CRWV: Magnetar Adds Omitted 375k Derivative Shares in Amended Form 3
Rhea-AI Filing Summary
On 18 June 2025, Magnetar Financial LLC and several affiliated investment vehicles filed an amended Form 3 (Form 3/A) for CoreWeave, Inc. (ticker CRWV). The amendment adds five previously omitted lines of derivative securities: rights to purchase an aggregate 375,000 Class A shares at an exercise price of $40.00 per share. These rights became exercisable on 27 Mar 2025 and expire on 27 Mar 2026. Because the combined position exceeds 10 % of outstanding shares, Magnetar, its parent entities and managing member David J. Snyderman are disclosed as 10 % owners under Section 16. Each entity expressly disclaims beneficial ownership except to the extent of its pecuniary interest. No non-derivative holdings were reported, and the filing contains no operational or financial metrics for CoreWeave. In essence, the document is an administrative correction that improves transparency but has no direct impact on CoreWeave’s capital structure or near-term fundamentals.
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Insights
TL;DR: Amendment adds 375k share purchase rights; purely disclosure, operationally neutral for CRWV.
The Form 3/A corrects Magnetar’s original beneficial-ownership filing, revealing additional derivative positions that had been left out. All five instruments are identical one-year rights struck at $40, totaling 375,000 underlying shares. While the aggregate stake reaffirms Magnetar’s >10 % ownership, the disclosure does not alter CoreWeave’s float or economics because the rights were already outstanding; they are simply now reported. Investors may view hedge-fund involvement as a vote of confidence, but there is no new capital infusion, dilution, or cash flow implication. Accordingly, the filing is best characterized as compliance-driven with negligible market impact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Right to Purchase | -- | -- | -- |
| holding | Right to Purchase | -- | -- | -- |
| holding | Right to Purchase | -- | -- | -- |
| holding | Right to Purchase | -- | -- | -- |
| holding | Right to Purchase | -- | -- | -- |
Footnotes (1)
- This Form 3/A is being filed to include securities beneficially owned by the reporting persons as of March 27, 2025, which were inadvertently omitted from the original Form 3. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of Magnetar Longhorn Fund LP, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T LLC, the general partner of Magnetar Structured Credit Fund, LP and the manager of Magnetar Lake Credit Fund LLC (collectively, the "Magnetar Funds"). Magnetar Capital Partners LP ("Magnetar Capital Partners") is the sole member and parent holding company of Magnetar Financial. Supernova Management LLC ("Supernova Management") is the general partner of Magnetar Capital Partners. The manager of Supernova Management is David J. Snyderman, a citizen of the United States of America. Each of the Magnetar Funds, Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. These securities are held directly by Magnetar Structured Credit Fund, LP. These securities are held directly by Magnetar Longhorn Fund LP. These securities are held directly by Purpose Alternative Credit Fund - F LLC. These securities are held directly by Purpose Alternative Credit Fund - T LLC. These securities are held directly by Magnetar Lake Credit Fund LLC.
