Form 144 is an intent to sell, not a completed sale. Watzinger is a long-time holder (shares from 2012) and is a director — not the CEO/CFO. The $14.4M amount is modest for a $183B company. No negative read-through; monitor the Form 4 for actual sale execution but do not trade on this signal alone.
Price Chart
Executive Summary
Director Gerhard Watzinger filed Form 144 notice of intent to sell 20,000 CRWD shares, valued at approximately $14.4M at the filing date. This is a routine diversification sale by a board member with no insider-signal pattern — Watzinger acquired the shares in a 2012 private placement and via a 2020 gift. The proceeds are modest relative to the $183B market cap and the insider's apparent holdings.
Key Facts
- Director Gerhard Watzinger filed Form 144 on June 5, 2026, indicating intent to sell 20,000 CRWD shares.
- Shares valued at approximately $14.4M based on the filing price of ~$719/share.
- 10,000 shares are held by Clavius Capital LLC and 10,000 by Clavius AP, LLC.
- Original shares acquired in a private placement on April 4, 2012; additional shares received via gift from Clavius Capital LLC in December 2020.
- The sale represents a small fraction of the company's $183B market cap and is consistent with routine portfolio diversification by a director.
- Recent insider activity on CRWD shows 10 sells totaling $439K over 30 days — this filing is larger but still not alarming on a proportional basis.
Financial Impact
~$14.4M in proposed insider sales by one director; negligible relative to $183B market cap
Risk Factors
- If the sale is completed, it adds supply-side overhang, but the 20,000-share size is too small to move the stock.
- No disclosure of remaining beneficial ownership — the proportional signal cannot be fully assessed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-041147 |
| Document: 0001628280-26-041147-index.html | 0001628280-26-041147 |
| Document: 0001628280-26-041147.txt | 0001628280-26-041147 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 144 | $241.36 $262.49 | ▲ +8.75% | ▲ +6.93% | $270.04 (+11.88%) |
Sep 16, 2026 16d ago | Insider Cluster | $241.36 $262.49 | ▼ −8.75% | ▼ −6.93% | $270.04 (−11.88%) |
Sep 11, 2026 21d ago | S-3ASR | $235.38 $249.35 | ▲ +5.94% | ▲ +4.28% | $270.04 (+14.73%) |
Sep 10, 2026 22d ago | Insider Cluster | $208.86 $245.70 | ▲ +17.64% | ▲ +18.14% | $270.04 (+29.29%) |
Sep 5, 2026 27d ago | Insider Cluster | $210.02 $242.49 | ▲ +15.46% | ▲ +16.58% | $270.04 (+28.58%) |
Sep 3, 2026 29d ago | Insider Cluster | $214.97 $206.74 | ▼ −3.83% | ▼ −2.68% | $270.04 (+25.62%) |
Aug 13, 2026 7w ago | Insider Cluster | $225.53 $190.34 | ▼ −15.60% | ▼ −13.64% | $270.04 (+19.74%) |
Aug 12, 2026 7w ago | Institutional Cluster | $221.78 $201.63 | ▼ −9.09% | ▼ −8.64% | $270.04 (+21.76%) |
Aug 11, 2026 7w ago | Insider Cluster | $221.90 $212.92 | ▼ −4.05% | ▼ −3.64% | $270.04 (+21.69%) |
Aug 7, 2026 8w ago | Insider Cluster | $214.42 $216.95 | ▲ +1.18% | ▲ +0.78% | $270.04 (+25.94%) |
US Market Status
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