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 252,000 common shares. The sale, with an aggregate market value of approximately $15.1 million, is scheduled for 11/19/2024. 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 196,776 shares, generating total gross proceeds of nearly $11.1 million. The notice for the upcoming sale was filed on the same date as the planned sale, 11/19/2024, with the sale plan having been adopted on 12/26/2023.