CoreWeave (CRWV) CFO exercises RSUs, sells 63,157 shares for tax withholding
Rhea-AI Filing Summary
CoreWeave, Inc. Chief Financial Officer Nitin Agrawal exercised restricted stock units that converted into 122,320 shares of Class A Common Stock. On the same date, 63,157 shares of Class A Common Stock were sold at $79.68 per share to cover tax withholding obligations tied to this RSU vesting, rather than as a discretionary open-market sale. Following these transactions, Agrawal directly holds 228,348 Class A shares, with additional indirect holdings of 34,905 shares held by his spouse, 81,000 shares held by the Yellowstone 2025 GRAT, and 57,952 shares held by the Yosemite 2025 GRAT.
Positive
- None.
Negative
- None.
FAQ
What did CoreWeave (CRWV) CFO Nitin Agrawal report in this Form 4?
Nitin Agrawal reported exercising restricted stock units into 122,320 shares of CoreWeave Class A Common Stock. He also reported a related sale of 63,157 shares used to satisfy tax withholding obligations triggered by this vesting event.
How many CoreWeave (CRWV) shares did the CFO sell, and at what price?
The filing shows a sale of 63,157 CoreWeave Class A shares at $79.68 per share. According to the disclosure, this sale was specifically to cover tax withholding obligations connected to the vesting and settlement of restricted stock units.
How many CoreWeave (CRWV) shares does the CFO own after these transactions?
After the transactions, Nitin Agrawal directly owns 228,348 Class A shares of CoreWeave. He also has indirect interests in 34,905 shares held by his spouse, plus 81,000 and 57,952 shares held by two 2025 GRAT trusts.
Were the CoreWeave (CRWV) CFO’s share sales discretionary or for taxes?
The filing states the 63,157 shares of Class A Common Stock were sold to satisfy tax withholding obligations. Those obligations arose from the vesting and settlement of restricted stock units, indicating the sale was tax-driven rather than a discretionary market-timing decision.
What are the terms of the CoreWeave (CRWV) restricted stock unit award?
The award vests in approximately 1/16 tranches on the eleventh day of June, September, December, and March. Vesting continues so long as Nitin Agrawal remains in service, with the first tranche vested on June 11, 2024.
Do the CoreWeave (CRWV) restricted stock units reported here expire?
The restricted stock units reported do not expire. They either vest according to the stated schedule or are cancelled before a vesting date, as described in the disclosure for this equity award.