Podbere Burt W. 4
Research Summary
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CrowdStrike (CRWD) CFO Burt Podbere Sells 15,918 Shares
What Happened Burt W. Podbere, CFO of CrowdStrike Holdings (CRWD), sold a total of 15,918 shares in open-market transactions on March 23, 2026, generating roughly $6,533,559 in proceeds. The sales were reported as four separate transactions:
- 6,582 shares at a weighted average price of $409.42 — $2,694,802
- 1,316 shares at a weighted average price of $410.29 — $539,942
- 7,314 shares at a weighted average price of $411.10 — $3,006,785
- 706 shares at a weighted average price of $413.64 — $292,030
All transactions are coded as sales (S) and, per the filing remarks, were executed to cover tax withholding on vested restricted stock units (RSUs).
Key Details
- Transaction date: March 23, 2026; Form 4 filed March 24, 2026.
- Price details: weighted-average prices shown above. Footnotes indicate each line was executed in multiple trades with price ranges: ~$409.00–409.92, $410.03–410.42, $411.03–412.00, and $413.57–413.84.
- Total shares sold: 15,918; total proceeds: about $6.53 million.
- Purpose: Sales made to satisfy tax withholding on RSU vesting (filing remark). Footnote F2 confirms shares relate to RSU issuances.
- Beneficial ownership: reporting person disclaims beneficial ownership except to extent of pecuniary interest (footnote F6).
- Filing timeliness: Form covers 3/23/2026 transactions and was filed on 3/24/2026 (no late filing indicated in the document).
Context These were routine, administrative sales to cover tax withholding obligations tied to vested RSUs, not open-market purchases. Such withholding sales are common for equity-compensated executives and do not by themselves indicate a change in the insider’s view of the company. Purchases by insiders tend to be more informative about positive sentiment than routine tax-related sales.