Form 4: CrowdStrike CSO Shawn Henry Sells Shares Under 10b5-1 Plan

CrowdStrike's Chief Security Officer, Shawn Henry, executed multiple sales of Class A common stock between June 21 and June 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Shawn Henry, Chief Security Officer of CrowdStrike Holdings, Inc., sold shares of Class A common stock on multiple dates in June 2024.
• The sales were executed under a 10b5-1 trading plan adopted on December 20, 2023.
• On June 21, 2024, 5,504 shares were sold at a price of $380.63 per share.
• On June 24, 2024, multiple sales occurred at varying prices, with weighted average sale prices of $375.43 for 776 shares, $375.00 for 2,800 shares, $374.99 for 401 shares, and $374.90 for 4,100 shares.
• Following these transactions, Henry directly owns 187,091 shares of Class A common stock, inclusive of shares to be issued in connection with the vesting of restricted stock units.
• 5,504 shares of the reported sales were made to cover tax withholdings due on vesting of restricted stock unit awards, as required under the Issuer's administrative policies.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it simply reports the sale of shares by an executive under a pre-arranged plan.

Industry Context

Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates