CrowdStrike completes conversion of all Class B stock to Class A, eliminating dual-class structure

CrowdStrike Holdings, Inc.

On Dec 11, 2024, all outstanding Class B shares automatically converted 1:1 into Class A shares after Class B fell below 5% of total shares.
Each Class B share previously carried 10 votes; converted shares now carry 1 vote, reducing insider voting power.
On Dec 12, the company filed a Certificate of Retirement to retire converted Class B shares and reduce authorized capital.
Total outstanding shares unchanged; economic rights of shareholders unaffected by the conversion.
CRWD ticker symbol and CUSIP remain the same; shares continue trading on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CrowdStrike Holdings, Inc.: Filing of Certificate of Retirement to retire Class B Common Stock shares and reduce authorized capital stock (effective 2024-12-12).

Change: charter amendment
Effective: 2024-12-12

Exact text from the filing

On December 12, 2024, the Company filed the Certificate of Retirement with the Secretary of State of the State of Delaware to effect the retirement of the shares of Class B Common Stock that were issued but not outstanding following the Conversion and to accordingly reduce the Company’s total number of authorized shares of capital stock by the number of retired shares of Class B Common Stock.

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CrowdStrike Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-128515

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