[144] Neurocrine Biosciences Inc SEC Filing

Rhea-AI Filing Summary

GitLab Inc. (NASDAQ: GTLB) has filed a Form 144 disclosing the proposed sale of 1,214 shares of its Class A common stock under Rule 144. The shares, valued at roughly $55,249, account for less than 0.001 % of the company’s approximately 146.1 million shares outstanding, making the transaction immaterial to GitLab’s overall float and market liquidity.

The seller acquired the stock as restricted stock units (RSUs) on 27 June 2025 and intends to execute the sale through Morgan Stanley Smith Barney LLC on or after 2 July 2025. No additional sales by this filer have occurred in the past three months. The notice states that the filer is unaware of any non-public adverse information, suggesting this is a routine liquidity event rather than a signal of strategic change.

Positive

• Transparent disclosure: Timely Form 144 filing signals strong compliance with SEC rules.
• Immaterial size: The 1,214-share sale is less than 0.001 % of total outstanding shares, limiting market impact.

Negative

• Insider selling: Even routine, insider sales can be perceived negatively by some investors.
• Immediate post-vesting sale: Shares are being sold shortly after RSUs vested, suggesting no long-term holding intent.

Insights

Securities Analyst

TL;DR: Very small insider sale; transaction is immaterial to GitLab’s share count and valuation.

The sale of 1,214 shares, worth about $55k, represents roughly 0.0008 % of shares outstanding—far below any threshold that would typically influence price or sentiment. Such filings are common when RSUs vest and insiders seek liquidity. With no pattern of larger disposals and no adverse disclosures, I view the impact as neutral for investors. Market reaction, if any, should be minimal.

Corporate Governance Expert

TL;DR: Routine Rule 144 filing; reflects good compliance, not a governance red flag.

The timely filing demonstrates adherence to SEC requirements and transparency. The filer expressly attests to possessing no undisclosed negative information, satisfying Rule 10b5-1 safeguards. Because the volume is negligible and no past-quarter sales were reported, I do not view this as a governance concern. Investors should monitor future filings for patterns but need not adjust their thesis based on this single event.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	80181	10263168.00	98965820	07/02/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/02/2025	Exercise of Stock Options	Issuer			80181	07/02/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many GitLab (GTLB) shares are being sold under the Form 144 filing?

1,214 shares of Class A common stock are proposed for sale.

What percentage of GitLab’s shares outstanding does 1,214 shares represent?

Approximately 0.0008 % of the 146.1 million shares outstanding.

When is the planned sale date for the GTLB shares?

On or after 2 July 2025.

How were the shares acquired by the insider?

They were received as restricted stock units (RSUs) on 27 June 2025.

Which broker will execute the sale?

The shares will be sold through Morgan Stanley Smith Barney LLC.

Is the planned sale material to GitLab investors?

No; the sale is immaterial, representing less than 0.001 % of total shares outstanding.