CRWV Insider Filing: Intrator 10b5-1 Sales and 50,000 Class B Acquisition
Rhea-AI Filing Summary
Michael N. Intrator, CoreWeave (CRWV) CEO, reported transactions on 09/24/2025. He acquired 50,000 Class B shares (convertible into Class A) and executed multiple sales of Class A shares through Omnadora Capital LLC under a Rule 10b5-1 plan adopted May 23, 2025. The sales were executed in multiple tranches at weighted-average prices reported in ranges from $124.47 to $133.41 per share across the transactions listed. The filing shows various beneficial ownership positions after each sale and lists material holdings tied to Omnadora and several trusts and family vehicles, including 21,867,489 Class A (direct) and 25,499,280 Class A (indirect) positions referenced for different holdings.
Positive
- Used a Rule 10b5-1 trading plan (adopted May 23, 2025) to execute sales, which helps avoid appearance of opportunistic insider trading
- Filed detailed attribution of indirect holdings (Omnadora, family trusts, PMI GRAT, spouse), improving transparency
- Acquired 50,000 Class B shares convertible into Class A, disclosed explicitly
Negative
- Insider sold multiple tranches of Class A shares on 09/24/2025, reducing certain Omnadora-held positions
- Large beneficial positions concentrated in related vehicles (e.g., Omnadora, family trusts), which may concentrate voting power
Insights
TL;DR: CEO executed a structured sale program and added convertible Class B shares; material holdings remain concentrated in Omnadora and related trusts.
The filing documents a Rule 10b5-1 trading plan sale on 09/24/2025 and the concurrent acquisition of 50,000 Class B shares convertible into Class A. Sales were carried out by Omnadora Capital LLC in multiple tranches at weighted-average prices reported across several price bands from $124.47 to $133.41. The report clarifies ownership through multiple vehicles (Omnadora, family trusts, PMI GRAT, spouse holdings), with large reported beneficial positions such as 21,867,489 Class A shares held directly and 25,499,280 Class A shares held indirectly in one line. This is a routine Section 16 disclosure of insider liquidity under a pre-established plan rather than an ad hoc sale.
TL;DR: Disclosure shows proper use of a 10b5-1 plan and detailed attribution of indirect holdings across family vehicles and trusts.
The Form 4 provides clear attribution of beneficial ownership to Omnadora Capital LLC and multiple trusts, and includes disclaimers of beneficial ownership where applicable. The filing includes explanatory footnotes describing conversion rights for Class B shares and the reporting person’s managerial role at Omnadora and related entities. Documentation appears to follow Section 16 requirements by reporting acquisitions, disposals, and the nature of indirect ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 303 | $124.8455 | $38K |
| Sale | Class A Common Stock | 2,201 | $126.4415 | $278K |
| Sale | Class A Common Stock | 4,557 | $127.4026 | $581K |
| Sale | Class A Common Stock | 7,167 | $128.3622 | $920K |
| Sale | Class A Common Stock | 7,684 | $129.424 | $994K |
| Sale | Class A Common Stock | 8,187 | $130.2692 | $1.07M |
| Sale | Class A Common Stock | 9,575 | $131.53 | $1.26M |
| Sale | Class A Common Stock | 6,487 | $132.2987 | $858K |
| Sale | Class A Common Stock | 3,839 | $133.2844 | $512K |
| Sale | Class A Common Stock | 197 | $124.8468 | $25K |
| Sale | Class A Common Stock | 1,428 | $126.4413 | $181K |
| Sale | Class A Common Stock | 2,958 | $127.4024 | $377K |
| Sale | Class A Common Stock | 4,653 | $128.3622 | $597K |
| Sale | Class A Common Stock | 4,987 | $129.4241 | $645K |
| Sale | Class A Common Stock | 5,314 | $130.2692 | $692K |
| Sale | Class A Common Stock | 6,215 | $131.5299 | $817K |
| Sale | Class A Common Stock | 4,212 | $132.2988 | $557K |
| Sale | Class A Common Stock | 2,491 | $133.2845 | $332K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation. The reported securities are directly held by Omnadora Capital LLC ("Omnadora"). The reporting person is the sole manager of Omnadora's manager, Omnadora Management LLC. In such capacity, the reporting person may be deemed to beneficially own securities directly held by Omnadora. The reporting person disclaims beneficial ownership for purposes of Section 16 of the Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein. The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 23, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.47 to $125.39, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes 5 through 12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.88 to $126.86, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.90 to $127.88, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.90 to $128.89, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.90 to $129.89, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.90 to $130.89, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.92 to $131.91, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.97 to $132.93, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.97 to $133.41, inclusive. The reported securities are directly held by the reporting person's spouse. The reported securities are directly held by the Silver Thimble Resulting Trust ("Silver Thimble"), an irrevocable trust with a third-party trustee, of which the reporting person's children are beneficiaries. Pursuant to its constitutive documents, investment discretion over its assets is exercised by its investment manager, Copper Thimble LLC, for which the reporting person serves as the manager. The reporting person also has the power to remove and replace Silver Thimble's trustee. The reported securities are directly held by the PMI 2024 F&F GRAT (the "PMI GRAT"). The reporting person is the sole beneficiary of the PMI GRAT and his spouse is trustee. The reported securities are directly held by the Intrator Family Trust, of which the reporting person's spouse and children are the beneficiaries and his spouse serves as co-trustee. The reported securities are directly held by the Intrator Family GST-Exempt Trust, of which the reporting person's spouse and children are the beneficiaries and his spouse serves as co-trustee.