Summary by Futu 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 56,000 common shares on 08/14/2024. The shares, originally acquired as founders shares on 08/28/2015 directly from the issuer, are expected to be sold at an aggregate market value of $2,470,720. This planned transaction follows a pattern of sales over the past three months, where a total of 168,000 shares were sold for gross proceeds of approximately $8.33 million. The notice of 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.