Form 4: Magnetar-related sale of CRWV Class A shares at ~$121–$125
Rhea-AI Filing Summary
CoreWeave insider Form 4 shows multiple sales by Magnetar-related reporting persons on 09/16/2025. The filing reports numerous dispositions of Class A common stock executed on that date at weighted-average prices reported in three groups (footnotes show price ranges of $121.00–$121.99, $122.07–$122.73 and $123.27–$123.75) and an additional listed price of $124.65. Sales were executed by or on behalf of Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman, with securities held across several Magnetar funds. The filing discloses indirect beneficial ownership positions by various Magnetar funds and related entities, with an aggregated reported indirect holding line of 4,417,607 Class A shares reported in the table.
Positive
- Timely and detailed disclosure of multiple transactions, including weighted-average pricing ranges in footnotes
- Clear ownership attribution across Magnetar entities and individual (David J. Snyderman), aiding transparency
- Continued material indirect holdings reported (aggregate line of 4,417,607 Class A shares) despite disposals
Negative
- Substantial coordinated sales by a 10% owner and director on 09/16/2025, which may increase share supply
- Multiple entity-level disposals across funds reduce aggregate reported holdings in several accounts
Insights
TL;DR: Significant coordinated sales by Magnetar entities on 09/16/2025 at ~$121–$125 per share; reporting shows substantial retained indirect holdings.
The Form 4 documents multiple dispositions of Class A common stock by Magnetar-affiliated reporting persons on a single trading date, with weighted-average prices grouped by footnote ranges. The activity is disclosed as indirect beneficial ownership across several funds, and the filing preserves disclaimer language limiting beneficial ownership to pecuniary interest. From an investor perspective, clustered sales by a 10% owner and director can affect near-term supply dynamics and signal portfolio rebalancing, though the filing shows continued material indirect holdings across Magnetar funds.
TL;DR: Form 4 properly discloses sales by related parties and provides detailed footnotes clarifying ownership structure.
The filing meets Section 16 disclosure requirements and includes thorough attribution: Magnetar Financial serves as adviser to listed funds; Magnetar Capital Partners is the parent; Supernova Management is a general partner; and David J. Snyderman is identified as manager. Footnotes explain which fund holds which shares and disclaimers about beneficial ownership are included. The signature block shows an attorney-in-fact executed the filing on behalf of the reporting persons, which is common for entity filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,798 | $121.44 | $340K |
| Sale | Class A Common Stock | 3,031 | $122.17 | $370K |
| Sale | Class A Common Stock | 1,568 | $123.51 | $194K |
| Sale | Class A Common Stock | 784 | $124.65 | $98K |
| Sale | Class A Common Stock | 10,509 | $121.44 | $1.28M |
| Sale | Class A Common Stock | 11,401 | $122.17 | $1.39M |
| Sale | Class A Common Stock | 5,904 | $123.51 | $729K |
| Sale | Class A Common Stock | 2,952 | $124.65 | $368K |
| Sale | Class A Common Stock | 6,479 | $121.44 | $787K |
| Sale | Class A Common Stock | 7,028 | $122.17 | $859K |
| Sale | Class A Common Stock | 3,638 | $123.51 | $449K |
| Sale | Class A Common Stock | 1,819 | $124.65 | $227K |
| Sale | Class A Common Stock | 5,216 | $121.44 | $633K |
| Sale | Class A Common Stock | 5,660 | $122.17 | $691K |
| Sale | Class A Common Stock | 2,932 | $123.51 | $362K |
| Sale | Class A Common Stock | 1,466 | $124.65 | $183K |
| Sale | Class A Common Stock | 1,095 | $121.44 | $133K |
| Sale | Class A Common Stock | 1,187 | $122.17 | $145K |
| Sale | Class A Common Stock | 614 | $123.51 | $76K |
| Sale | Class A Common Stock | 307 | $124.65 | $38K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $121.00 to $121.99, inclusive. The reporting person undertakes to provide to CoreWeave, Inc. (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 2 and 3. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $122.07 to $122.73, inclusive. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $123.27 to $123.75, inclusive. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, Purpose Alternative Credit Fund - T LLC, and Longhorn Special Opportunities Fund LP, and the general partner of Magnetar Structured Credit Fund, LP (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 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 Magnetar SC Fund Ltd. These securities are held directly by Magnetar Structured Credit Fund, LP. 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.