Form 4: Gitlab CTO Sells Shares
Insider Transaction (Form 4)
Sivaprasad Padisetty, Chief Technology Officer of Gitlab Inc., sold 51,915 shares of common stock on September 28, 2026.
Summary
- Open-market sale: disposed of 12,900 Class A Common Stock at $44.83 ($578,307) on September 28, 2026; holds 416,226 after (Direct).
- Open-market sale: disposed of 33,095 Class A Common Stock at $46.05 ($1,524,025) on September 28, 2026; holds 383,131 after (Direct).
- Open-market sale: disposed of 5,920 Class A Common Stock at $46.32 ($274,214) on September 28, 2026; holds 377,211 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $2,376,546 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Sivaprasad Padisetty — Officer (Chief Technology Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-28 | Open-market sale | Class A Common Stock | 12,900 | $45 | $578.3K | 416,226 |
| 2026-09-28 | Open-market sale | Class A Common Stock | 33,095 | $46 | $1.5M | 383,131 |
| 2026-09-28 | Open-market sale | Class A Common Stock | 5,920 | $46 | $274.2K | 377,211 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-28 | Open-market sale (12,900 shares) |
| 2026-09-28 | Open-market sale (33,095 shares) |
| 2026-09-28 | Open-market sale (5,920 shares) |
Keywords
insider transaction, Form 4, GTLB, Gitlab Inc., bearish, Sivaprasad Padisetty
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