Magnetar funds settle CoreWeave (CRWV) variable prepaid forward deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. insider filing shows Magnetar-managed funds settling a structured forward transaction rather than making open-market trades. On June 22, 2026, the entities settled a variable pre-paid forward sale contract originally entered on October 8, 2025, delivering pledged Class A common shares to a third-party counterparty.
The contract’s share delivery depended on the stock’s Settlement Price versus a Floor Price of $120.00 and a Cap Price of $185.00. Because the Settlement Price on June 18, 2026 was $117.95, below the Floor Price, the entities transferred all pledged shares under the formula. The filing shows this through multiple “J” code restructuring entries and matching derivative forward positions reduced to zero, while significant indirect CoreWeave holdings remain across several Magnetar funds.
Positive
- None.
Negative
- None.
Insights
Filing reflects settlement of a prepaid forward, not open-market selling.
The reporting Magnetar entities and related funds used a variable pre-paid forward sale contract linked to CoreWeave’s Class A common stock. The structure pledged shares and fixed an economic outcome back on October 8, 2025, when the contract was entered.
Settlement terms reference a $120.00 Floor Price and $185.00 Cap Price, with actual share delivery based on the $117.95 Settlement Price on June 18, 2026. Because this price fell below the Floor Price, all pledged shares were delivered, consistent with the disclosed formula.
The transactionSummary labels 24 “J” code entries as restructuring, totaling 400,000 shares tied to forwards, plus derivative records reduced to zero. Each Magnetar entity and David J. Snyderman disclaim beneficial ownership beyond pecuniary interest, and the filing indicates ongoing indirect positions in CoreWeave stock. Overall, the activity looks like execution of a pre-arranged derivative strategy, with neutral informational value for long-term fundamentals.
Insider Trade Summary
25 transactions reported
Mixed
25 txns
Insider
Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, Snyderman David J.
Role
null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Forward sale contract (obligation to sell) | 12,149 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 55,200 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 7,237 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 748 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 16,132 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 22,148 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 27,762 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 6,273 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 23,616 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 14,554 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 11,725 | $0.00 | -- |
| Other | Forward sale contract (obligation to sell) | 2,456 | $0.00 | -- |
| Other | Class A Common Stock | 12,149 | $0.00 | -- |
| Other | Class A Common Stock | 55,200 | $0.00 | -- |
| Other | Class A Common Stock | 7,237 | $0.00 | -- |
| Other | Class A Common Stock | 748 | $0.00 | -- |
| Other | Class A Common Stock | 16,132 | $0.00 | -- |
| Other | Class A Common Stock | 22,148 | $0.00 | -- |
| Other | Class A Common Stock | 27,762 | $0.00 | -- |
| Other | Class A Common Stock | 6,273 | $0.00 | -- |
| Other | Class A Common Stock | 23,616 | $0.00 | -- |
| Other | Class A Common Stock | 14,554 | $0.00 | -- |
| Other | Class A Common Stock | 11,725 | $0.00 | -- |
| Other | Class A Common Stock | 2,456 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Forward sale contract (obligation to sell) — 0 shares (Indirect, Footnotes);
Class A Common Stock — 4,131,268 shares (Indirect, Footnotes)
Footnotes (1)
- On June 22, 2026, the entity holding the indicated number of shares of Class A common stock (the "Common Stock") of CoreWeave Inc. (the "Issuer") settled a variable pre-paid forward sale contract that was entered into October 8, 2025 with a third party counterparty. The contract obligated the entity to deliver to the counterparty up to the indicated number of shares on June 22, 2026 (the "Settlement Date"). The entity pledged the indicated number of shares, as reported in Column 5 (the "Pledged Shares"), to the counterparty to secure its obligations under the contract and retained voting and dividend rights in the Pledged Securities during the term of the pledge. The contract provided that the number of shares deliverable to the counterparty on the Settlement Date was to be determined as follows: (a) if the price at the Nasdaq closing time on June 18, 2026 (the "Settlement Price") was less than or equal to $120.00 (the "Floor Price"), the entity would deliver all Pledged Shares; (b) if the Settlement Price was between the Floor Price and $185.00 (the "Cap Price"), the entity would deliver a number of shares equal to the number of Pledged Shares multiplied by the Floor Price and divided by the Settlement Price; and (c) if the Settlement Price was greater than the Cap Price, the entity would deliver a number of shares equal to (i) the number of Pledged Shares multiplied by the sum of the Floor Price and the difference between the Settlement Price and the Cap Price divided by (ii) the Settlement Price. On June 18, 2026, the Settlement Price was $117.95. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity 2 LP, CW Opportunity LLC, Longhorn Special Opportunities Fund LP, Magnetar Capital Master Fund, Ltd, 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 CW Opportunity 2 LP. These securities are held directly by CW Opportunity LLC. These securities are held directly by Magnetar Alpha Star Fund LLC. These securities are held directly by Magnetar Capital Master Fund, Ltd. 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 SC Fund Ltd. 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. These securities are held directly by Longhorn Special Opportunities Fund LP. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares.
Key Figures
Restructuring shares: 400,000 shares
Floor Price: $120.00
Cap Price: $185.00
+5 more
8 metrics
Restructuring shares
400,000 shares
Shares tied to 24 J-code restructuring transactions
Floor Price
$120.00
Price threshold in variable pre-paid forward formula
Cap Price
$185.00
Upper price bound in forward settlement formula
Settlement Price
$117.95
Nasdaq closing price on June 18, 2026 determining delivery
Indirect holding example 1
1,973,782 shares
Total Class A shares following one transaction entry
Indirect holding example 2
17,795,883 shares
Total Class A shares following another transaction entry
Restructuring entries
24 transactions
J-code other acquisition or disposition events
Derivative transactions
12 forwards
Forward sale contract records reduced to zero after settlement
Key Terms
variable pre-paid forward sale contract, Floor Price, Cap Price, Settlement Price, +2 more
6 terms
variable pre-paid forward sale contract financial
"settled a variable pre-paid forward sale contract that was entered into October 8, 2025"
Floor Price financial
"if the price ... was less than or equal to $120.00 (the "Floor Price")"
The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.
Cap Price financial
"between the Floor Price and $185.00 (the "Cap Price")"
Settlement Price financial
"if the price at the Nasdaq closing time on June 18, 2026 (the "Settlement Price")"
beneficial ownership regulatory
"disclaims beneficial ownership of these shares of Common Stock of the Issuer"
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 its or his pecuniary interest therein"
FAQ
What did the Magnetar entities do in this CoreWeave (CRWV) Form 4?
They settled a variable pre-paid forward sale contract tied to CoreWeave Class A stock. On June 22, 2026, they delivered all pledged shares to a third-party counterparty, as required by the contract’s formula based on the June 18, 2026 Settlement Price.
Does this CoreWeave (CRWV) Form 4 show open-market buying or selling by Magnetar?
No open-market buys or sells are reported. The filing instead reflects settlement of a previously agreed variable pre-paid forward contract, coded as “J” (other acquisition or disposition) and categorized as restructuring, with derivative forward positions reduced to zero after share delivery.