[_QrE]

According to the article, the CEO sold stock, and gifted stock to at least four trusts that have, in turn, sold the stock gifted:

> Subsequent filings from four trusts show that about half of his gifted shares were transferred to them. Those trusts have in turn sold most of the shares they reported receiving, netting at least $1.2 billion in proceeds so far.

Seems like the CEO thinks that it's downhill from here; I'm not sure what other reason there would be to do this.

[pc86]

> A spokesperson for CrowdStrike said the filings reflected estate planning and philanthropic activities

Estate planning is very likely code for tax avoidance. I know basically nothing about Kurtz, I would venture this is all going to family and structuring this staggering generational wealth so they don't overpay taxes.

[lotsofpulp]

Estate planning is about avoiding probate courts. It makes the transfer of control of assets much cleaner with almost no risk someone (e.g. an aggrieved family member) can tie it up in courts for who knows how long. It’s why you see even average personal homes placed in trusts.