Form 4: CrowdStrike Director Denis O'Leary Converts Class B Stock to Class A Shares

CrowdStrike director Denis O'Leary converted his Class B common stock to Class A common stock on December 11, 2024, as part of a pre-defined conversion event.

Summary

• On December 11, 2024, CrowdStrike director Denis O'Leary converted his Class B common stock into Class A common stock.
• This conversion was triggered by the 'Final Conversion Date' as defined in the company's amended and restated certificate of incorporation.
• The conversion involved 23,893 shares held directly, and 19,094 and 23,682 shares held indirectly through trusts.
• Following the conversion, O'Leary directly owns 30,569 Class A shares, which includes shares to be issued in connection with the vesting of one or more RSUs.
• O'Leary also has indirect ownership of Class A shares through various trusts and LLCs, including 19,094 shares through a 2022 grantor retained annuity trust, 23,682 shares through a charitable remainder trust UAD 3/15/22, 4,200 shares through a charitable remainder trust UAD 12/8/20, 17,946 shares through Hohnco, LLC, and 21,417 shares through Ryderco, LLC.

Sentiment

Score: 7

Explanation: The document reflects a routine corporate action, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a standard transaction related to the company's capital structure and is not unusual for companies with dual-class stock structures.

Comparison to Industry Standards

• Dual-class stock structures are common in the technology sector, with companies like Alphabet (GOOGL) and Meta (META) having similar structures.
• The conversion of Class B to Class A shares is a typical event when a company's charter specifies a conversion date or event.
• The reporting of these transactions via SEC Form 4 is standard practice for company insiders.

Stakeholder Impact

• The conversion of shares has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Class A Common Stock, Class B Common Stock, Stock Conversion, Beneficial Ownership, CrowdStrike, Director, Denis O'Leary