--- title: CrowdStrike CEO Sells at $560 Under 10b5-1 Plan type: news slug: kurtz-crowdstrike-plan-selling-may-2026-recovery-high canonical_url: https://13finsight.com/news/kurtz-crowdstrike-plan-selling-may-2026-recovery-high published_at: 2026-05-16T19:39:16.923Z updated_at: 2026-05-16T19:39:19.697Z author: Alex Rivera author_title: Breaking News Editor author_url: https://13finsight.com/authors/alex-rivera word_count: 889 locale: en source: 13F Insight --- # CrowdStrike CEO Sells at $560 Under 10b5-1 Plan > CrowdStrike CEO George Kurtz sold CRWD shares at $557-565 on May 14, 2026 under a Rule 10b5-1 prearranged plan — the latest in a multi-year pattern of programmatic selling at what are now post-outage recovery highs. Institutional investors Jennison Associates and Citadel remain large holders. Methodical Plan Selling at a 2.5x Recovery From the 2024 Outage Low CrowdStrike CEO George Kurtz sold CRWD shares in multiple small lots on May 14, 2026, at prices ranging from $557.55 to $565.47 per share, according to Form 4 filings submitted to the SEC. The transactions — totaling hundreds of shares spread across eight separate executions — are characteristic of a Rule 10b5-1 prearranged trading plan: equal-lot sales at minor price increments reflect an automated execution pattern rather than a discretionary market decision. The context matters: CRWD traded below $210 at its nadir in the aftermath of the July 2024 Falcon sensor software update that caused widespread Windows system outages. The May 2026 prices represent a roughly 2.5x recovery from that low — and a confirmation that institutions and Kurtz's own programmatic plan alike continued to see the outage as an operational incident, not a structural business impairment. See George Kurtz's full Form 4 transaction history on 13F Insight. Kurtz's Remaining Position: 2.17 Million Direct Shares After the May 14 transactions, Kurtz holds 2,173,950 shares of CRWD on a direct basis per Table I of his Form 4 filings. At the $560 mid-range price, that represents a direct position valued at approximately $1.22 billion. The 13G/A filing Kurtz submitted in February 2024 indicated he was below the 5% reporting threshold at that time — consistent with approximately 2.2 million shares relative to CrowdStrike's current share count of roughly 245 million shares outstanding, which puts his direct ownership at approximately 0.9%. This is a common pattern for tech founder-executives at this stage of company maturity: the 10b5-1 plan functions as a structured liquidity mechanism, allowing Kurtz to convert a portion of his vested equity into diversified wealth without requiring him to time the market or coordinate with blackout window restrictions. The SEC framework for these plans, governed by Rule 10b5-1, requires that the plan be established when the insider does not possess material non-public information — making the execution of the plan mechanically non-discretionary. For context on Kurtz's broader position history, visit the insider profile for George Kurtz on 13F Insight, where the full Form 4 history with 1,286 reported transactions totaling $702.2M in gross sales is available. Institutional Conviction: Who Is Staying Long on CRWD While Kurtz's programmatic selling continues, institutional investors are holding significant positions. Among the most noteworthy active managers in the CrowdStrike holder table: Jennison Associates LLC ($2.58B): One of the largest growth-equity managers in the US, Jennison is CrowdStrike's fifth-largest institutional holder and the top-ranked active-manager conviction play. Jennison's presence at this size suggests continued confidence in the endpoint security market's long-term growth trajectory. Citadel Advisors LLC ($2.26B): Citadel holds $2.26B in CRWD as of the most recent 13F cycle, placing it ninth overall. Citadel's positions span both quantitative and discretionary strategies; a $2.26B CRWD allocation suggests at minimum a significant quantitative signal on the name. FMR LLC ($1.34B): Fidelity's $1.34B position (twelfth overall) confirms CRWD as a meaningful institutional holding within Fidelity's actively managed cybersecurity exposure. Total institutional holder count stands at 2,170, spanning a broad range from passive index funds (BlackRock at $8.34B, Vanguard at $6.23B) down to smaller specialist cybersecurity funds. The active-manager participation — Jennison, Citadel, FMR all holding nine-figure positions — is a positive structural indicator for the stock's institutional bid. The 10b5-1 Plan as a Behavioral Signal One interpretation of Kurtz's continued plan selling at $557-565 is straightforward: he set up the plan at some prior date when the price was lower, locked in exit levels, and is now executing. The small lot sizes (26, 54, 50, 91, 106, 115, 39, 63 shares per execution on May 14) are consistent with a VWAP or limit-price-based algorithm designed to minimize market impact — the signature of a long-duration plan rather than a concentrated one-day sale. What matters to investors is what isn't happening: Kurtz has not filed an acceleration, termination, or suspension of the 10b5-1 plan. If an insider modifies or terminates a plan before completion, that action itself requires disclosure. The absence of such a filing means Kurtz's programmatic selling is proceeding on the original schedule — which is itself a neutral-to-positive behavioral signal. A CEO who believes the stock is about to move materially lower on undisclosed information would have incentive to accelerate (subject to plan terms); one who believes the stock has significant further upside might modify the plan to slow execution. Neither has occurred. CrowdStrike's Q1 FY2027 Earnings Context CrowdStrike's fiscal year ends January 31, so Q1 FY2027 covers February through April 2026. Earnings for this quarter are expected in early June 2026. Analyst estimates entering earnings reflect recovery in annual recurring revenue (ARR) growth following the outage-period disruption. The stock's $560+ price as of mid-May 2026 builds in a meaningful re-acceleration expectation — which makes the upcoming earnings report the most important near-term anchor for evaluating whether Kurtz's plan-driven selling at current levels was well-timed. For investors tracking the institutional ownership picture around CrowdStrike, the CRWD holder table on 13F Insight provides the full 2,170-holder breakdown. For Kurtz's full insider filing record, the George Kurtz profile page includes the complete Form 4 history and beneficial ownership cross-checks. All position data reflects the most recent quarterly 13F disclosure; intra-quarter trades appear in real-time Form 4 filings as they are submitted to the SEC EDGAR system. ## FAQ ### Why is George Kurtz selling CrowdStrike stock? Kurtz is selling under a Rule 10b5-1 prearranged trading plan, not based on discretionary market timing. These plans must be established when the insider does not possess material non-public information. The small, equal-lot execution pattern (26, 54, 50, 91, 106, 115, 39, 63 shares per trade on May 14) is characteristic of an automated VWAP or limit-price algorithm — not a concentrated discretionary sale. ### How many CrowdStrike shares does George Kurtz still own? After the May 14, 2026 transactions, Kurtz holds 2,173,950 shares of CRWD on a direct basis per Table I of his Form 4 filings. At approximately $560 per share, that represents a direct position valued at roughly $1.22 billion. His ownership represents approximately 0.9% of CrowdStrike's roughly 245 million shares outstanding. ### Who are the largest institutional holders of CrowdStrike? As of the most recent 13F cycle, the largest institutional holders of CRWD are BlackRock ($8.34B), Vanguard ($6.23B), and a mix of active managers including Jennison Associates ($2.58B, fifth overall) and Citadel Advisors ($2.26B, ninth overall). Total institutional holder count stands at 2,170 across passive index funds, quant funds, and specialist cybersecurity managers. ### What happened to CrowdStrike's stock after the July 2024 outage? CrowdStrike's share price fell to below $210 following the July 2024 Falcon sensor software update that caused widespread Windows system outages globally. The stock has since recovered to approximately $560 as of May 2026 — roughly 2.5x the outage low — as institutions and analysts concluded the incident was an operational disruption rather than a structural impairment to CrowdStrike's cybersecurity platform business. --- Source: 13F Insight — https://13finsight.com/news/kurtz-crowdstrike-plan-selling-may-2026-recovery-high Author: Alex Rivera — https://13finsight.com/authors/alex-rivera Last updated: 2026-05-16T19:39:19.697Z