Conversation

Notices

1. Embed this notice
   atomicpoet (atomicpoet@atomicpoet.org)'s status on Saturday, 20-Jul-2024 08:36:27 JST atomicpoet

   Wow! 😲

   CrowdStrike’s CSO sold $1.5M worth of stock right before the outage today!

   I repeat, the Chief Security Officer sold $1.5M worth of stock!

   https://www.barrons.com/articles/crowdstrike-insiders-sold-stock-cac5e509?siteid=yhoof2

   • HistoPol (#HP) 🥥 🌴 repeated this.
   • Embed this notice
     Syn-(h)ACK (synack@corteximplant.com)'s status on Sunday, 21-Jul-2024 01:08:47 JST Syn-(h)ACK

     in reply to

     @atomicpoet Well of course I can't find it now that I want it, but I was reading an article earlier that this was an automatic stop-loss trigger that had been set 2 years ago. It's a fairly common occurrence in companies to prevent stockholders from losing too much money in the event of a massive loss. Since the Crowdstrike listing fell like 20% today (or maybe even more now, I haven't seen), that quick drop triggered the sale.

     So the timing seems suspect, but it's apparently working as designed and was something set in motion as a hedge, likely when that person became CSO and got some massive stock in the company.