Snowflake, CrowdStrike Insiders Sell Over $100 Million Combined in Days

Filings show Snowflake director Frank Slootman sold $97.4 million worth of shares, while CrowdStrike CEO George Kurtz sold more than $4.1 million in company stock. Both disposals were disclosed the same day, adding to a broader pattern of insiders trimming positions across high-multiple software names this earnings season. Insider sales are common after lockup periods or as part of pre-scheduled trading plans, and a single large sale rarely signals a change in company outlook by itself. But the scale here, nearly $100 million from one Snowflake insider alone, is large enough to register with investors tracking sentiment among people closest to these companies. What is unresolved is whether these sales were pre-scheduled under 10b5-1 trading plans, which are set up in advance and disconnected from current material information, or discretionary. Neither company has commented on the filings beyond the required disclosures.