Summary by Moomoo AI
Insight Venture Partners (Delaware) IX, L.P., a major stockholder with a 10% stake in Monday.Com Ltd., is set to sell 11,742 ordinary shares of the company. The sale, scheduled for 02/14/2024, is expected to yield an aggregate market value of approximately $2,524,530. The shares were originally acquired on 03/21/2017 through a stock conversion prior to Monday.com's IPO, with the securities wired to the portfolio company. Over the past three months, Insight Venture Partners has sold a total of 3,073,524 shares, generating gross proceeds of over $537 million.