Bitwarden responded on Mastodon. They confirmed everything in my post while apparently thinking they were defending themselves. I noted at the time that the response was its own data point.
Well. There’s more data now.
The Changing of the Guard
His replacement is Michael Sullivan, former CEO of Acquia and Insightsoftware. Sullivan’s LinkedIn page leads with his experience in “all facets of mergers and acquisitions, including direct experience with leading PE firms.”
In plain English: M&A is the business of buying and selling companies. Private equity firms buy businesses, cut costs, grow revenue, and sell them at a profit. They’re not there to run a software company long-term — they’re managing an investment toward an exit. The people hired to run those companies are hired specifically because they know how that process works.
That’s the new CEO of your password manager. That’s what he leads with.
CFO Stephen Morrison also departed in April, replaced by former InVision CEO Michael Shenkman. Kyle Spearrin — who started building Bitwarden as a hobby project in 2015 because he was worried about what would happen to LastPass under new ownership — remains as CTO.
The irony is almost too much to type.
The Website Is Remodeling Too
And then there’s the values rewrite.
Bitwarden used to define its culture with the acronym GRIT: Gratitude, Responsibility, Inclusion, and Transparency. After May 4th, that changed. GRIT now stands for Gratitude, Responsibility, Innovation, and Trust.
Inclusion and Transparency are out. Innovation and Trust are in.
Did They Announce Any of This?
I looked hard.
That’s their announcement. A half-scrubbed edit of a four-year-old post they didn’t even finish updating. Same playbook as the price hike — bury it in existing content, don’t draw attention, hope nobody reads closely enough to notice.
Somebody always does.
And since we’re here — in a 2024 interview, Crandell told Fast Company the free tier was “a firm commitment from the company. Fully featured, free forever.”
He’s in an advisory role now. “Always free” isn’t on the page.
I’ve Already Moved On
The pattern is always the same: build trust, establish dependency, then quietly renegotiate the terms. And it never comes in a single dramatic announcement. It comes in layers. A feature post with a price change inside it. A LinkedIn update nobody made a press release about. A values page that says something slightly different than it did last week.
My read on where this is going: Sullivan’s entire career is taking companies to an exit. Maximize revenue, clean up the balance sheet, make the numbers attractive, find a buyer — a big tech company, a rival like 1Password, someone who wants the user base or the enterprise contracts. That’s what you hire this profile of CEO to do. And if that happens, the hard forks won’t be a question. The price hike got grumbling. Watching your password manager get swallowed by a company you switched away fromwould kick them off properly.
A Note for Vaultwarden Users
Whether self-hosting stays viable long-term is the real question worth sitting with.
Right now it works because Bitwarden’s clients are open source and the server API is public. Vaultwarden implements that API, and the official apps can’t tell the difference. That depends on Bitwarden continuing to publish open source clients and not restricting which servers they’ll talk to — neither of which is guaranteed under new management.
The brake on the worst case: self-hosting is a listed Enterprise feature that generates real revenue. Killing it upsets paying business customers. That matters.
The catch: what Bitwarden sells to enterprises is their own official server stack, not Vaultwarden. Vaultwarden exists in a space they’ve tolerated but never endorsed. If the calculus shifts, the tolerance ends without any announcement. Just let the API drift until compatibility breaks on its own.
I don’t think that’s imminent. But I also thought the free tier commitment was ironclad, and “Always free” isn’t on the page anymore.
The real safety net is that Bitwarden’s clients are Apache 2.0 licensed. A fork would need a rebrand to stay clear of the trademark — different name, tweaked UI, same engine — but that’s a speed bump, not a wall. The web vault works through any browser regardless of what happens to the apps, so worst case you’d lose autofill temporarily while a fork caught up. Inconvenient, not catastrophic. Vaultwarden itself is already proof the model works.
Watch the clients. If they go closed, the community will notice fast, and the fork will follow.