According to a document disclosed by the U.S. Securities and Exchange Commission (SEC), Sytse Sijbrandij, co-founder of GitLab, Inc., converted all his Class B common shares into Class A common shares on May 14, 2026.

The conversion of share class this time means that the super voting rights attached to the relevant shares have been stripped. In GitLab’s shareholding structure, Class B shares usually carry 10 votes per share, while Class A shares correspond to only 1 vote per share. This change will directly affect the company’s distribution of voting rights. As a key figure in the company, the adjustment of Sijbrandij’s share class may indicate considerations related to personal financial planning or corporate governance. Market analysts point out that such conversions are sometimes preparations by shareholders for potential future stock sales, as it increases the liquidity of the shares and makes them more aligned with the main types of securities traded on the public market. According to the document, this conversion was carried out based on the provisions of the conversion clause in GitLab’s certificate of incorporation. After the conversion is completed, Sijbrandij will continue to hold the same number of common shares of the company, but the class of shares and their associated shareholder rights have fundamentally changed.