New York, February 4, 2026, 15:29 EST — Regular session underway
CrowdStrike Holdings, Inc. (CRWD) shares dropped 1.8% to $414.00 during Wednesday afternoon trading, slipping $7.73 from Tuesday’s finish.
The insider disclosures come at a tricky time for the cybersecurity firm’s shares, as investors await clear signals on subscription demand in the upcoming quarterly report. In a market jittery about software valuations, even slight changes in tone tend to get blown up.
Form 4 filings, used by corporate insiders to disclose stock transactions, frequently spike near vesting dates for stock awards. Traders keep an eye on these filings as a gauge of sentiment, despite many reflecting routine sales tied to tax obligations.
Chief Executive George Kurtz offloaded 6,777 Class A shares on Feb. 2, according to a Form 4 filing. The shares sold fetched prices between roughly $435 and $446 each. The filing noted these sales were “to cover tax withholdings” related to vesting restricted stock units (RSUs), a type of equity compensation. (SEC)
Chief Financial Officer Burt Podbere sold 1,630 shares on the same day at weighted average prices near $438 to $439, tied to RSU vesting, according to a separate Form 4 filing. After those sales, Podbere reported holding 177,484 shares. (SEC)
Kurtz submitted a Form 144, signaling a planned sale of 6,777 restricted or control shares via J.P. Morgan Securities. The filing values the total at roughly $2.97 million. (SEC)
CrowdStrike has slipped amid a wider tech sell-off as investors wrestle with how quickly AI tools might disrupt parts of the software market. “The stock market is having a really hard knowing where to price the stocks and what the future looks like,” said Jed Ellerbroek, portfolio manager at Argent Capital. Josh Chastant, portfolio manager at GuideStone Funds, added he was “a bit bearish on software in general” due to AI concerns. (Reuters)
Cybersecurity stocks showed a mixed picture: Palo Alto Networks barely moved, Fortinet gained roughly 2.6%, while Zscaler edged down around 0.6%.
Still, with insider headlines swirling and the broader software sector under pressure, buyers might hold back until CrowdStrike reveals its figures and guidance. A volatile market could amplify any unexpected moves in billings — the sum customers commit to pay — or annual recurring revenue, which signals subscription demand.
CrowdStrike will release its fourth-quarter and full-year results after the U.S. market closes on March 3, followed by a conference call at 5 p.m. ET. (Businesswire)
