CoreWeave, Inc. (CRWV) director receives 516-share stock grant for board service
Rhea-AI Filing Summary
HUTCHINS GLENN H reported acquisition or exercise transactions in this Form 4 filing.
CoreWeave, Inc. director Glenn H. Hutchins received an award of 516 shares of Class A common stock on July 20, 2026, valued at $73.21 per share. The award represents fully vested restricted stock units settled in shares as compensation for his board, lead independent director, and compensation committee chair services in lieu of a cash retainer.
After this award, Hutchins directly holds 9,883 Class A shares. He also reports indirect holdings of 10,640 shares through North Island Inferno Fund II LLC and 384,840 shares through Tide Mill LLC, while disclaiming beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 516 shares
Net Buy
3 txns
Insider
HUTCHINS GLENN H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 516 | $73.21 | $38K |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 9,883 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, lead independent director, and chair of the compensation committee, in lieu of payment of a cash retainer. The number of shares awarded was equal to the sum of the cash compensation payable for the preceding calendar quarter and the unpaid cash compensation for service as lead independent director and chair of the compensation committee from the first quarter of 2026, 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
Shares granted: 516 shares
Grant price: $73.21 per share
Direct holdings after grant: 9,883 shares
+2 more
5 metrics
Shares granted
516 shares
Fully vested restricted stock units settled in Class A shares on July 20, 2026
Grant price
$73.21 per share
Value per share used to calculate the restricted stock unit award
Direct holdings after grant
9,883 shares
CoreWeave Class A common stock directly held by Glenn H. Hutchins after the award
Indirect holdings via North Island Inferno Fund II LLC
10,640 shares
Class A shares reported as indirectly held; beneficial ownership disclaimed except for pecuniary interest
Indirect holdings via Tide Mill LLC
384,840 shares
Class A shares reported as indirectly held through Tide Mill LLC, subject to beneficial ownership disclaimer
Key Terms
restricted stock units, cash retainer, beneficial ownership, pecuniary interest
4 terms
restricted stock units financial
"represents an award of fully vested restricted stock units which were settled"
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
"shares of Class A common stock, as payment for services in lieu of a cash retainer"
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership for purposes of Section 16"
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.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did the CoreWeave (CRWV) Form 4 report for Glenn H. Hutchins?
The Form 4 reports that director Glenn H. Hutchins received an award of 516 Class A shares as fully vested restricted stock units. These shares were granted as stock-based compensation for his board and committee roles in lieu of a cash retainer.
At what price were Glenn H. Hutchins’ CRWV stock units valued?
The 516 CoreWeave shares granted to Glenn H. Hutchins were valued at $73.21 per share. This price reflects the average closing price over the 30-day period ending the day before the grant, as specified in the award’s calculation method.
What are Glenn H. Hutchins’ direct CoreWeave (CRWV) holdings after this grant?
Following the award, Glenn H. Hutchins directly holds 9,883 shares of CoreWeave Class A common stock. This figure represents his personal direct ownership and excludes additional indirect holdings reported through North Island Inferno Fund II LLC and Tide Mill LLC.
What indirect CoreWeave (CRWV) holdings are reported for Glenn H. Hutchins?
Indirectly, holdings include 10,640 shares via North Island Inferno Fund II LLC and 384,840 shares via Tide Mill LLC. Hutchins may share voting and investment discretion but disclaims beneficial ownership except for any pecuniary interest in these entities’ positions.
Was Glenn H. Hutchins’ CRWV stock grant paid instead of cash compensation?
Yes. The grant represents restricted stock units settled in shares issued in lieu of a cash retainer. The number of shares reflects unpaid cash compensation amounts divided by a 30-day average share price, rounded down to the nearest whole share.