CoreWeave director exercises 1,440 RSUs into shares
CoreWeave director Glenn H. Hutchins reported an equity award vesting that delivered 1,440 shares of Class A Common Stock through the exercise of restricted stock units at a price of $0.00 per share.
Rhea-AI Filing Summary
CoreWeave director Glenn H. Hutchins reported an equity award vesting that delivered 1,440 shares of Class A Common Stock through the exercise of restricted stock units at a price of $0.00 per share. Following this transaction, he holds 9,367 Class A shares directly.
He also has indirect interests in 384,840 Class A shares held by Tide Mill LLC and 10,640 Class A shares held by North Island Inferno Fund II LLC, where he has management roles but disclaims beneficial ownership except for any pecuniary interest. The RSU award vests in quarterly tranches, and 10,120 restricted stock units remain outstanding after this vesting event.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,440 shares exercised/converted
Exercise
4 txns
Insider
HUTCHINS GLENN H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,440 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,440 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,120 contracts (Direct);
Class A Common Stock — 9,367 shares (Direct);
Class A Common Stock — 10,640 shares (Indirect, North Island Inferno Fund II LLC);
Class A Common Stock — 384,840 shares (Indirect, Tide Mill LLC)
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- F2. The reported securities are directly held by North Island Inferno Fund II LLC ("North Island Inferno"). The reporting person serves as investment manager for North Island Inferno and as such may be deemed to exercise shared voting and investment discretion over securities held by it. The reporting person disclaims beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), except to the extent of his pecuniary interest therein, if any.
- F3. The reported securities are directly held by Tide Mill LLC ("Tide Mill"). The managing member of Tide Mill is North Island Management, LLC ("NIM"). The reporting person serves as chairman of NIM and may be deemed to directly or indirectly exercise voting and investment discretion over the investments of NIM and Tide Mill. The reporting person disclaims beneficial ownership for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any.
- F4. The award vested or vests as to 1/12 of the total award on the tenth calendar day of May, August, November, and February, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on May 10, 2025.
- F5. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised into shares: 1,440 shares
Direct Class A holdings: 9,367 shares
Remaining RSUs: 10,120 units
+3 more
6 metrics
RSUs exercised into shares
1,440 shares
Class A Common Stock received at $0.00 per share
Direct Class A holdings
9,367 shares
Shares of Class A Common Stock after transaction
Remaining RSUs
10,120 units
Restricted stock units outstanding after this vesting
Tide Mill LLC holdings
384,840 shares
Class A Common Stock held indirectly via Tide Mill LLC
North Island Inferno Fund II LLC holdings
10,640 shares
Class A Common Stock held indirectly via North Island Inferno Fund II LLC
Exercise price
$0.00 per share
Price per share for 1,440 RSUs converted into stock
Key Terms
Restricted Stock Units, Section 16, pecuniary interest, Exchange Act
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16 regulatory
"The reporting person disclaims beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein, if any."
Exchange Act regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A federal law that sets rules for trading securities on public exchanges, requiring companies and market participants to register, disclose regular financial information, and follow standards that promote honest, orderly markets. For investors, it matters because it creates transparency and legal protections—like stopping insider trading and ensuring timely company disclosures—so you can evaluate risks and rely on consistent rules much as players rely on a referee to keep a game fair.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CoreWeave (CRWV) director Glenn Hutchins report?
Glenn H. Hutchins reported an equity award vesting that delivered 1,440 shares of CoreWeave Class A Common Stock via restricted stock units at $0.00 per share. This reflects compensation-related vesting, not an open-market stock purchase or sale.
What indirect CoreWeave (CRWV) holdings are associated with Glenn Hutchins?
Entities associated with Glenn H. Hutchins hold 384,840 CoreWeave Class A shares through Tide Mill LLC and 10,640 shares through North Island Inferno Fund II LLC. He has management roles but disclaims beneficial ownership except for any pecuniary interest.
How many restricted stock units remain for Glenn Hutchins at CoreWeave (CRWV)?
Following the vesting of 1,440 restricted stock units into Class A Common Stock, 10,120 restricted stock units remain outstanding. These units represent a contingent right to receive one CoreWeave Class A share each upon future settlement.
How do Glenn Hutchins’ CoreWeave (CRWV) RSUs vest over time?
The restricted stock unit award vests in 12 equal installments on the tenth day of May, August, November, and February, subject to continued service, with the first tranche vesting on May 10, 2025. Units either vest on schedule or are cancelled before vesting.
Is Glenn Hutchins’ CoreWeave (CRWV) Form 4 an open-market trade?
No, the Form 4 reports an exercise of restricted stock units delivering 1,440 shares at $0.00, a compensation-related vesting. It does not disclose any open-market purchase or sale of CoreWeave stock by Glenn H. Hutchins.
AI-generated analysis. How Rhea-AI works. Not financial advice.
