Gitlab (GTLB) said in a Tuesday regulatory filing that the board's executive chair Sytse Sijbrandij converted all of his class B common stock holdings into class A shares on May 14.

Each class B share entitles the holder to cast 10 votes per share compared with a single vote per share for the class A stock, according to the filing.

The conversion was executed for Sijbrandij's personal tax planning matters, according to the company.

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