CoreWeave (CRWV) director Hutchins settles RSUs, reports major indirect share stakes
Rhea-AI Filing Summary
CoreWeave director Glenn H. Hutchins reported the vesting and settlement of 1,440 Restricted Stock Units into 1,440 shares of Class A Common Stock on August 10, 2026. Following these transactions, he directly holds 11,323 Class A shares. He also reports indirect holdings of 10,640 Class A shares through North Island Inferno Fund II LLC and 384,840 Class A shares through Tide Mill LLC, with beneficial ownership of these indirect positions disclaimed except to the extent of his pecuniary interest. The RSU award vests in quarterly installments on the tenth day of May, August, November, and February, beginning May 10, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,440 shares
Net Buy
4 txns
Insider
HUTCHINS GLENN H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F4, F5 | 1,440 | -- | -- |
| Exercise | Class A Common Stock F1 | 1,440 | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,680 shares (Direct);
Class A Common Stock — 11,323 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/converted: 1,440 units
Direct Class A shares after transaction: 11,323 shares
Indirect shares via North Island Inferno Fund II LLC: 10,640 shares
+2 more
5 metrics
RSUs exercised/converted
1,440 units
Restricted Stock Units settled into Class A Common Stock on August 10, 2026
Direct Class A shares after transaction
11,323 shares
Direct holdings of Class A Common Stock following August 10, 2026 settlement
Indirect shares via North Island Inferno Fund II LLC
10,640 shares
Indirect Class A holdings reported with beneficial ownership disclaimed except for pecuniary interest
Indirect shares via Tide Mill LLC
384,840 shares
Indirect Class A holdings reported with beneficial ownership disclaimed except for pecuniary interest
RSU vesting schedule fraction
1/12 of total award
Vests on the 10th of May, August, November, and February starting May 10, 2025
Key Terms
Restricted Stock Units, beneficial ownership, pecuniary interest, Section 16 of the Securities Exchange Act of 1934
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership for purposes of Section 16"
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 his pecuniary interest therein, if any"
Section 16 of the Securities Exchange Act of 1934 regulatory
"beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transaction did Glenn H. Hutchins report for CoreWeave (CRWV)?
Glenn H. Hutchins reported the vesting and settlement of 1,440 Restricted Stock Units into 1,440 shares of CoreWeave Class A Common Stock on August 10, 2026, reflecting routine equity compensation activity rather than an open-market purchase or sale.
What indirect CoreWeave (CRWV) holdings are associated with Glenn H. Hutchins?
Indirectly, entities associated with Glenn H. Hutchins report 10,640 shares held by North Island Inferno Fund II LLC and 384,840 shares held by Tide Mill LLC. He disclaims beneficial ownership of these shares except to the extent of any pecuniary interest.
How do Glenn H. Hutchins’s CoreWeave (CRWV) Restricted Stock Units vest?
The RSU award vests as to 1/12 of the total award on the tenth calendar day of May, August, November, and February, subject to continued service, with the first tranche vested on May 10, 2025. Vested RSUs settle in Class A shares.
Do the Restricted Stock Units reported for CoreWeave (CRWV) have an expiration date?
The filing states these Restricted Stock Units do not expire; they either vest or are cancelled prior to the vesting date. Each RSU represents a contingent right to receive one share of CoreWeave’s Class A Common Stock upon settlement.
Were Glenn H. Hutchins’s CoreWeave (CRWV) transactions under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox is not marked as affirmative in this filing. The transactions are reported as RSU vesting and settlement events, with no indication in the notes that they were executed under a pre-arranged trading plan.
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