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CRWD Insider Roxanne Austin Cashes Out 15k Shares Worth $7.5 M

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

CrowdStrike (NASDAQ:CRWD) filed a Form 4 disclosing that director Roxanne S. Austin exercised 15,000 stock options at $11.13 and immediately sold the same 15,000 Class A shares on 06/25/2025 at $495-$500, realizing roughly $7.47 million in gross proceeds. Her beneficial ownership remains 18,858 shares (includes unvested RSUs). The options, granted in 2018, were fully vested; the filing does not specify use of a Rule 10b5-1 plan. No other insiders participated. Investors may view the sizable sale—about 44% of her pre-event holdings—as a potential near-term supply signal.

Positive

  • None.

Negative

  • Director Roxanne S. Austin sold 15,000 shares for approximately $7.47 million, representing about 44% of her prior holdings and exceeding the $1 M materiality threshold.

Insights

TL;DR: Director sells $7.5 M; signals possible negative sentiment.

The transaction converts low-cost 2018 options into cash at ~$498/share, then liquidates the entire lot, leaving Austin’s equity stake flat at 18,858 shares. Cashing out 44% of prior holdings exceeds common liquidity thresholds and was not flagged as a 10b5-1 trade, so timing appears discretionary. While option exercises are routine, immediate disposal at peak prices can be interpreted as reduced insider confidence or portfolio diversification. With only 18.9 k shares left, Austin’s future alignment is lower. Given the $7.47 M sale and diminished skin-in-the-game, I view the filing as modestly bearish.

TL;DR: Large sale but net ownership unchanged; neutral to mildly negative.

The exercise-and-sell combo is tax-efficient and eliminates 60 k dilutive options, a marginal positive for share count. However, the market cares more about cash-out size. At ~3 × FY25 consensus EPS, $7.5 M isn’t company-level material but could pressure sentiment if other insiders follow. Austin still holds unvested RSUs, providing ongoing incentive. Absent further insider selling or operational news, I treat this as short-term noise rather than a thesis-changer.

Insider AUSTIN ROXANNE S
Role Director
Sold 15,000 shs ($7.46M)
Type Security Shares Price Value
Exercise Stock Options (Right to Buy) 15,000 $0.00 --
Exercise Class A common stock 15,000 $0.00 --
Sale Class A common stock 5,000 $495.00 $2.48M
Sale Class A common stock 5,000 $498.00 $2.49M
Sale Class A common stock 5,000 $500.00 $2.50M
Holdings After Transaction: Stock Options (Right to Buy) — 60,000 shares (Direct); Class A common stock — 33,858 shares (Direct)
Footnotes (1)
  1. Includes shares to be issued in connection with the vesting of one or more RSUs. These stock options were granted on October 9, 2018, and vested in 40 equal monthly installments beginning on October 26, 2018.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
AUSTIN ROXANNE S
(Last) (First) (Middle)
C/O CROWDSTRIKE HOLDINGS, INC.
206 E. 9TH ST., STE. 1400
(Street)
AUSTIN TX 78701
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CrowdStrike Holdings, Inc. [ CRWD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A common stock 06/25/2025 M 15,000 A $0 33,858(1) D
Class A common stock 06/25/2025 S 5,000 D $495 28,858(1) D
Class A common stock 06/25/2025 S 5,000 D $498 23,858(1) D
Class A common stock 06/25/2025 S 5,000 D $500 18,858(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $11.13 06/25/2025 M 15,000 (2) 10/09/2028 Class A common stock 15,000 $0 60,000 D
Explanation of Responses:
1. Includes shares to be issued in connection with the vesting of one or more RSUs.
2. These stock options were granted on October 9, 2018, and vested in 40 equal monthly installments beginning on October 26, 2018.
/s/ Remie Solano, Attorney-in-Fact 06/27/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many CrowdStrike shares did director Roxanne Austin sell on 06/25/2025?

She sold 15,000 Class A shares.

What was the average sale price of the CRWD shares sold?

Shares were sold at $495, $498 and $500, averaging roughly $498 per share.

How much cash did the director receive from the sale of CRWD stock?

Gross proceeds were about $7.47 million (15,000 × ~$498).

How many CrowdStrike shares does Roxanne Austin still own after the transactions?

She continues to beneficially own 18,858 shares, including unvested RSUs.

Were the sales made under a Rule 10b5-1 trading plan?

The Form 4 does not indicate that the transactions were executed pursuant to a Rule 10b5-1 plan.