Gitlab director Sytse Sijbrandij sells $6.19 million in stock

Gitlab Inc. (GTLB) reported significant stock sales by its director, Sytse Sijbrandij, on October 19, 2026. Sijbrandij sold approximately $6.19 million worth of Class A common stock, equivalent to 116,200 shares. The transactions comprised two batches, with prices ranging from $52.41 to $53.71 per share. The first batch of 73,459 shares was sold at an average price of $53.13, while the second batch of 42,741 shares was sold at an average price of $53.52.

This stock sale occurred within a Rule 10b5-1 trading plan established on June 25, 2026. Following these sales, Sijbrandij, via the Sytse Sijbrandij Revocable Trust, retained 12,669,651 shares of Gitlab Class A common stock. Gitlab's market capitalization currently stands at $9.24 billion. Analysts have noted Gitlab is overvalued at current levels.

Gitlab's recent strong performance includes a 148% surge over the past six months, surpassing expectations in its second-quarter results, and receiving positive ratings from various analysts.