CrowdStrike insider report: 31 RSUs converted for Director Davis Cary

Rhea-AI Filing Summary

CrowdStrike director Davis Cary received 31 shares of Class A common stock on 09/19/2025 when fully vested restricted stock units (RSUs) issued in lieu of a quarterly cash retainer converted immediately into shares. The reported transaction shows a $0 price per share because these shares resulted from the conversion of compensation RSUs rather than an open-market purchase. After the transaction, Mr. Cary beneficially owned 21,576 shares, a figure that the filing notes includes additional shares to be issued upon vesting of one or more RSUs. The Form 4 was signed by attorney-in-fact Remie Solano on 09/23/2025.

Insights

Financial Analyst

TL;DR: Routine insider compensation converted to stock; small incremental ownership change with no cash outlay.

The filing documents a routine equity compensation event where 31 fully vested RSUs converted into Class A shares at a $0 price because they were issued in lieu of a cash retainer. This is a non-market transaction reflecting director pay, not an active buy or sell decision. The post-transaction beneficial ownership of 21,576 shares includes additional RSUs pending vesting, indicating ongoing compensation arrangements rather than a change in strategic ownership. Material impact on ownership or capitalization is negligible based on the disclosed quantities.

Corporate Governance Expert

TL;DR: Typical director compensation disclosure; aligns director and shareholder interests through equity-based pay.

The Form 4 indicates the issuer uses RSUs to compensate outside directors, converting those units into Class A common shares upon vesting. This practice aligns executive/director incentives with shareholder outcomes and is a common governance mechanism. The conversion of 31 RSUs is administrative and routine; the inclusion of additional shares to be issued upon vesting suggests an ongoing equity compensation policy for non-employee directors.

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

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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^*

DAVIS CARY

(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)
09/19/2025

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	09/19/2025		A		31(1)	A	$0	21,576(2)	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

Explanation of Responses:

1. The shares represent fully vested restricted stock units (RSUs) issued in lieu of quarterly cash retainer(s) payable under the issuer's Outsider Director Compensation Policy. The RSUs immediately converted into shares of the issuer's Class A Common Stock.

2. Includes shares to be issued in connection with the vesting of one or more RSUs.

	/s/ Remie Solano, Attorney-in-Fact	09/23/2025
	** 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

What insider transaction did Davis Cary report for CRWD?

Davis Cary reported the conversion of 31 fully vested RSUs into Class A common stock on 09/19/2025.

Was any cash paid for the shares reported on the Form 4 (CRWD)?

No cash was paid; the shares converted from RSUs and are reported at a $0 price per share.

How many CrowdStrike shares does Davis Cary beneficially own after the reported transaction?

He beneficially owned 21,576 shares following the reported transaction, which includes shares to be issued upon vesting of one or more RSUs.

When was the transaction and when was the Form 4 signed?

The transaction date is 09/19/2025 and the Form 4 was signed by attorney-in-fact Remie Solano on 09/23/2025.

Why are RSUs reported at a $0 price on Form 4?

Because the reported shares resulted from the conversion of compensation RSUs issued in lieu of cash retainers, not from a cash purchase in the market.