Summary by Moomoo AI
Gitlab Inc has announced that the Sytse Sijbrandij Revocable Trust, associated with Gitlab as a Director, Officer, and 10% Stockholder, is set to sell 84,000 common shares on April 15, 2024. The shares, originally acquired as founders shares from the issuer on August 28, 2015, have an aggregate market value of approximately $4,793,880. This planned sale follows a series of transactions over the past three months, where a total of 1,065,000 shares were sold for gross proceeds of $68,289,499.