STOCK TITAN

Magnetar entities complete CoreWeave (CRWV) 800,000-share variable forward settlement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CoreWeave, Inc. reported a Form 4 showing that investment entities advised by Magnetar Financial LLC completed the settlement of variable pre-paid forward sale contracts tied to Class A common stock. The restructuring transactions covered 800,000 shares in total across multiple Magnetar-managed funds.

The contracts were originally entered on October 9, 2025 and settled on June 22, 2026. Because the June 18, 2026 settlement price of $117.95 was below the $120.00 floor price, the entities delivered all pledged shares to the third-party counterparty. During the pledge period they retained voting and dividend rights in these shares.

The reporting persons, including Magnetar Financial, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman, report these positions indirectly through various Magnetar funds and expressly disclaim beneficial ownership except to the extent of their pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, Snyderman David J.
Role null | null | null | null
Type Security Shares Price Value
Other Forward sale contract (obligation to sell) 24,297 $0.00 --
Other Forward sale contract (obligation to sell) 110,400 $0.00 --
Other Forward sale contract (obligation to sell) 14,474 $0.00 --
Other Forward sale contract (obligation to sell) 1,496 $0.00 --
Other Forward sale contract (obligation to sell) 32,265 $0.00 --
Other Forward sale contract (obligation to sell) 44,296 $0.00 --
Other Forward sale contract (obligation to sell) 55,525 $0.00 --
Other Forward sale contract (obligation to sell) 12,545 $0.00 --
Other Forward sale contract (obligation to sell) 47,231 $0.00 --
Other Forward sale contract (obligation to sell) 29,109 $0.00 --
Other Forward sale contract (obligation to sell) 23,449 $0.00 --
Other Forward sale contract (obligation to sell) 4,913 $0.00 --
Other Class A Common Stock 24,297 $0.00 --
Other Class A Common Stock 110,400 $0.00 --
Other Class A Common Stock 14,474 $0.00 --
Other Class A Common Stock 1,496 $0.00 --
Other Class A Common Stock 32,265 $0.00 --
Other Class A Common Stock 44,296 $0.00 --
Other Class A Common Stock 55,525 $0.00 --
Other Class A Common Stock 12,545 $0.00 --
Other Class A Common Stock 47,231 $0.00 --
Other Class A Common Stock 29,109 $0.00 --
Other Class A Common Stock 23,449 $0.00 --
Other Class A Common Stock 4,913 $0.00 --
holding Class A Common Stock -- -- --
Holdings After Transaction: Forward sale contract (obligation to sell) — 0 shares (Indirect, Footnotes); Class A Common Stock — 4,102,804 shares (Indirect, Footnotes)
Footnotes (1)
  1. On June 22, 2026, the entity holding the indicated number of shares of Class A common stock (the "Common Stock") of CoreWeave Inc. (the "Issuer") settled a variable pre-paid forward sale contract that was entered into October 9, 2025 with a third party counterparty. The contract obligated the entity to deliver to the counterparty up to the indicated number of shares on June 22, 2026 (the "Settlement Date"). The entity pledged the indicated number of shares, as reported in Column 5 (the "Pledged Shares"), to the counterparty to secure its obligations under the contract and retained voting and dividend rights in the Pledged Securities during the term of the pledge. The contract provided that the number of shares deliverable to the counterparty on the Settlement Date was to be determined as follows: (a) if the price at the Nasdaq closing time on June 18, 2026 (the "Settlement Price") was less than or equal to $120.00 (the "Floor Price"), the entity would deliver all Pledged Shares; (b) if the Settlement Price was between the Floor Price and $190.00 (the "Cap Price"), the entity would deliver a number of shares equal to the number of Pledged Shares multiplied by the Floor Price and divided by the Settlement Price; and (c) if the Settlement Price was greater than the Cap Price, the entity would deliver a number of shares equal to (i) the number of Pledged Shares multiplied by the sum of the Floor Price and the difference between the Settlement Price and the Cap Price divided by (ii) the Settlement Price. On June 18, 2026, the Settlement Price was $117.95. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity 2 LP, CW Opportunity LLC, Longhorn Special Opportunities Fund LP, 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"). 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 CW Opportunity 2 LP. These securities are held directly by CW Opportunity LLC. These securities are held directly by Magnetar Alpha Star Fund LLC. These securities are held directly by Magnetar Capital 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 SC Fund Ltd. 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 Magnetar Xing He Master Fund Ltd. These securities are held directly by Purpose Alternative Credit Fund - F LLC. These securities are held directly by Purpose Alternative Credit Fund - T LLC. These securities are held directly by Longhorn Special Opportunities Fund LP. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares.
Restructuring share count 800,000 shares Total shares involved in restructuring transactions
Settlement Price $117.95 Nasdaq closing price on June 18, 2026 used for contract settlement
Floor Price $120.00 Contract floor price determining full delivery of pledged shares
Cap Price $190.00 Contract cap price in share-delivery formula
Example pledged block 110,400 shares One non-derivative line’s pledged CoreWeave shares
Example post-transaction holding 17,666,550 shares Total shares following one reported non-derivative transaction
variable pre-paid forward sale contract financial
"settled a variable pre-paid forward sale contract that was entered into October 9, 2025"
Floor Price financial
"if the price ... was less than or equal to $120.00 (the "Floor Price")"
The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.
Cap Price financial
"between the Floor Price and $190.00 (the "Cap Price")"
Pledged Shares financial
"the indicated number of shares, as reported in Column 5 (the "Pledged Shares")"
beneficial ownership financial
"disclaims beneficial ownership of these shares of Common Stock of the Issuer"
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"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Magnetar Financial LLC

(Last)(First)(Middle)
1603 ORRINGTON AVENUE
13TH FLOOR

(Street)
EVANSTON ILLINOIS 60201

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CoreWeave, Inc. [ CRWV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/22/2026J/K24,297D(1)(2)(19)4,102,804IFootnotes(3)(4)(5)(6)
Class A Common Stock06/22/2026J/K110,400D(1)(2)(20)17,666,550IFootnotes(3)(4)(5)(7)
Class A Common Stock06/22/2026J/K14,474D(1)(2)(21)1,024,724IFootnotes(3)(4)(5)(8)
Class A Common Stock06/22/2026J/K1,496D(1)(2)(22)239,419IFootnotes(3)(4)(5)(9)
Class A Common Stock06/22/2026J/K32,265D(1)(2)(23)3,705,646IFootnotes(3)(4)(5)(10)
Class A Common Stock06/22/2026J/K44,296D(1)(2)(24)4,537,878IFootnotes(3)(4)(5)(11)
Class A Common Stock06/22/2026J/K55,525D(1)(2)(25)6,668,406IFootnotes(3)(4)(5)(12)
Class A Common Stock06/22/2026J/K12,545D(1)(2)(26)849,439IFootnotes(3)(4)(5)(13)
Class A Common Stock06/22/2026J/K47,231D(1)(2)(27)6,829,320IFootnotes(3)(4)(5)(14)
Class A Common Stock06/22/2026J/K29,109D(1)(2)(28)2,075,675IFootnotes(3)(4)(5)(15)
Class A Common Stock06/22/2026J/K23,449D(1)(2)(29)2,052,063IFootnotes(3)(4)(5)(16)
Class A Common Stock06/22/2026J/K4,913D(1)(2)(30)664,721IFootnotes(3)(4)(5)(17)
Class A Common Stock1,973,782IFootnotes(3)(4)(5)(18)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Forward sale contract (obligation to sell)(1)(2)(19)06/22/2026J/K24,297 (1)(2)(19) (1)(2)(19)Class A Common Stock24,297$00IFootnotes(3)(4)(5)(6)
Forward sale contract (obligation to sell)(1)(2)(20)06/22/2026J/K110,400 (1)(2)(20) (1)(2)(20)Class A Common Stock110,400$00IFootnotes(3)(4)(5)(7)
Forward sale contract (obligation to sell)(1)(2)(21)06/22/2026J/K14,474 (1)(2)(21) (1)(2)(21)Class A Common Stock14,474$00IFootnotes(3)(4)(5)(8)
Forward sale contract (obligation to sell)(1)(2)(22)06/22/2026J/K1,496 (1)(2)(22) (1)(2)(22)Class A Common Stock1,496$00IFootnotes(3)(4)(5)(9)
Forward sale contract (obligation to sell)(1)(2)(23)06/22/2026J/K32,265 (1)(2)(23) (1)(2)(23)Class A Common Stock32,265$00IFootnotes(3)(4)(5)(10)
Forward sale contract (obligation to sell)(1)(2)(24)06/22/2026J/K44,296 (1)(2)(24) (1)(2)(24)Class A Common Stock44,296$00IFootnotes(3)(4)(5)(11)
Forward sale contract (obligation to sell)(1)(2)(25)06/22/2026J/K55,525 (1)(2)(25) (1)(2)(25)Class A Common Stock55,525$00IFootnotes(3)(4)(5)(12)
Forward sale contract (obligation to sell)(1)(2)(26)06/22/2026J/K12,545 (1)(2)(26) (1)(2)(26)Class A Common Stock12,545$00IFootnotes(3)(4)(5)(13)
Forward sale contract (obligation to sell)(1)(2)(27)06/22/2026J/K47,231 (1)(2)(27) (1)(2)(27)Class A Common Stock47,231$00IFootnotes(3)(4)(5)(14)
Forward sale contract (obligation to sell)(1)(2)(28)06/22/2026J/K29,109 (1)(2)(28) (1)(2)(28)Class A Common Stock29,109$00IFootnotes(3)(4)(5)(15)
Forward sale contract (obligation to sell)(1)(2)(29)06/22/2026J/K23,449 (1)(2)(29) (1)(2)(29)Class A Common Stock23,449$00IFootnotes(3)(4)(5)(16)
Forward sale contract (obligation to sell)(1)(2)(30)06/22/2026J/K4,913 (1)(2)(30) (1)(2)(30)Class A Common Stock4,913$00IFootnotes(3)(4)(5)(17)
1. Name and Address of Reporting Person*
Magnetar Financial LLC

(Last)(First)(Middle)
1603 ORRINGTON AVENUE
13TH FLOOR

(Street)
EVANSTON ILLINOIS 60201

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Magnetar Capital Partners LP

(Last)(First)(Middle)
1603 ORRINGTON AVENUE
13TH FLOOR

(Street)
EVANSTON ILLINOIS 60201

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Supernova Management LLC

(Last)(First)(Middle)
1603 ORRINGTON AVENUE
13TH FLOOR

(Street)
EVANSTON ILLINOIS 60201

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Snyderman David J.

(Last)(First)(Middle)
1603 ORRINGTON AVENUE
13TH FLOOR

(Street)
EVANSTON ILLINOIS 60201

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. On June 22, 2026, the entity holding the indicated number of shares of Class A common stock (the "Common Stock") of CoreWeave Inc. (the "Issuer") settled a variable pre-paid forward sale contract that was entered into October 9, 2025 with a third party counterparty. The contract obligated the entity to deliver to the counterparty up to the indicated number of shares on June 22, 2026 (the "Settlement Date"). The entity pledged the indicated number of shares, as reported in Column 5 (the "Pledged Shares"), to the counterparty to secure its obligations under the contract and retained voting and dividend rights in the Pledged Securities during the term of the pledge.
2. The contract provided that the number of shares deliverable to the counterparty on the Settlement Date was to be determined as follows: (a) if the price at the Nasdaq closing time on June 18, 2026 (the "Settlement Price") was less than or equal to $120.00 (the "Floor Price"), the entity would deliver all Pledged Shares; (b) if the Settlement Price was between the Floor Price and $190.00 (the "Cap Price"), the entity would deliver a number of shares equal to the number of Pledged Shares multiplied by the Floor Price and divided by the Settlement Price; and (c) if the Settlement Price was greater than the Cap Price, the entity would deliver a number of shares equal to (i) the number of Pledged Shares multiplied by the sum of the Floor Price and the difference between the Settlement Price and the Cap Price divided by (ii) the Settlement Price. On June 18, 2026, the Settlement Price was $117.95.
3. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity 2 LP, CW Opportunity LLC, Longhorn Special Opportunities Fund LP, 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").
4. 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.
5. 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.
6. These securities are held directly by CW Opportunity 2 LP.
7. These securities are held directly by CW Opportunity LLC.
8. These securities are held directly by Magnetar Alpha Star Fund LLC.
9. These securities are held directly by Magnetar Capital Master Fund, Ltd.
10. These securities are held directly by Magnetar Constellation Master Fund, Ltd.
11. These securities are held directly by Magnetar Lake Credit Fund LLC.
12. These securities are held directly by Magnetar Longhorn Fund LP.
13. These securities are held directly by Magnetar SC Fund Ltd.
14. These securities are held directly by Magnetar Structured Credit Fund, LP, DBA Magnetar Constellation Onshore Fund. They are not separate legal entities.
15. These securities are held directly by Magnetar Xing He Master Fund Ltd.
16. These securities are held directly by Purpose Alternative Credit Fund - F LLC.
17. These securities are held directly by Purpose Alternative Credit Fund - T LLC.
18. These securities are held directly by Longhorn Special Opportunities Fund LP.
19. The entity transferred to the third party counterparty all of the Pledged Shares.
20. The entity transferred to the third party counterparty all of the Pledged Shares.
21. The entity transferred to the third party counterparty all of the Pledged Shares.
22. The entity transferred to the third party counterparty all of the Pledged Shares.
23. The entity transferred to the third party counterparty all of the Pledged Shares.
24. The entity transferred to the third party counterparty all of the Pledged Shares.
25. The entity transferred to the third party counterparty all of the Pledged Shares.
26. The entity transferred to the third party counterparty all of the Pledged Shares.
27. The entity transferred to the third party counterparty all of the Pledged Shares.
28. The entity transferred to the third party counterparty all of the Pledged Shares.
29. The entity transferred to the third party counterparty all of the Pledged Shares.
30. The entity transferred to the third party counterparty all of the Pledged Shares.
/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Administrative Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP, which is in turn the Sole Member of Magnetar Financial LLC06/23/2026
/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Administrative Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP06/23/2026
/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Administrative Manager of Supernova Management LLC06/23/2026
/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman06/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

How does the variable pre-paid forward contract on CoreWeave (CRWV) shares work?

The contracts required Magnetar-related entities to deliver CoreWeave shares on June 22, 2026. Delivered shares depended on the June 18, 2026 settlement price versus a $120 floor and $190 cap, using a formula that adjusted the share count based on where the price fell within that range.

Why were all pledged CoreWeave (CRWV) shares delivered under the contract?

All pledged shares were delivered because the June 18, 2026 settlement price of $117.95 was below the $120.00 floor. Under the contract’s terms, a price at or below the floor required delivery of the full number of pledged shares to the third-party counterparty at settlement.

Who actually holds the CoreWeave (CRWV) shares reported on this Form 4?

The shares are held by various Magnetar funds, including entities such as CW Opportunity 2 LP, CW Opportunity LLC and other Magnetar-branded funds. Magnetar Financial and related reporting persons disclose indirect interests and disclaim beneficial ownership beyond their economic, or pecuniary, interests.

Are these CoreWeave (CRWV) Form 4 transactions open-market buys or sells?

No. The filing classifies the transactions under code J as other acquisitions or dispositions related to a variable pre-paid forward structure. They represent settlement of pre-existing derivative contracts rather than new open-market purchase or sale decisions in CoreWeave stock.