Summary by Futu AI
Gitlab Inc has announced that the Sytse Sijbrandij Revocable Trust, associated with a Director, Officer, and 10% Stockholder of the company, is set to sell 56,000 common shares. The sale, valued at approximately $3,039,680, is scheduled for 05/15/2024. 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 361,000 shares, generating gross proceeds of $19,541,778.50. 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.