Magnetar funds sell CoreWeave warrants in insider filing
CoreWeave, Inc. insider Magnetar-affiliated funds reported an open-market sale of derivative securities tied to the company.
Rhea-AI Filing Summary
CoreWeave, Inc. insider Magnetar-affiliated funds reported an open-market sale of derivative securities tied to the company. Investment vehicles managed by Magnetar Financial LLC sold 40,000 warrants (rights to buy Class A Common Stock) at a transaction price of $125.2005 per warrant, leaving 74,505 warrants in that position. The warrants have an exercise price of $1.5495 per share and expire on October 17, 2029. Magnetar Financial, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman each disclaim beneficial ownership of the CoreWeave shares underlying these securities except to the extent of their pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Warrant (right to buy) | 40,000 | $125.2005 | $5.01M |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
Footnotes (12)
- F1. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of 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").
- F2. 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.
- F3. 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.
- F4. These securities are held directly by Magnetar SC Fund Ltd.
- F5. These securities are held directly by Magnetar Alpha Star Fund LLC.
- F6. These securities are held directly by Magnetar Constellation Master Fund, Ltd.
- F7. These securities are held directly by Magnetar Lake Credit Fund LLC.
- F8. These securities are held directly by Magnetar Longhorn Fund LP.
- F9. These securities are held directly by Magnetar Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund. They are not separate legal entities.
- F10. These securities are held directly by Magnetar Xing He Master Fund Ltd.
- F11. These securities are held directly by Purpose Alternative Credit Fund - F LLC.
- F12. These securities are held directly by Purpose Alternative Credit Fund - T LLC.
Key Figures
Key Terms
Warrant (right to buy) financial
open-market sale financial
ten percent owner financial
pecuniary interest financial
beneficial ownership financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
At what price were the CoreWeave (CRWV) warrants sold by Magnetar-affiliated funds?
What are the exercise terms of the CoreWeave (CRWV) warrants held by Magnetar funds?
How many CoreWeave (CRWV) warrants remain after the reported sale?
Who is disclosed as having interests in the CoreWeave (CRWV) warrants on this Form 4?
Which entities directly hold the CoreWeave (CRWV) warrant securities mentioned in the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.