CrowdStrike board approves up to $1B share repurchase program

CrowdStrike’s (CRWD) board of directors approved a share repurchase program of up to $1 billion of CrowdStrike’s common stock. The authorization gives CrowdStrike flexibility to repurchase shares of its common stock opportunistically, depending on market prices and other factors. Repurchases may be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, 10b5-1 trading plans and other means. The timing, manner, price and amount of any repurchases will be determined by CrowdStrike in its discretion and will depend on a variety of factors, including legal requirements, market prices and economic and market conditions.