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 140,000 common shares. The sale, scheduled for 09/16/2024, is valued at approximately $7,628,600. These shares were originally acquired by the trust on 08/28/2015 as founders shares directly from the issuer. Over the past three months, the trust has sold a total of 168,000 shares, generating gross proceeds of $7,574,327.60. 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.