CoreWeave (CRWV) CFO exercises 122,320 RSUs and sells shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. Chief Financial Officer Nitin Agrawal reported RSU vesting and related share activity in Class A Common Stock. He exercised restricted stock units covering 122,320 shares at a conversion price of $0.00 per share, increasing his directly held common stock to 316,091 shares.
To cover tax withholding obligations arising from this vesting, 63,891 shares were sold in open-market transactions, including 721 shares at $92.8715 and 63,170 shares at $93.3600 per share, as disclosed in the footnotes. After these transactions, he also holds indirect interests, including shares held by the Yellowstone 2025 GRAT, the Yosemite 2025 GRAT, and his spouse, and retains 856,340 restricted stock units that continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 63,891 shares ($5,964,512)
Net Sell
7 txns
Insider
Agrawal Nitin
Role
Chief Financial Officer
Sold
63,891 shs ($5.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 122,320 | $0.00 | -- |
| Exercise | Class A Common Stock | 122,320 | $0.00 | -- |
| Sale | Class A Common Stock | 63,170 | $93.36 | $5.90M |
| Sale | Class A Common Stock | 721 | $92.8715 | $67K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 856,340 shares (Direct);
Class A Common Stock — 316,091 shares (Direct);
Class A Common Stock — 34,905 shares (Indirect, By Spouse)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The reported transaction represents shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting and settlement of restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.36 to $92.88, 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 filing. The reported securities are directly held by the Yellowstone 2025 GRAT, of which the reporting person's spouse is the beneficiary and for which the reporting person serves as trustee. The reported securities are directly held by the Yosemite 2025 GRAT, of which the reporting person is the sole trustee and beneficiary. The award vested or vests ratably as to approximately 1/16 of the total award on the eleventh calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 11, 2024. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 122,320 units
Shares sold for taxes: 63,891 shares
Sale price (lot 1): $92.8715 per share
+5 more
8 metrics
RSUs exercised
122,320 units
Converted into Class A Common Stock at $0.00 per share
Shares sold for taxes
63,891 shares
Sales to satisfy tax withholding obligations from RSU vesting
Sale price (lot 1)
$92.8715 per share
721 Class A shares sold in open-market transaction
Sale price (lot 2)
$93.3600 per share
63,170 Class A shares sold in open-market transaction
Direct shares after transactions
316,091 shares
Post-transaction direct ownership of Class A Common Stock
Remaining RSUs
856,340 units
Restricted stock units outstanding after reported vesting and exercise
Yellowstone 2025 GRAT holding
81,000 shares
Indirect Class A Common Stock held by Yellowstone 2025 GRAT
Yosemite 2025 GRAT holding
57,952 shares
Indirect Class A Common Stock held by Yosemite 2025 GRAT
Key Terms
restricted stock units, tax withholding obligations, weighted average price, grantor retained annuity trust, +2 more
6 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."
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.
tax withholding obligations financial
"shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
grantor retained annuity trust financial
"The reported securities are directly held by the Yellowstone 2025 GRAT"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
vesting date financial
"subject to the reporting person's continued service to the Issuer on each vesting date"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What did CoreWeave (CRWV) CFO Nitin Agrawal report in this Form 4?
CoreWeave CFO Nitin Agrawal reported RSU vesting, related share exercises, and tax-withholding share sales. He converted 122,320 restricted stock units into Class A shares and executed sales solely to cover tax obligations tied to this vesting event.
How many CoreWeave (CRWV) restricted stock units did the CFO exercise?
The CFO exercised 122,320 restricted stock units into an equal number of Class A Common shares at a conversion price of $0.00 per share. Each RSU represents a contingent right to receive one share upon settlement, subject to the vesting schedule disclosed.
What indirect CoreWeave (CRWV) holdings does the CFO report?
The filing shows indirect holdings through the Yellowstone 2025 GRAT, the Yosemite 2025 GRAT, and his spouse. Post-transaction positions include 81,000 shares by Yellowstone 2025 GRAT, 57,952 shares by Yosemite 2025 GRAT, and 34,905 shares held by his spouse, all reported as indirect ownership.
How many CoreWeave (CRWV) restricted stock units remain outstanding for the CFO?
After this vesting and exercise event, Nitin Agrawal reports 856,340 restricted stock units outstanding. According to the footnotes, these RSUs do not expire but either vest or are cancelled, following a schedule with approximately 1/16 vesting on specified quarterly dates.