Magnetar funds trim CoreWeave (CRWV) warrant stake but retain large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. received a Form 4 showing an open-market sale of derivative securities by Magnetar-affiliated entities. An entity managed by Magnetar Financial LLC sold warrants representing 50,000 shares of Class A Common Stock at $127.0005 per share, with an exercise price of $1.5495 and expiration on October 17, 2029. After this transaction, that warrant position shows 24,505 underlying shares remaining, while other warrant holdings continue, including positions over 229,011 and 218,601 underlying shares. The reporting persons and related Magnetar funds disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Magnetar-linked funds reported a sizable warrant sale but retain large remaining positions.
Entities associated with Magnetar Financial LLC reported selling warrants linked to 50,000 CoreWeave Class A shares at about $127.0005 per share. These are derivative securities with a low exercise price of $1.5495, expiring on October 17, 2029.
The filing also lists multiple remaining warrant positions, including tranches over 229,011 and 218,601 underlying shares, suggesting this is a partial adjustment rather than a full exit. Each Magnetar entity and David J. Snyderman disclaim beneficial ownership beyond their economic interest, indicating these are fund-level positions rather than personal trades.
Insider Trade Summary
Net Seller: 50,000 shares ($6,350,025)
Net Sell
9 txns
Insider
Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, Snyderman David J.
Role
null | null | null | null
Sold
50,000 shs ($6.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Warrant (right to buy) | 50,000 | $127.0005 | $6.35M |
| 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) | -- | -- | -- |
Holdings After Transaction:
Warrant (right to buy) — 24,505 shares (Indirect, Footnotes)
Footnotes (1)
- 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"). 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 Magnetar SC Fund Ltd. These securities are held directly by Magnetar Alpha Star Fund LLC. 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 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.
Key Figures
Warrants sold: 50,000 underlying shares
Sale price: $127.0005 per share
Exercise price: $1.5495 per share
+5 more
8 metrics
Warrants sold
50,000 underlying shares
Open-market sale of warrants on Class A Common Stock
Sale price
$127.0005 per share
Transaction price for underlying shares in warrant sale
Exercise price
$1.5495 per share
Warrant exercise price for CoreWeave Class A Common Stock
Remaining shares in sold tranche
24,505 underlying shares
Total shares following the 50,000-share warrant sale
Large remaining warrant block
229,011 underlying shares
One of several remaining warrant positions held indirectly
Second large warrant block
218,601 underlying shares
Another remaining warrant position held indirectly
Warrant expiration
October 17, 2029
Expiration date for all listed warrant positions
Net share direction
50,000 net-sell shares
Net buy/sell direction across reported transactions
Key Terms
Warrant (right to buy), Class A Common Stock, beneficial ownership, ten percent owner, +1 more
5 terms
Warrant (right to buy) financial
"Security title is listed as "Warrant (right to buy)" tied to Class A shares."
Class A Common Stock financial
"Each warrant’s underlying security title is "Class A Common Stock" of CoreWeave."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
beneficial ownership regulatory
"The disclosure states they disclaim beneficial ownership except for pecuniary interest."
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.
ten percent owner regulatory
"Each reporting person is identified as a ten percent owner of the issuer."
pecuniary interest financial
"They disclaim beneficial ownership except to the extent of their pecuniary interest therein."
FAQ
What type of security did Magnetar funds transact in for CoreWeave (CRWV)?
The transaction involved a Warrant (right to buy) linked to CoreWeave Class A Common Stock. Each warrant allows purchase at an exercise price of $1.5495 per share, with the warrants expiring on October 17, 2029, according to the disclosure details.
How large is the reported CoreWeave (CRWV) warrant sale by Magnetar entities?
The Form 4 shows an open-market sale of warrants representing 50,000 underlying shares of CoreWeave Class A Common Stock at about $127.0005 per share. After the sale, that specific warrant position reports 24,505 underlying shares remaining.
Do Magnetar and David J. Snyderman claim full beneficial ownership of the CoreWeave (CRWV) warrants?
No. The disclosure states that the Magnetar funds, Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaim beneficial ownership, except to the extent of their pecuniary interest. This indicates the positions are primarily held at the fund level.
What CoreWeave (CRWV) warrant holdings remain after this reported sale?
The filing lists multiple remaining warrant positions with an exercise price of $1.5495 and expiration on October 17, 2029. These include tranches over 229,011 and 218,601 underlying shares, alongside other indirect holdings managed by Magnetar-related entities.