shares directly from the issuer on 08/28/2015. Over the past three months, the trust has sold a total of 112,000 shares, generating gross proceeds of $6,049,948.80. The notice for the upcoming sale was filed on the same date as the planned sale, with the instruction for the sale having been adopted on 12/26/2023.