CRWV Form 4: Intrator sells tranches, discloses weighted average prices
Rhea-AI Filing Summary
Insider sales under a Rule 10b5-1 plan reduced the reporting person’s direct stake in CoreWeave. The Form 4 shows Michael N. Intrator — listed as CEO, President, Director and a 10% owner — sold multiple blocks of Class A common stock on 10/07/2025 and 10/08/2025 under a trading plan adopted on 5/23/2025. Sales reported on 10/07/2025 and 10/08/2025 reduced his direct holdings from prior levels to 7,055,965 shares of Class A stock following the last reported sale.
The filing also reports a 50,000 share acquisition of Class A stock on 10/08/2025 and discloses extensive indirect holdings through entities and trusts (Omnadora Capital LLC and several family trusts), with convertible Class B shares representing additional economic interest. Footnotes state the prices are weighted averages across tranches, with per‑share prices reported in the range of $126.73 to $140.65.
Positive
- Transactions executed under a Rule 10b5-1 plan, which provides an affirmative defense when conditions are met
- Full disclosure of weighted average prices and price ranges for each tranche, increasing transparency
- Post‑trade direct holdings quantified as 7,055,965 Class A shares, allowing clear tracking
Negative
- Multiple near‑term sales by a senior insider reduced direct holdings, which some investors may read as increased liquidity needs
- Form 4 is split across parts; this filing is Part 1 of 2, so cumulative changes are not fully shown here
Insights
Sales were structured under a 10b5-1 plan and reflect routine insider liquidity rather than an ad hoc trade.
The Form 4 explicitly states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on 5/23/2025, which creates an affirmative defense to claims of trading on material nonpublic information when conditions of the plan are met. The filing lists multiple discrete sale blocks on 10/07/2025 and 10/08/2025 with weighted average prices disclosed.
Remain attentive to follow‑up filings that complete Part 2 of this Form 4 and any scheduled disclosures that would show changes in board or executive status; those would be reported separately.
Insider sold roughly small-to-moderate blocks across price bands from $126.73 to $140.65, modestly trimming direct Class A holdings to 7,055,965 shares.
The detailed table shows many individual sale blocks (e.g., 50,000 shares credited as an acquisition for indirect Omnadora holdings and multiple direct sales reducing direct ownership). The filing quantifies the post‑transaction direct Class A balance as 7,055,965 shares and lists sizeable indirect economic exposure through conversion of Class B shares and family entities.
Market participants can compare the reported weighted average prices to contemporaneous market prices to judge execution relative to market; any material change to total beneficial ownership will appear in subsequent Section 16 filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 1,417 | $132.0861 | $187K |
| Sale | Class A Common Stock | 3,350 | $133.0489 | $446K |
| Sale | Class A Common Stock | 2,468 | $133.9942 | $331K |
| Sale | Class A Common Stock | 3,564 | $135.0714 | $481K |
| Sale | Class A Common Stock | 5,824 | $135.9584 | $792K |
| Sale | Class A Common Stock | 1,149 | $137.073 | $157K |
| Sale | Class A Common Stock | 4,834 | $138.0959 | $668K |
| Sale | Class A Common Stock | 3,034 | $139.1179 | $422K |
| Sale | Class A Common Stock | 6,658 | $139.8771 | $931K |
| Sale | Class A Common Stock | 157 | $140.6201 | $22K |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 2,183 | $132.0861 | $288K |
| Sale | Class A Common Stock | 5,161 | $133.049 | $687K |
| Sale | Class A Common Stock | 3,802 | $133.9942 | $509K |
| Sale | Class A Common Stock | 5,490 | $135.0713 | $742K |
| Sale | Class A Common Stock | 8,972 | $135.9583 | $1.22M |
| Sale | Class A Common Stock | 1,770 | $137.0724 | $243K |
| Sale | Class A Common Stock | 7,448 | $138.0958 | $1.03M |
| Sale | Class A Common Stock | 2,300 | $127.2274 | $293K |
| Sale | Class A Common Stock | 4,020 | $128.2255 | $515K |
| Sale | Class A Common Stock | 24,917 | $129.2739 | $3.22M |
| Sale | Class A Common Stock | 9,144 | $130.1584 | $1.19M |
| Sale | Class A Common Stock | 1,100 | $131.3264 | $144K |
| Sale | Class A Common Stock | 1,600 | $132.137 | $211K |
| Sale | Class A Common Stock | 700 | $133.3143 | $93K |
| Sale | Class A Common Stock | 700 | $134.3214 | $94K |
| Sale | Class A Common Stock | 3,411 | $135.5178 | $462K |
| Sale | Class A Common Stock | 7,482 | $136.3643 | $1.02M |
| Sale | Class A Common Stock | 5,427 | $137.4503 | $746K |
| Sale | Class A Common Stock | 1,009 | $138.1102 | $139K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 23, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.73 to $127.71, inclusive. The reporting person undertakes to provide to 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 3 through 23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.73 to $128.68, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.73 to $129.72, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.73 to $130.71, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.76 to $131.75, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.77 to $132.66, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.90 to $133.70, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.98 to $134.81, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.98 to $135.97, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.00 to $136.96, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.00 to $137.99, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.00 to $138.36, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.50 to $132.49, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.53 to $133.47, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.53 to $134.52, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.53 to $135.52, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.53 to $136.50, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.54 to $137.52, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.55 to $138.54, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.55 to $139.52, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.57 to $140.47, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.59 to $140.65, inclusive. Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation. The reported securities are directly held by Omnadora Capital LLC ("Omnadora"). The reporting person is the sole manager of Omnadora's manager, Omnadora Management LLC. In such capacity, the reporting person may be deemed to beneficially own securities directly held by Omnadora. The reporting person disclaims beneficial ownership for purposes of Section 16 of the Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein. The reported securities are directly held by the reporting person's spouse. The reported securities are directly held by the Silver Thimble Resulting Trust ("Silver Thimble"), an irrevocable trust with a third-party trustee, of which the reporting person's children are beneficiaries. Pursuant to its constitutive documents, investment discretion over its assets is exercised by its investment manager, Copper Thimble LLC, for which the reporting person serves as the manager. The reporting person also has the power to remove and replace Silver Thimble's trustee. The reported securities are directly held by the PMI 2024 F&F GRAT (the "PMI GRAT"). The reporting person is the sole beneficiary of the PMI GRAT and his spouse is trustee. The reported securities are directly held by the Intrator Family Trust, of which the reporting person's spouse and children are the beneficiaries and his spouse serves as co-trustee. The reported securities are directly held by the Intrator Family GST-Exempt Trust, of which the reporting person's spouse and children are the beneficiaries and his spouse serves as co-trustee.