CoreWeave director receives stock award on Form 4
HUTCHINS GLENN H reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
HUTCHINS GLENN H reported acquisition or exercise transactions in this Form 4 filing.
CoreWeave, Inc. director Glenn H. Hutchins reported a stock-based compensation grant on Form 4. He received 67 shares of Class A Common Stock at an implied price of $116.85 per share as a fully vested restricted stock unit award for board services, in lieu of a cash retainer.
The filing also lists indirect holdings of 384,840 Class A shares held by Tide Mill LLC and 10,640 Class A shares held by North Island Inferno Fund II LLC. Hutchins is associated with these entities but disclaims beneficial ownership for Section 16 purposes except for any pecuniary interest.
Insider Trade Summary
Grant/Award: 67 shares
Grant/Award
3 txns
Insider
HUTCHINS GLENN H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 67 | $116.85 | $8K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 7,927 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 (3)
- F1. The reported transaction represents an award of fully vested restricted stock units which were settled for shares of the Issuer's Class A common stock, as payment for the reporting person's services as a member of the board of directors, in lieu of payment of a cash retainer. The number of shares awarded was equal to the cash compensation payable for the preceding calendar quarter, divided by the average closing price of the Issuer's Class A common stock for the thirty (30) calendar day period ending on the last day prior to the grant date, rounded down to the nearest whole share.
- 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.
Key Figures
RSU award shares: 67 shares
Implied grant price: $116.85/share
Direct holdings after grant: 7,927 shares
+3 more
6 metrics
RSU award shares
67 shares
Fully vested restricted stock units settled in stock for board retainer
Implied grant price
$116.85/share
Value per share used to convert quarterly cash retainer into stock
Direct holdings after grant
7,927 shares
Class A Common Stock held directly by Hutchins after the transaction
Tide Mill LLC holdings
384,840 shares
Class A shares held indirectly through Tide Mill LLC
North Island Inferno holdings
10,640 shares
Class A shares held indirectly through North Island Inferno Fund II LLC
Average price lookback period
30 days
Calendar-day period used to average closing prices for award calculation
Key Terms
restricted stock units, cash retainer, pecuniary interest, Section 16, +1 more
5 terms
restricted stock units financial
"represents an award of fully vested restricted stock units which were settled for shares"
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.
cash retainer financial
"as payment for the reporting person's services ... in lieu of payment of a cash retainer"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
Section 16 regulatory
"beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
average closing price financial
"divided by the average closing price of the Issuer's Class A common stock"
The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CRWV director Glenn H. Hutchins report?
Glenn H. Hutchins reported receiving 67 shares of CoreWeave Class A Common Stock. The shares came from a fully vested restricted stock unit award granted as compensation for serving on the board of directors, instead of being paid a cash retainer for that quarter.
What indirect CoreWeave (CRWV) holdings are associated with Glenn H. Hutchins?
The filing shows 384,840 CoreWeave Class A shares held by Tide Mill LLC and 10,640 shares held by North Island Inferno Fund II LLC. Hutchins is affiliated with these entities but disclaims beneficial ownership for Section 16 purposes except for any pecuniary interest.
Was the CRWV Form 4 transaction a market purchase or compensation grant?
The CoreWeave Form 4 transaction is a compensation grant, not a market trade. Hutchins received fully vested restricted stock units settled in 67 shares, issued instead of a cash retainer for his services on the company’s board of directors for the preceding calendar quarter.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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