As in most single bike crashes (street or track) he simply ran out of talent just when he needed it most. I have found myself in that position on numberous occasions. If you haven't already, you will too, eventually!
His first track day, novice group, sh it happens!
I have found that most street riders show up at the track with no problem twisting the throttle but they have real issues with the brakes. I've ruffled lots of feathers on the org with multiple posts on braking. If there is one aspect of motorcycle control you should master, it's the brakes! Practice - Practice - Practice as efficient braking will save your a$$ as some point!
Two things I noticed in the video. One, using four fingers on the lever. Modern bikes have exceptional brakes. Using four fingers on the lever makes it much too easy to apply too much pressure. It's brake feel you want and one or two fingers is all you need to apply pressure. Presonally, I use two.
Two, the horrizon never moved in the video. This tells me the brakes were applied too aggressively not allowing the forks to compress and load the front tire which led to overwhelming the tires' available grip. The rider had already passed the turn-in point when he decided he was going to fast for his comfort level and quickly overloaded the tire with poor application of the brake. If he would have stayed calm, left the throttle closed, leaned the bike a bit more he would have been fine. As the bike slowed the radius would have tightened up allowing the rider to stand the bike up more and allowed for more brake if the rider felt it necessary.
This crash was due to a total lack of braking skill but was most likely initiated by a lapse in concentration. Could have been listening to his tunes, who knows? The brakes are a rheostat used to set your corner entry speed. Sometimes it's necessary to apply the brakes while leaned over. If that situation occurrs, stand the bike up as best you can and squeeze the lever, don't grab it. This is your best chance of avoiding a crash!
I doubt the chap that crashed has any idea as to why he crashed!