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monday.com | 144: Notice of proposed sale of securities pursuant to Rule 144

SEC announcement ·  Feb 21 05:33
Summary by Futu AI
Insight Venture Partners IX, L.P., a major shareholder with a 10% stake in Monday.Com Ltd., is set to sell 540,992 ordinary shares of the company. The sale, scheduled for 02/20/2024, is expected to have an aggregate market value of approximately $121.7 million. These shares were originally acquired on 03/21/2017 through a stock conversion before the company's IPO, from Monday.com Ltd. itself. Over the past three months, Insight Venture Partners IX, L.P. has sold a total of 2,848,524 ordinary shares, generating gross proceeds of over $513.4 million.
Insight Venture Partners IX, L.P., a major shareholder with a 10% stake in Monday.Com Ltd., is set to sell 540,992 ordinary shares of the company. The sale, scheduled for 02/20/2024, is expected to have an aggregate market value of approximately $121.7 million. These shares were originally acquired on 03/21/2017 through a stock conversion before the company's IPO, from Monday.com Ltd. itself. Over the past three months, Insight Venture Partners IX, L.P. has sold a total of 2,848,524 ordinary shares, generating gross proceeds of over $513.4 million.
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