Sivaprasad Padisetty, chief technology officer of GitLab Inc. ($GTLB), sold 51,915 shares across three open-market transactions on September 28, 2026. The total was $2,376,546.15. The largest block was 33,095 shares at $46.05 per share, or $1,524,024.75. A Form 4 filed the same day showed the trades and left Padisetty with 383,131 shares after that first sale.
A second line item showed 12,900 shares sold at $44.83 for $578,307. A third showed 5,920 shares sold at $46.32 for $274,214.40. After all three sales, his reported holdings stood at 377,211 shares. The sale prices ranged from $44.83 to $46.32 per share.
GitLab, a technology company, had a market capitalization of about $8.17 billion. The CTO's reported sale represented a small fraction of that total. $GTLB shares closed at $48.62 on September 24 and $46.85 on September 25, the most recent session on file before the reported trades.
The database showed no earlier Form 4 transactions on file for Padisetty. The three September 28 sales were the only $GTLB records tied to his SEC filing number.
GitLab insiders have been active in 2026 outside this filing. Sijbrandij Sytse reported open-market sales in January, February, April, and May. The January 14 disclosures included sales of $1,586,326.65 and $366,157.93. The May 18 filings included a $2,627,821.44 sale and a smaller $259,979.28 sale. Matthew Jacobson reported a series of open-market sales in March across multiple line items. Susan L Bostrom reported two sales on March 27 totaling $661,700. William Staples reported two open-market purchases on March 31 totaling $128,342.35.
Congressional STOCK Act disclosures for $GTLB were smaller in dollar terms than the CTO's sale. Representative Rob Bresnahan (Republican) disclosed a sale of about $1,001 on June 11, 2025, filing 27 days after the trade. Representative Ro Khanna disclosed a sale of about $15,001 in July 2024, filed 15 days later, and a purchase of about $1,001 in June 2024, filed 18 days later. Representative Daniel Goldman disclosed a sale of about $1,001 in April 2023, filed 39 days later. Congressional figures are midpoint estimates of disclosed bracketed ranges.
The September 28 Form 4 carried the same date as the transactions, leaving no gap between the trade date and the filing date.