CRWD Insider Filing Shows Tax-Related Share Sale by Founder George Kurtz

Rhea-AI Filing Summary

CrowdStrike (NASDAQ: CRWD) filed a Form 4 showing CEO/President George Kurtz sold 17,525 Class A shares on 06/23/2025 at prices ranging $462.50–$492.95, realizing roughly $8.5 million.

The sale, described as covering tax withholding from recently vested RSUs, reduced Kurtz’s direct stake by about 0.8%. He now holds 2,175,154 shares directly and 100,000 shares indirectly via the Kurtz Family Dynasty Trust. No derivative transactions or 10b5-1 trading plan were disclosed.

Positive

• None.

Negative

• CEO sold 17,525 shares (~$8.5 M), reducing direct holdings by 0.8% and potentially signaling weaker short-term insider conviction.

Insights

Corporate Governance Specialist

TL;DR: Tax-driven sale, governance risk low

The transaction is explicitly linked to RSU tax withholding and trims less than 1% of the CEO’s position, leaving a sizeable 2.28 million-share stake. Because it is not part of a 10b5-1 plan, timing may draw scrutiny, yet the proportional reduction is small and consistent with routine liquidity management after vesting. There are no accompanying board changes or unusual footnotes that raise red flags. I view the governance impact as limited; investors should continue monitoring future filings for any acceleration in insider selling cadence.

Portfolio Manager

TL;DR: $8.5 M disposal dents sentiment

Although framed as tax-related, an $8.5 million sale by the founder-CEO can pressure near-term sentiment, particularly with no offsetting insider buys. The value exceeds the $1 million materiality threshold and arrives shortly after record highs, suggesting opportunistic timing. While remaining ownership is still robust, the action marginally reduces alignment and could spark questions on valuation ceiling. I assign a modestly negative bias but note the sale’s sub-1% scale limits fundamental impact.

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^*

Kurtz George

(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
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		S		100	D	$462.5	2,192,579(1)	D
Class A common stock	06/23/2025		S		100	D	$465.29	2,192,479(2)	D
Class A common stock	06/23/2025		S		9,109	D	$471.2(3)	2,183,370(2)	D
Class A common stock	06/23/2025		S		200	D	$473.28(4)	2,183,170(2)	D
Class A common stock	06/23/2025		S		300	D	$474.34(5)	2,182,870(2)	D
Class A common stock	06/23/2025		S		200	D	$475.63(6)	2,182,670(2)	D
Class A common stock	06/23/2025		S		400	D	$477.04(7)	2,182,270(2)	D
Class A common stock	06/23/2025		S		300	D	$478.05(8)	2,181,970(2)	D
Class A common stock	06/23/2025		S		500	D	$479.59(9)	2,181,470(2)	D
Class A common stock	06/23/2025		S		400	D	$480.54(10)	2,181,070(2)	D
Class A common stock	06/23/2025		S		700	D	$481.97(11)	2,180,370(2)	D
Class A common stock	06/23/2025		S		600	D	$483.25(12)	2,179,770(2)	D
Class A common stock	06/23/2025		S		700	D	$484.63(13)	2,179,070(2)	D
Class A common stock	06/23/2025		S		200	D	$485.94(14)	2,178,870(2)	D
Class A common stock	06/23/2025		S		600	D	$488.22(15)	2,178,270(2)	D
Class A common stock	06/23/2025		S		300	D	$488.84(16)	2,177,970(2)	D
Class A common stock	06/23/2025		S		900	D	$490.22(17)	2,177,070(2)	D
Class A common stock	06/23/2025		S		680	D	$491.26(18)	2,176,390(2)	D
Class A common stock	06/23/2025		S		1,136	D	$492.18(19)	2,175,254(2)	D
Class A common stock	06/23/2025		S		100	D	$492.95	2,175,154(2)	D
Class A common stock								100,000	I	Kurtz Family Dynasty Trust(20)

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

Explanation of Responses:

1. Includes shares to be issued in connection with the vesting of one or more restricted stock units (RSUs) and includes 69 shares of Class A common stock acquired on June 10, 2025, under the CrowdStrike Holdings, Inc. 2019 Employee Stock Purchase Plan.

2. Includes shares to be issued in connection with the vesting of one or more restricted stock units (RSUs).

3. This transaction was executed in multiple trades at prices ranging from $470.27 to $471.23. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades at prices ranging from $472.82 to $473.74. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

5. This transaction was executed in multiple trades at prices ranging from $473.91 to $474.56. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

6. This transaction was executed in multiple trades at prices ranging from $475.15 to $476.11. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

7. This transaction was executed in multiple trades at prices ranging from $476.60 to $477.33. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

8. This transaction was executed in multiple trades at prices ranging from $477.70 to $478.48. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

9. This transaction was executed in multiple trades at prices ranging from $479.18 to $479.97. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

10. This transaction was executed in multiple trades at prices ranging from $480.28 to $480.99. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

11. This transaction was executed in multiple trades at prices ranging from $481.67 to $482.50. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

12. This transaction was executed in multiple trades at prices ranging from $482.95 to $483.69. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

13. This transaction was executed in multiple trades at prices ranging from $484.03 to $484.96. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

14. This transaction was executed in multiple trades at prices ranging from $485.45 to $486.42. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

15. This transaction was executed in multiple trades at prices ranging from $487.61 to $488.60. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

16. This transaction was executed in multiple trades at prices ranging from $488.63 to $489.19. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

17. This transaction was executed in multiple trades at prices ranging from $489.67 to $490.58. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

18. This transaction was executed in multiple trades at prices ranging from $490.80 to $491.73. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

19. This transaction was executed in multiple trades at prices ranging from $491.83 to $492.82. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

20. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in such shares.

Remarks:

All reported sales were made to cover tax withholdings due on vesting of restricted stock unit awards, as required under the Issuer's administrative policies.

	/s/ Remie Solano, Attorney-in-Fact	06/25/2025
	** 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.

FAQ

How many CRWD shares did CEO George Kurtz sell on 06/23/2025?

The Form 4 reports sales of 17,525 Class A shares.

What was the total value of the CEO's share sale?

Based on reported prices, gross proceeds were approximately $8.5 million.

What percentage of his direct holdings did the sale represent?

About 0.8% of Kurtz’s direct stake was sold.

How many CrowdStrike shares does George Kurtz still own after the sale?

He owns 2,175,154 shares directly and 100,000 indirectly via a family trust.

Why were the CRWD shares sold according to the filing?

The filing states the shares were sold to cover tax withholding obligations related to RSU vesting.