Call option sales on 2M CoreWeave (CRWV) shares by Magnetar funds
Rhea-AI Filing Summary
CoreWeave, Inc. had large derivative insider activity reported by Magnetar-affiliated entities. The Form 4 shows 12 open-market sales of call options labeled as an “obligation to sell,” tied to an aggregate 2,000,000 shares of Class A Common Stock at a $150.00 exercise price, all dated April 29, 2026 and expiring on December 18, 2026.
The options are held directly by various Magnetar Funds, including CW Opportunity 2 LP, CW Opportunity LLC, Magnetar Alpha Star Fund LLC and others, while Magnetar Financial LLC and related entities report as advisers or parent entities. They each disclaim beneficial ownership of the CoreWeave shares except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Magnetar-managed funds sold call options referencing 2M CoreWeave shares at a $150 strike.
The filing reports 12 derivative transactions, each a call option described as an obligation to sell CoreWeave Class A Common Stock. In total, they reference 2,000,000 underlying shares at a conversion or exercise price of $150.00 per share, expiring on December 18, 2026.
The securities are held directly by multiple Magnetar Funds such as CW Opportunity 2 LP and CW Opportunity LLC, while Magnetar Financial LLC and related entities act as adviser or parent entities and disclaim beneficial ownership except for pecuniary interest. The transactions are all coded as open-market sales of derivatives, and the summary shows a net-sell direction, but the filing does not provide CoreWeave’s total shares outstanding to gauge proportional impact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Call option (obligation to sell) | 169,612 | $3,434,643.00 as filed | -- |
| Sale | Call option (obligation to sell) | 537,865 | $10,891,766.25 as filed | -- |
| Sale | Call option (obligation to sell) | 70,515 | $1,427,928.75 | $100.69B |
| Sale | Call option (obligation to sell) | 7,289 | $147,602.25 | $1.08B |
| Sale | Call option (obligation to sell) | 157,189 | $3,183,077.25 as filed | -- |
| Sale | Call option (obligation to sell) | 215,805 | $4,370,051.25 as filed | -- |
| Sale | Call option (obligation to sell) | 270,509 | $5,477,807.25 as filed | -- |
| Sale | Call option (obligation to sell) | 61,120 | $1,237,680.00 | $75.65B |
| Sale | Call option (obligation to sell) | 230,106 | $4,659,646.50 as filed | -- |
| Sale | Call option (obligation to sell) | 141,815 | $2,871,753.75 as filed | -- |
| Sale | Call option (obligation to sell) | 114,240 | $2,313,360.00 as filed | -- |
| Sale | Call option (obligation to sell) | 23,935 | $484,683.75 | $11.60B |
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $3,434,643.00 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $10,891,766.25 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $3,183,077.25 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $4,370,051.25 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $5,477,807.25 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $4,659,646.50 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $2,871,753.75 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
- Call option (obligation to sell), Apr 29, 2026. Price shown as filed: $2,313,360.00 per share is far above the $114.19 close on Apr 29, 2026, so no transaction value is shown.
Footnotes (15)
- F1. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity 2 LP, CW Opportunity LLC, Magnetar Capital Master Fund, Ltd, 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").
- F2. 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.
- F3. 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.
- F4. These securities are held directly by CW Opportunity 2 LP.
- F5. These securities are held directly by CW Opportunity LLC.
- F6. These securities are held directly by Magnetar Alpha Star Fund LLC.
- F7. These securities are held directly by Magnetar Capital Master Fund, Ltd.
- F8. These securities are held directly by Magnetar Constellation Master Fund, Ltd.
- F9. These securities are held directly by Magnetar Lake Credit Fund LLC.
- F10. These securities are held directly by Magnetar Longhorn Fund LP.
- F11. These securities are held directly by Magnetar SC Fund Ltd.
- F12. These securities are held directly by Magnetar Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund. They are not separate legal entities.
- F13. These securities are held directly by Magnetar Xing He Master Fund Ltd.
- F14. These securities are held directly by Purpose Alternative Credit Fund - F LLC.
- F15. These securities are held directly by Purpose Alternative Credit Fund - T LLC.
Key Figures
Key Terms
Call option (obligation to sell) financial
beneficial ownership financial
pecuniary interest financial
investment adviser financial
general partner financial
FAQ
Who directly holds the CoreWeave (CRWV) option positions reported in this Form 4?
Do Magnetar entities claim full beneficial ownership of the CoreWeave (CRWV) securities?
What are the key terms of the CoreWeave (CRWV) call options sold by Magnetar funds?
AI-generated analysis. How Rhea-AI works. Not financial advice.