---
title: "GitLab reports conversion of Class B shares to Class A by Executive Chair for tax planning"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286891528.md"
description: "GitLab's Executive Chair Sytse Sijbrandij converted all his Class B shares into Class A shares for personal tax planning on May 14, 2026. This conversion, which does not involve a purchase or sale, may reduce his voting power as Class B shares had 10 votes per share compared to one for Class A. Sijbrandij remains the largest individual Class A shareholder and continues as Executive Chair."
datetime: "2026-05-19T10:03:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286891528.md)
  - [en](https://longbridge.com/en/news/286891528.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286891528.md)
---

# GitLab reports conversion of Class B shares to Class A by Executive Chair for tax planning

**GitLab announced that Executive Chair Sytse Sijbrandij converted all his Class B shares into Class A shares for personal tax planning.**

**Key Highlights:**

-   Sijbrandij converted all Class B common stock to Class A on May 14, 2026; conversion not tied to a purchase or sale.
-   Class B carried 10 votes per share vs. one vote for Class A; conversion may reduce his per‑share voting power.
-   Conversion done for personal tax planning and not due to any disagreement with the company.
-   Sijbrandij entered a Rule 10b5-1 trading plan in Dec 2025 that executed a transaction on May 18, 2026; he remains Executive Chair and largest individual Class A shareholder.

Original SEC Filing: Gitlab Inc. \[ GTLB \] - 8-K - May. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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