GitLab's Sytse Sijbrandij Converts All Class B Shares to Class A
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
0mins
GitLab disclosed that Sytse Sijbrandij converted all of his GitLab class B common stock into class A common stock on May 14. The conversion was not made in connection with a purchase or sale of GitLab stock. Each share of the company's class B common stock entitles its holder to cast 10 votes per share, compared to one vote per share for the class A common stock. "The conversion was undertaken by Mr. Sijbrandij for personal tax planning matters and was not the result of any disagreement with the Company," GitLab added.
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Analyst Views on GTLB
Wall Street analysts forecast GTLB stock price to rise
24 Analyst Rating
13 Buy
10 Hold
1 Sell
Moderate Buy
Current: 31.050
Low
34.00
Averages
50.86
High
72.00
Current: 31.050
Low
34.00
Averages
50.86
High
72.00
About GTLB
GitLab Inc. provides DevSecOps Platform, is built on a single codebase, unified data model, and user interface. The Company offers customers flexible deployment options, including a self-managed offering, as well as multi-tenant and single-tenant (GitLab Dedicated) software-as-a-service (SaaS) solutions. It offers the DevSecOps Platform in three different subscription tiers, namely Free, Premium and Ultimate. The DevSecOps Platform enables its customers to move their DevOps workflow across any hybrid or multi-cloud environment. Its subscription plans are available as a self-managed offering that customers download to run in their own on-premises environment or hybrid cloud environments, and also a SaaS offering, which is offered as either multi-tenant or single-tenant (called GitLab Dedicated). The Company also provides related training and professional services. Its SaaS products provide access to hosted software as well as support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sector-Wide Rally: This surge coincided with stronger earnings updates across the software sector, alleviating investor concerns about AI potentially pressuring traditional software vendors, thereby boosting overall market sentiment.
- Recognition of AI Integration Strategy: Investors showed encouragement towards ServiceNow's AI integration strategy and customer feedback on its hybrid pricing model, which not only enhances the company's competitive position but also has the potential to drive future revenue growth.
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- Reliability Issues: GitHub has faced over a dozen outages recently, affecting major companies like Cisco, which raises concerns about its reliability and could lead to customer attrition, negatively impacting Microsoft's market share.
- Frequent Executive Turnover: GitHub's former CEO Thomas Dohmke resigned in August last year, and the lack of a successor has created instability in leadership, potentially affecting the company's strategic direction and execution, increasing market concerns about its future.
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- Intensifying Competition: With the rise of new tools like Cursor and Claude Code, GitHub Copilot's competitiveness in the AI coding market has diminished, and despite Nadella's claims of unprecedented growth, market share is being gradually eroded by competitors.
- Leadership Turmoil: Frequent changes in GitHub's executive team have led to strategic ambiguity, as the departure of former CEO Dohmke and the absence of new leadership hinder the company's ability to maintain a competitive edge in a rapidly evolving market.
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- CI Pipeline Visibility Enhancement: The new version enhances CI pipeline visibility, allowing development teams to monitor and manage the build process more clearly, thereby increasing project transparency and responsiveness.
- Support for Self-Hosted Open Source Model: GitLab 19.0 strengthens support for self-hosted open-source models, enabling enterprises to maintain full control over their development environments while ensuring flexibility, further driving adoption among enterprise users.
See More
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- Comprehensive Developer Flow: GitLab 19.0 extends the developer flow across the entire merge request lifecycle, introducing features like the 'Resolve with Duo' button and one-click rebase-and-merge, aimed at improving team efficiency in handling code reviews and conflict resolution, ultimately accelerating product delivery.
- Components Analytics Visibility: The new Components Analytics feature provides platform engineering teams with visibility into which CI/CD catalog components and versions are in use, ensuring teams can quickly access and act on data within a unified platform, thereby enhancing cross-team collaboration efficiency.
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