Form 4: Magnetar entities report sizable CoreWeave (CRWV) stock sales
Rhea-AI Filing Summary
Magnetar-related entities reported multiple sales of CoreWeave, Inc. (CRWV) Class A common stock on 09/19/2025. The Form 4 shows a series of dispositions executed at weighted-average prices ranging from about $121.78 to $128.66 per share. The filing lists specific sale lots and remaining indirect beneficial ownership positions, including reported holdings of 4,107,731, 1,097,932, 1,064,159 and an aggregate reported indirect position of 9,202,863 shares. The reporting persons include Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman, who are identified as directors and 10% owners; footnotes state they disclaim beneficial ownership except for pecuniary interest and identify which fund holds each lot.
Positive
- Detailed disclosure of each sale lot with weighted-average prices and ranges is provided, enabling transparency for investors
- Clear ownership structure and appropriate footnote disclaimers identify the funds and reporting chain
Negative
- Significant insider sales by Magnetar-affiliated entities on 09/19/2025 may be perceived negatively by some investors
- Large blocks sold across multiple price points could exert near-term selling pressure on CRWV shares
Insights
TL;DR: Large insider sales by a 10% owner may affect market perception despite retained substantial indirect holdings.
The Form 4 documents multiple block sales by Magnetar-affiliated entities on 09/19/2025 at weighted-average prices between approximately $121.78 and $128.66. These disposals are broken into distinct lots across three funds with continuing indirect positions reported (notably figures of 4,107,731; 1,097,932; 1,064,159 and an aggregate indirect position of 9,202,863 shares). From an investor-relations perspective, materialized sales by large holders can create downward pressure or signal portfolio rebalancing, even though footnotes disclaim direct beneficial ownership beyond pecuniary interest. No derivative transactions or option exercises are reported in Table II.
TL;DR: Reporting chain is clear; filings attribute holdings to specific funds and include required disclaimers.
The filing names the reporting entities and explains ownership structure: Magnetar Financial advises the Magnetar Funds; Magnetar Capital Partners is the parent; Supernova Management is general partner; David J. Snyderman is manager. Footnotes properly disclose which fund directly holds each block and include the standard disclaimer of beneficial ownership except for pecuniary interest. Signatures and attorney-in-fact attestations are present. The disclosure appears procedurally complete for Section 16 reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,934 | $121.90 | $236K |
| Sale | Class A Common Stock | 21,987 | $124.67 | $2.74M |
| Sale | Class A Common Stock | 104,056 | $125.30 | $13.04M |
| Sale | Class A Common Stock | 19,058 | $126.60 | $2.41M |
| Sale | Class A Common Stock | 14,657 | $127.96 | $1.88M |
| Sale | Class A Common Stock | 1,466 | $128.66 | $189K |
| Sale | Class A Common Stock | 405 | $121.90 | $49K |
| Sale | Class A Common Stock | 4,605 | $124.67 | $574K |
| Sale | Class A Common Stock | 21,800 | $125.30 | $2.73M |
| Sale | Class A Common Stock | 3,991 | $126.60 | $505K |
| Sale | Class A Common Stock | 3,070 | $127.96 | $393K |
| Sale | Class A Common Stock | 307 | $128.66 | $39K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $121.78 to $122.03, inclusive. The reporting person undertakes to provide to CoreWeave, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes 2, 3, 4 and 5. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $124.00 to $124.95, inclusive. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $125.00 to $125.76, inclusive. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $126.00 to $126.98, inclusive. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $127.58 to $128.30, inclusive. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of Magnetar Longhorn Fund LP, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T 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 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 Purpose Alternative Credit Fund - F LLC. These securities are held directly by Purpose Alternative Credit Fund - T LLC. These securities are held directly by Magnetar Longhorn Fund LP.