Crowdstrike director Watzinger sells $4.29 million in stock

A recent SEC filing reveals that Gerhard Watzinger, a director at CrowdStrike Holdings, Inc. (NASDAQ:CRWD), executed a significant stock sale. The cybersecurity giant, currently valued at $105 billion, has seen its shares surge nearly 15% in the past week, trading near its 52-week high of $455.59. On April 24, Watzinger sold 10,500 shares of CrowdStrike’s Class A common stock at a price of $409 per share, totaling approximately $4.29 million. This transaction was conducted under a 10b5-1 trading plan adopted on December 6, 2024.

Following this sale, Watzinger retains ownership of 42,391 shares through Clavius Capital LLC. Additionally, he holds other shares indirectly, including 7,000 shares through his wife and 59,500 shares via Clavius AP, LLC. Moreover, Watzinger directly owns 7,279 shares, which include those to be issued upon the vesting of restricted stock units (RSUs).

In other recent news, CrowdStrike Holdings has made several significant announcements impacting its operations and leadership. The company has unveiled the Falcon Privileged Access module within its Falcon Identity Protection suite, aiming to enhance identity security by covering the entire identity attack lifecycle. This new addition is part of a broader strategy to bolster cybersecurity defenses, integrating with CrowdStrike’s existing platform capabilities. Meanwhile, Cantor Fitzgerald has maintained its Overweight rating for CrowdStrike, setting a price target of $440, reflecting confidence in the company’s growth trajectory and strategic initiatives in the cybersecurity market.

CrowdStrike has also announced executive compensation changes, with CEO George Kurtz and President Michael Sentonas set to receive adjusted salary packages in fiscal 2026. Kurtz’s new compensation includes an annual base salary of $1.1 million and a target incentive of 135%, while Sentonas will have a base salary of $875,000 with a target incentive of 100%. These changes align with the company’s Corporate Incentive Plan and underscore the board’s recognition of their contributions to CrowdStrike’s strategic direction.

Additionally, CrowdStrike has rehired Alex Ionescu as Chief Technology Innovation Officer. Ionescu, a former vice president of endpoint engineering at CrowdStrike, will now focus on enhancing the Falcon platform’s architecture and resilience. His return is expected to strengthen the company’s technical engagement with major operating systems and drive forward its engineering efforts. These developments highlight CrowdStrike’s ongoing efforts to innovate and maintain its competitive edge in the cybersecurity industry.

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