GitLab director's trust sells 2.12M shares
The reported trust sales were carried out under a Rule 10b5-1 trading plan entered into on June 25, 2026.
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Rhea-AI Filing Summary
GitLab Inc. director Sytse Sijbrandij reported that the Sytse Sijbrandij Revocable Trust sold 2,116,200 shares of Class A common stock in seven transactions on September 24, 25 and 28, 2026. The sales were executed under a Rule 10b5-1 trading plan entered into by Sijbrandij, as sole trustee, on June 25, 2026.
Insights
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F7, F3 | 90,995 | $44.83 | $4.08M |
| Sale | Class A Common Stock F1, F8, F3 | 295,460 | $46.08 | $13.61M |
| Sale | Class A Common Stock F1, F9, F3 | 43,545 | $46.31 | $2.02M |
| Sale | Class A Common Stock F1, F5, F3 | 281,121 | $47.25 | $13.28M |
| Sale | Class A Common Stock F1, F6, F3 | 424,369 | $48.08 | $20.40M |
| Sale | Class A Common Stock F1, F2, F3 | 842,084 | $48.55 | $40.88M |
| Sale | Class A Common Stock F1, F4, F3 | 138,626 | $49.12 | $6.81M |
Footnotes (9)
- F1. This transaction was executed pursuant to a trading plan entered into by the reporting person, as the sole trustee of the Sytse Sijbrandij Revocable Trust dated February 21, 2019, on June 25, 2026 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.02 to $49.015, inclusive. The Reporting Person undertakes to provide to GitLab Inc., any security holder of GitLab Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote 2, footnote 4, footnote 5, footnote 6, footnote 7, footnote 8, and footnote 9.
- F3. These securities are held by the Sytse Sijbrandij Revocable Trust dated February 21, 2019, of which the Reporting Person is the sole trustee.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.02 to $49.21, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.81 to $47.805, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.81 to $48.61, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.26 to $45.23, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.26 to $46.255, inclusive.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.26 to $46.43, inclusive.
Key Figures
Key Terms
Rule 10b5-1 regulatory
weighted average price financial
Revocable Trust technical
sole trustee technical
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