Director Sijbrandij sells 116,200 GTLB shares for $2.9M under 10b5-1 plan; retains 15.02M shares post-sale
Sijbrandij executed 2 separate sales totaling 116,200 shares for $2,887,800.72 on 2026-05-18 under a pre-arranged 10b5-1 trading plan, reducing his holdings from 15.13M to 15.02M shares (a -0.8% reduction). The blended average sale price was $24.85, compared to the current price of $25.09. GTLB is trading -53.6% from its 52-week high of $54.08 and has delivered a 30-day return of +17.1%, though the company remains unprofitable with annual net income of $-8.3M against quarterly revenue of $244.4M. Because this transaction is part of a pre-arranged 10b5-1 plan, it reflects a scheduled execution rather than a discretionary market decision. His prior 5 trades at GTLB have shown mixed post-transaction returns, with outcomes ranging from -21.6% (30-day) to +13.9% (30-day), indicating no consistent directional pattern specific to this ticker.