[
  { "event": "Build pitch book: target CRWD, acquirer PANW, thesis: platform consolidation in security", "description": "Single-target pitch with stated thesis" },
  { "event": "Build pitch book: target SNOW, situation: exploring strategic alternatives", "description": "Sell-side pitch, no named acquirer" },
  { "event": "Refresh comps and football field only for target CRWD", "description": "Follow-up steering event after MD feedback" }
]
