Magnetar funds reduce CoreWeave (CRWV) warrant stake in $126 trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. ten percent owners associated with Magnetar reported open-market sales of 90,000 warrants (rights to buy Class A Common Stock) on May 7, 2026. The warrants were sold in three trades at $126.3505 per underlying share.
The warrants carry an exercise price of $1.5495 per share and expire between October 17, 2029 and November 15, 2029. The securities are held indirectly through various Magnetar-affiliated funds, which, according to footnotes, collectively disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Magnetar-affiliated funds disclosed open-market sales of 90,000 CoreWeave warrants while retaining sizable remaining warrant positions.
Entities associated with Magnetar Financial LLC reported selling a total of 90,000 warrants tied to CoreWeave Class A Common Stock. The sales, coded "S", were executed at an average price of $126.3505 per underlying share, with a low exercise price of $1.5495.
The filing also lists multiple remaining warrant positions expiring around 2029, including blocks over 200,000 underlying shares, indicating that Magnetar-related funds continue to have substantial derivative exposure. Footnotes clarify that various Magnetar funds hold these securities and that Magnetar entities and David J. Snyderman disclaim beneficial ownership beyond their pecuniary interest.
Insider Trade Summary
Net Seller: 90,000 shares ($11,371,545)
Net Sell
17 txns
Insider
Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, Snyderman David J.
Role
null | null | null | null
Sold
90,000 shs ($11.37M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Warrant (right to buy) | 23,166 | $126.3505 | $2.93M |
| Sale | Warrant (right to buy) | 20,244 | $126.3505 | $2.56M |
| Sale | Warrant (right to buy) | 46,590 | $126.3505 | $5.89M |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
Holdings After Transaction:
Warrant (right to buy) — 82,705 shares (Indirect, Footnotes)
Footnotes (1)
- Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T LLC, the general partner of Magnetar Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund (They are not separate legal entities) and the manager of Magnetar Alpha Star Fund LLC and 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 administrative 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 these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein. These securities are held directly by Magnetar Alpha Star Fund LLC. These securities are held directly by Magnetar SC Fund Ltd. These securities are held directly by Magnetar Xing He Master Fund Ltd. These securities are held directly by Magnetar Constellation Master Fund, Ltd. These securities are held directly by Magnetar Lake Credit Fund LLC. These securities are held directly by Magnetar Longhorn Fund LP. These securities are held directly by Magnetar Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund. They are not separate legal entities. These securities are held directly by Purpose Alternative Credit Fund - F LLC. These securities are held directly by Purpose Alternative Credit Fund - T LLC.
Key Figures
Warrants sold: 90,000 warrants
Sale price: $126.3505 per share
Exercise price: $1.5495 per share
+5 more
8 metrics
Warrants sold
90,000 warrants
Total sellShares across S-coded transactions
Sale price
$126.3505 per share
Price for each reported open-market sale
Exercise price
$1.5495 per share
Warrant exercise price for CoreWeave Class A
Single sale block
46,590 warrants
Largest individual S-coded transaction
Remaining warrant block
218,601 underlying shares
One disclosed warrant position after transactions
Derivative transactions
3 sales, 14 holdings
DerivativeTransactionCount and holdingEntries
Net direction
Net sell of 90,000 shares
transactionSummary.netBuySellDirection and shares
Warrant expiry
2029-10-17 to 2029-11-15
Stated expiration dates for warrants
Key Terms
Warrant (right to buy), open-market sale, ten percent owner, beneficial ownership, +2 more
6 terms
Warrant (right to buy) financial
"security_title: "Warrant (right to buy)""
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
ten percent owner regulatory
"is_ten_percent_owner: 1"
beneficial ownership regulatory
"disclaims beneficial ownership of these shares of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of its or his pecuniary interest therein"
indirect ownership financial
"ownership_type: "indirect" and ownership_code: "I""
FAQ
What insider activity did Magnetar report in CoreWeave (CRWV) on this Form 4?
Magnetar-affiliated entities reported selling 90,000 warrants linked to CoreWeave Class A Common Stock. The transactions were coded as open-market sales, reflecting a reduction in warrant exposure while multiple remaining warrant positions are still disclosed in the same filing.
What are the exercise terms of the CoreWeave (CRWV) warrants held by Magnetar entities?
The warrants reported by Magnetar-related entities carry an exercise price of $1.5495 per share for CoreWeave Class A Common Stock. They have stated expiration dates between October 17, 2029 and November 15, 2029, giving the funds long-dated optionality on the underlying shares.
Who actually holds the CoreWeave (CRWV) securities reported in this Form 4?
Footnotes state the securities are held directly by several Magnetar funds, such as Magnetar Alpha Star Fund LLC and Magnetar Constellation Master Fund, Ltd. Magnetar Financial, Magnetar Capital Partners, Supernova Management, and David J. Snyderman disclaim beneficial ownership beyond their pecuniary interests.
What ownership role do Magnetar entities have in CoreWeave (CRWV) according to this filing?
Each reporting person, including Magnetar Financial LLC and related entities, is identified as a ten percent owner of CoreWeave. However, footnotes clarify that the various Magnetar funds hold the securities directly and that the reporting persons disclaim beneficial ownership except for their pecuniary interest.