Summary by Moomoo AI
Insight Venture Partners (Cayman) IX, L.P., a 10% stockholder in Monday.Com Ltd., is set to sell 268,819 ordinary shares of the company. The sale, with an aggregate market value of approximately $60,484,275, is scheduled for 02/20/2024. These shares were originally acquired on 03/21/2017 through a stock conversion before the company's IPO, from Monday.com Ltd. itself. The transaction is part of a series of sales by Insight Venture Partners over the past three months, which totaled 2,848,524 shares for gross proceeds of over $513 million.