CoreWeave (CRWV) director-linked LLC sells 271,153 shares but keeps large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. director Jack D. Cogen reported indirect open‑market sales of Class A Common Stock through CW Holding 987 LLC. On May 29, 2026, entities associated with him sold a total of 271,153 shares in several transactions at weighted average prices of $106.2989, $107.1860, $108.2420 and $108.8225 per share. After these sales, CW Holding 987 LLC continued to hold 8,950,419 shares of Class A Common Stock indirectly associated with Cogen, and additional indirect holdings were reported across various family trusts and LLCs. Footnotes state that he disclaims beneficial ownership of certain securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director-related entity sold 271,153 CoreWeave shares while retaining a large indirect position.
The filing shows CW Holding 987 LLC, an entity managed by director Jack D. Cogen, selling 271,153 shares of CoreWeave Class A Common Stock on May 29, 2026. Sales occurred in multiple open‑market trades with weighted average prices just above $106 to roughly $109 per share.
Following these transactions, CW Holding 987 LLC still held 8,950,419 shares, and additional indirect positions were reported via several family trusts and LLCs. Footnotes clarify that Cogen disclaims beneficial ownership over some entities’ holdings except for any pecuniary interest, which means economic exposure but limited formal ownership claims.
The filing does not show any option exercises or derivative activity, and there is no reference to a pre‑arranged Rule 10b5‑1 trading plan in the excerpt. Overall, this appears as a notable but context‑limited open‑market sale by an affiliated entity, with the manager retaining a substantial indirect equity position after the trades.
Insider Trade Summary
Net Seller: 271,153 shares ($29,004,694)
Net Sell
14 txns
Insider
Cogen Jack D
Role
null
Sold
271,153 shs ($29.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 90,410 | $106.2989 | $9.61M |
| Sale | Class A Common Stock | 161,852 | $107.186 | $17.35M |
| Sale | Class A Common Stock | 16,923 | $108.242 | $1.83M |
| Sale | Class A Common Stock | 1,968 | $108.8225 | $214K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 8,950,419 shares (Indirect, CW Holding 987 LLC);
Class A Common Stock — 261,140 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.75 to $106.74, 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 filing. The reporting person disclaims beneficial ownership for purposes of Section 16 of the Exchange Act over securities held by the entity, except to the extent of his pecuniary interest therein, if any. The reported securities are directly held by CW Holding 987 LLC, of which the reporting person serves as manager. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.75 to $107.71, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.885 to $108.78, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.8050 to $108.88, inclusive. The reported securities are directly held by the Birch Tree Trust LLC, of which the reporting person is the manager. The reported securities are directly held by the reporting person's spouse. The reported securities are directly held by the Cherry Tree 2024 GRAT, of which the reporting person is trustee and his spouse is beneficiary. The reported securities are directly held by the Chestnut Tree Trust LLC, of which the reporting person is the manager. The reported securities are directly held by the Cogen Family Trust, dated December 17, 2012, of which the reporting person's spouse serves as co-trustee and of which his spouse and daughter are beneficiaries. The reported securities are directly held by the Jack D. Cogen 2020 Family Trust (the "2020 Trust"), an irrevocable trust with a third-party trustee. The reporting person's spouse and daughter are beneficiaries of the 2020 Trust and the reporting person has the power to remove and replace the trustee. The reported securities are directly held by the Maple Tree Trust LLC, of which the reporting person is the manager. The reported securities were directly held by Pine Tree Trust LLC, of which the reporting person serves as manager. The reported securities are directly held by the Willow Tree Trust LLC, of which the reporting person is the manager.
Key Figures
Shares sold: 271,153 shares
Post-sale holdings CW Holding 987 LLC: 8,950,419 shares
Sale price tranche 1: $106.2989 per share
+5 more
8 metrics
Shares sold
271,153 shares
Total Class A shares sold on May 29, 2026
Post-sale holdings CW Holding 987 LLC
8,950,419 shares
Indirect Class A Common Stock position after transactions
Sale price tranche 1
$106.2989 per share
Weighted average price for one group of sales
Sale price tranche 2
$107.1860 per share
Weighted average price for one group of sales
Sale price tranche 3
$108.2420 per share
Weighted average price for one group of sales
Sale price tranche 4
$108.8225 per share
Weighted average price for one group of sales
Cogen Family Trust holdings
1,200,000 shares
Indirect Class A shares in Cogen Family Trust dated December 17, 2012
Cherry Tree 2024 GRAT holdings
116,167 shares
Indirect Class A shares held by Cherry Tree 2024 GRAT
Key Terms
weighted average price, Section 16 of the Exchange Act, irrevocable trust, GRAT, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Section 16 of the Exchange Act regulatory
"The reporting person disclaims beneficial ownership for purposes of Section 16 of the Exchange Act"
irrevocable trust financial
"an irrevocable trust with a third-party trustee."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
GRAT financial
"The reported securities are directly held by the Cherry Tree 2024 GRAT"
beneficial ownership financial
"The reporting person disclaims beneficial ownership for purposes of Section 16"
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.
FAQ
What insider transaction did CoreWeave (CRWV) disclose for Jack D. Cogen?
CoreWeave disclosed that an entity managed by director Jack D. Cogen, CW Holding 987 LLC, sold 271,153 shares of Class A Common Stock on May 29, 2026 in open-market transactions at weighted average prices slightly above $106 to about $109 per share.
Were any derivative securities involved in Jack D. Cogen’s CoreWeave (CRWV) Form 4?
No derivative securities are listed in the provided excerpt. The transactions involve non-derivative Class A Common Stock, and the derivative summary in the structured data is empty, indicating no reported option exercises, warrant conversions, or similar derivative transactions in this particular filing.