Summary by Moomoo AI
Sytse Sijbrandij, Executive Chair of Gitlab Inc., reported two gift transactions of Class A Common Stock. On 12/27/2024, Sijbrandij gifted 294,842 shares, reducing his indirect ownership through a trust to 68,645 shares. Subsequently, on 12/31/2024, he gifted the remaining 68,645 shares.Both transactions were reported as bona fide gifts with a price of $0 per share. Following these transactions, Sijbrandij's indirect beneficial ownership of Gitlab's Class A Common Stock through the trust was reduced to zero. The transactions occurred between 12/27/2024 and 12/31/2024, with a total of 363,487 shares disposed of as gifts.The filing indicates that these transactions are part of an ongoing process, suggesting potential further developments in Sijbrandij's stock ownership or position within the company. The motivation behind these substantial gifts and their potential impact on Gitlab's ownership structure or Sijbrandij's role remains undisclosed in the current report.
