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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 122,320 | $0.00 | -- |
| Exercise | Class A Common Stock | 122,320 | $0.00 | -- |
| Sale | Class A Common Stock | 63,157 | $79.68 | $5.03M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The reported transaction represents shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting and settlement of restricted stock units. The reported securities are directly held by the Yellowstone 2025 GRAT, of which the reporting person's spouse is the beneficiary and for which the reporting person serves as trustee. The reported securities are directly held by the Yosemite 2025 GRAT, of which the reporting person is the sole trustee and beneficiary. The award vested or vests ratably as to approximately 1/16 of the total award on the eleventh calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 11, 2024. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
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.
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.