What did Magnetar-related entities report in the CoreWeave (CRWV) Form 4?

Magnetar-managed entities reported settling variable pre-paid forward sale contracts linked to CoreWeave Class A stock. On June 22, 2026, they delivered all pledged shares to a third-party counterparty under the contract’s formula-based settlement terms.

Magnetar funds settle CoreWeave (CRWV) variable prepaid forward contracts

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CoreWeave, Inc. major shareholder Magnetar-related funds settled variable pre-paid forward sale contracts tied to its Class A common stock. The contracts, entered on October 9, 2025, obligated an entity to deliver up to pledged shares on June 22, 2026 while retaining voting and dividend rights during the pledge.

The settlement formula used a Floor Price of $120.00, a Cap Price of $195.00 and a Nasdaq Settlement Price of $117.95 on June 18, 2026. Footnotes state the entity transferred all of the pledged shares to a third-party counterparty at settlement.

The securities are held directly by multiple Magnetar-managed vehicles such as CW Opportunity 2 LP, CW Opportunity LLC and various Magnetar funds, with Magnetar Financial LLC as investment adviser and Magnetar Capital Partners LP and Supernova Management LLC in the ownership chain. Magnetar entities and David J. Snyderman disclaim beneficial ownership except to the extent of their pecuniary interests. The Form 4 classifies these as “other” restructuring transactions rather than open-market buys or sells.

Insights

Magnetar funds settled a stock-linked forward, delivering pledged CoreWeave shares to a counterparty in a structured, non‑market transaction.

The disclosure shows Magnetar-managed funds using a variable pre-paid forward sale contract on CoreWeave Class A stock. This structure lets an investor pre-arrange future share delivery under a formula tied to a Floor Price of $120.00, a Cap Price of $195.00 and a Settlement Price of $117.95 on June 18, 2026.

Footnotes state the entity transferred all pledged shares to the third-party counterparty on the June 22, 2026 settlement date. These are coded as J transactions, categorized as restructuring rather than open-market buying or selling, which typically carries weaker signaling value for CoreWeave’s fundamentals.

The shares are held directly by various Magnetar funds, with Magnetar Financial as adviser and higher-tier entities in the ownership chain. Each Magnetar entity and David J. Snyderman disclaim beneficial ownership beyond their pecuniary interests, indicating this reflects fund-level portfolio activity rather than a personal directional bet.

Insider Trade Summary

25 transactions reported

Mixed 25 txns

Insider Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, Snyderman David J.

Role null | null | null | null

Type	Security	Shares	Price	Value
Other	Forward sale contract (obligation to sell)	12,149	$0.00	--
Other	Forward sale contract (obligation to sell)	55,200	$0.00	--
Other	Forward sale contract (obligation to sell)	7,237	$0.00	--
Other	Forward sale contract (obligation to sell)	748	$0.00	--
Other	Forward sale contract (obligation to sell)	16,132	$0.00	--
Other	Forward sale contract (obligation to sell)	22,148	$0.00	--
Other	Forward sale contract (obligation to sell)	27,762	$0.00	--
Other	Forward sale contract (obligation to sell)	6,273	$0.00	--
Other	Forward sale contract (obligation to sell)	23,616	$0.00	--
Other	Forward sale contract (obligation to sell)	14,554	$0.00	--
Other	Forward sale contract (obligation to sell)	11,725	$0.00	--
Other	Forward sale contract (obligation to sell)	2,456	$0.00	--
Other	Class A Common Stock	12,149	$0.00	--
Other	Class A Common Stock	55,200	$0.00	--
Other	Class A Common Stock	7,237	$0.00	--
Other	Class A Common Stock	748	$0.00	--
Other	Class A Common Stock	16,132	$0.00	--
Other	Class A Common Stock	22,148	$0.00	--
Other	Class A Common Stock	27,762	$0.00	--
Other	Class A Common Stock	6,273	$0.00	--
Other	Class A Common Stock	23,616	$0.00	--
Other	Class A Common Stock	14,554	$0.00	--
Other	Class A Common Stock	11,725	$0.00	--
Other	Class A Common Stock	2,456	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Forward sale contract (obligation to sell) — 0 shares (Indirect, Footnotes); Class A Common Stock — 4,090,655 shares (Indirect, Footnotes)

Footnotes (1)

On June 22, 2026, the entity holding the indicated number of shares of Class A common stock (the "Common Stock") of CoreWeave Inc. (the "Issuer") settled a variable pre-paid forward sale contract that was entered into October 9, 2025 with a third party counterparty. The contract obligated the entity to deliver to the counterparty up to the indicated number of shares on June 22, 2026 (the "Settlement Date"). The entity pledged the indicated number of shares, as reported in Column 5 (the "Pledged Shares"), to the counterparty to secure its obligations under the contract and retained voting and dividend rights in the Pledged Securities during the term of the pledge. The contract provided that the number of shares deliverable to the counterparty on the Settlement Date was to be determined as follows: (a) if the price at the Nasdaq closing time on June 18, 2026 (the "Settlement Price") was less than or equal to $120.00 (the "Floor Price"), the entity would deliver all Pledged Shares; (b) if the Settlement Price was between the Floor Price and $195.00 (the "Cap Price"), the entity would deliver a number of shares equal to the number of Pledged Shares multiplied by the Floor Price and divided by the Settlement Price; and (c) if the Settlement Price was greater than the Cap Price, the entity would deliver a number of shares equal to (i) the number of Pledged Shares multiplied by the sum of the Floor Price and the difference between the Settlement Price and the Cap Price divided by (ii) the Settlement Price. On June 18, 2026, the Settlement Price was $117.95. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity 2 LP, CW Opportunity LLC, Longhorn Special Opportunities Fund LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, and Purpose Alternative Credit Fund - T LLC, the general partner of Magnetar Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund (They are not separate legal entities) and the manager of Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund 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 administrative 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 CW Opportunity 2 LP. These securities are held directly by CW Opportunity LLC. These securities are held directly by Magnetar Alpha Star Fund LLC. These securities are held directly by Magnetar Capital Master Fund, Ltd. These securities are held directly by Magnetar Constellation Master Fund, Ltd. These securities are held directly by Magnetar Lake Credit Fund LLC. These securities are held directly by Magnetar Longhorn Fund LP. These securities are held directly by Magnetar SC Fund Ltd. These securities are held directly by Magnetar Structured Credit Fund, LP, DBA Magnetar Constellation Onshore Fund. They are not separate legal entities. These securities are held directly by Magnetar Xing He Master Fund Ltd. 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 Longhorn Special Opportunities Fund LP. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares. The entity transferred to the third party counterparty all of the Pledged Shares.

Key Figures

Restructuring share amount: 400,000 shares Floor Price: $120.00 per share Cap Price: $195.00 per share +1 more

4 metrics

Restructuring share amount 400,000 shares shares involved in variable pre-paid forward restructuring transactions

Floor Price $120.00 per share price threshold in the forward contract settlement formula

Cap Price $195.00 per share upper price level in the forward contract formula

Settlement Price $117.95 per share Nasdaq closing price on June 18, 2026 used in the formula

Key Terms

variable pre-paid forward sale contract, Pledged Shares, Floor Price, Cap Price, +1 more

5 terms

variable pre-paid forward sale contract financial

"settled a variable pre-paid forward sale contract that was entered into October 9, 2025"

Pledged Shares financial

"The entity pledged the indicated number of shares, as reported in Column 5 (the "Pledged Shares")"

Floor Price financial

"if the price at the Nasdaq closing time on June 18, 2026 was less than or equal to $120.00 (the "Floor Price")"

The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.

Cap Price financial

"if the Settlement Price was between the Floor Price and $195.00 (the "Cap Price")"

Settlement Price financial

"On June 18, 2026, the Settlement Price was $117.95."

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Form 4 Insider Transactions: What Each Field Means →

06/23/2026 - 08:09 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Magnetar Financial LLC

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE

13TH FLOOR

(Street)

EVANSTON

ILLINOIS

60201

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CoreWeave, Inc. [ CRWV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/22/2026		J/K		12,149	D	⁽¹⁾⁽²⁾⁽¹⁹⁾	4,090,655	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾
Class A Common Stock	06/22/2026		J/K		55,200	D	⁽¹⁾⁽²⁾⁽²⁰⁾	17,611,350	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁷⁾
Class A Common Stock	06/22/2026		J/K		7,237	D	⁽¹⁾⁽²⁾⁽²¹⁾	1,017,487	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁸⁾
Class A Common Stock	06/22/2026		J/K		748	D	⁽¹⁾⁽²⁾⁽²²⁾	238,671	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁹⁾
Class A Common Stock	06/22/2026		J/K		16,132	D	⁽¹⁾⁽²⁾⁽²³⁾	3,689,514	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁰⁾
Class A Common Stock	06/22/2026		J/K		22,148	D	⁽¹⁾⁽²⁾⁽²⁴⁾	4,515,730	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹¹⁾
Class A Common Stock	06/22/2026		J/K		27,762	D	⁽¹⁾⁽²⁾⁽²⁵⁾	6,640,644	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹²⁾
Class A Common Stock	06/22/2026		J/K		6,273	D	⁽¹⁾⁽²⁾⁽²⁶⁾	843,166	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹³⁾
Class A Common Stock	06/22/2026		J/K		23,616	D	⁽¹⁾⁽²⁾⁽²⁷⁾	6,805,704	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁴⁾
Class A Common Stock	06/22/2026		J/K		14,554	D	⁽¹⁾⁽²⁾⁽²⁸⁾	2,061,121	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁵⁾
Class A Common Stock	06/22/2026		J/K		11,725	D	⁽¹⁾⁽²⁾⁽²⁹⁾	2,040,338	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁶⁾
Class A Common Stock	06/22/2026		J/K		2,456	D	⁽¹⁾⁽²⁾⁽³⁰⁾	662,265	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁷⁾
Class A Common Stock								1,973,782	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁸⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽¹⁹⁾	06/22/2026		J/K			12,149	⁽¹⁾⁽²⁾⁽¹⁹⁾	⁽¹⁾⁽²⁾⁽¹⁹⁾	Class A Common Stock	12,149	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²⁰⁾	06/22/2026		J/K			55,200	⁽¹⁾⁽²⁾⁽²⁰⁾	⁽¹⁾⁽²⁾⁽²⁰⁾	Class A Common Stock	55,200	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁷⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²¹⁾	06/22/2026		J/K			7,237	⁽¹⁾⁽²⁾⁽²¹⁾	⁽¹⁾⁽²⁾⁽²¹⁾	Class A Common Stock	7,237	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁸⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²²⁾	06/22/2026		J/K			748	⁽¹⁾⁽²⁾⁽²²⁾	⁽¹⁾⁽²⁾⁽²²⁾	Class A Common Stock	748	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁹⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²³⁾	06/22/2026		J/K			16,132	⁽¹⁾⁽²⁾⁽²³⁾	⁽¹⁾⁽²⁾⁽²³⁾	Class A Common Stock	16,132	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁰⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²⁴⁾	06/22/2026		J/K			22,148	⁽¹⁾⁽²⁾⁽²⁴⁾	⁽¹⁾⁽²⁾⁽²⁴⁾	Class A Common Stock	22,148	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹¹⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²⁵⁾	06/22/2026		J/K			27,762	⁽¹⁾⁽²⁾⁽²⁵⁾	⁽¹⁾⁽²⁾⁽²⁵⁾	Class A Common Stock	27,762	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹²⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²⁶⁾	06/22/2026		J/K			6,273	⁽¹⁾⁽²⁾⁽²⁶⁾	⁽¹⁾⁽²⁾⁽²⁶⁾	Class A Common Stock	6,273	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹³⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²⁷⁾	06/22/2026		J/K			23,616	⁽¹⁾⁽²⁾⁽²⁷⁾	⁽¹⁾⁽²⁾⁽²⁷⁾	Class A Common Stock	23,616	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁴⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²⁸⁾	06/22/2026		J/K			14,554	⁽¹⁾⁽²⁾⁽²⁸⁾	⁽¹⁾⁽²⁾⁽²⁸⁾	Class A Common Stock	14,554	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁵⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽²⁹⁾	06/22/2026		J/K			11,725	⁽¹⁾⁽²⁾⁽²⁹⁾	⁽¹⁾⁽²⁾⁽²⁹⁾	Class A Common Stock	11,725	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁶⁾
Forward sale contract (obligation to sell)	⁽¹⁾⁽²⁾⁽³⁰⁾	06/22/2026		J/K			2,456	⁽¹⁾⁽²⁾⁽³⁰⁾	⁽¹⁾⁽²⁾⁽³⁰⁾	Class A Common Stock	2,456	$0	0	I	Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾⁽¹⁷⁾

1. Name and Address of Reporting Person^*

Magnetar Financial LLC

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE

13TH FLOOR

(Street)

EVANSTON

ILLINOIS

60201

(City)

(State)

(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Magnetar Capital Partners LP

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE

13TH FLOOR

(Street)

EVANSTON

ILLINOIS

60201

(City)

(State)

(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Supernova Management LLC

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE

13TH FLOOR

(Street)

EVANSTON

ILLINOIS

60201

(City)

(State)

(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Snyderman David J.

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE

13TH FLOOR

(Street)

EVANSTON

ILLINOIS

60201

(City)

(State)

(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. On June 22, 2026, the entity holding the indicated number of shares of Class A common stock (the "Common Stock") of CoreWeave Inc. (the "Issuer") settled a variable pre-paid forward sale contract that was entered into October 9, 2025 with a third party counterparty. The contract obligated the entity to deliver to the counterparty up to the indicated number of shares on June 22, 2026 (the "Settlement Date"). The entity pledged the indicated number of shares, as reported in Column 5 (the "Pledged Shares"), to the counterparty to secure its obligations under the contract and retained voting and dividend rights in the Pledged Securities during the term of the pledge.

2. The contract provided that the number of shares deliverable to the counterparty on the Settlement Date was to be determined as follows: (a) if the price at the Nasdaq closing time on June 18, 2026 (the "Settlement Price") was less than or equal to $120.00 (the "Floor Price"), the entity would deliver all Pledged Shares; (b) if the Settlement Price was between the Floor Price and $195.00 (the "Cap Price"), the entity would deliver a number of shares equal to the number of Pledged Shares multiplied by the Floor Price and divided by the Settlement Price; and (c) if the Settlement Price was greater than the Cap Price, the entity would deliver a number of shares equal to (i) the number of Pledged Shares multiplied by the sum of the Floor Price and the difference between the Settlement Price and the Cap Price divided by (ii) the Settlement Price. On June 18, 2026, the Settlement Price was $117.95.

3. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity 2 LP, CW Opportunity LLC, Longhorn Special Opportunities Fund LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, and Purpose Alternative Credit Fund - T LLC, the general partner of Magnetar Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund (They are not separate legal entities) and the manager of Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC (collectively, the "Magnetar Funds").

4. 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 administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America.

5. 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.

6. These securities are held directly by CW Opportunity 2 LP.

7. These securities are held directly by CW Opportunity LLC.

8. These securities are held directly by Magnetar Alpha Star Fund LLC.

9. These securities are held directly by Magnetar Capital Master Fund, Ltd.

10. These securities are held directly by Magnetar Constellation Master Fund, Ltd.

11. These securities are held directly by Magnetar Lake Credit Fund LLC.

12. These securities are held directly by Magnetar Longhorn Fund LP.

13. These securities are held directly by Magnetar SC Fund Ltd.

14. These securities are held directly by Magnetar Structured Credit Fund, LP, DBA Magnetar Constellation Onshore Fund. They are not separate legal entities.

15. These securities are held directly by Magnetar Xing He Master Fund Ltd.

16. These securities are held directly by Purpose Alternative Credit Fund - F LLC.

17. These securities are held directly by Purpose Alternative Credit Fund - T LLC.

18. These securities are held directly by Longhorn Special Opportunities Fund LP.

19. The entity transferred to the third party counterparty all of the Pledged Shares.

20. The entity transferred to the third party counterparty all of the Pledged Shares.

21. The entity transferred to the third party counterparty all of the Pledged Shares.

22. The entity transferred to the third party counterparty all of the Pledged Shares.

23. The entity transferred to the third party counterparty all of the Pledged Shares.

24. The entity transferred to the third party counterparty all of the Pledged Shares.

25. The entity transferred to the third party counterparty all of the Pledged Shares.

26. The entity transferred to the third party counterparty all of the Pledged Shares.

27. The entity transferred to the third party counterparty all of the Pledged Shares.

28. The entity transferred to the third party counterparty all of the Pledged Shares.

29. The entity transferred to the third party counterparty all of the Pledged Shares.

30. The entity transferred to the third party counterparty all of the Pledged Shares.

	/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Administrative Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP, which is in turn the Sole Member of Magnetar Financial LLC	06/23/2026
	/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Administrative Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP	06/23/2026
	/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Administrative Manager of Supernova Management LLC	06/23/2026
	/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman	06/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

How did the variable pre-paid forward on CoreWeave (CRWV) shares determine delivery?

Delivery depended on CoreWeave’s Nasdaq closing price on June 18, 2026. The formula referenced a Floor Price of $120.00, a Cap Price of $195.00 and a measured Settlement Price of $117.95, which together dictated how many pledged shares the entity had to transfer.

Were the CoreWeave (CRWV) transactions open-market buys or sells?

No, the Form 4 classifies them as code J “other” transactions. They reflect settlement of variable pre-paid forward sale contracts and transfer of pledged shares to a counterparty, rather than discretionary open-market purchases or sales of CoreWeave stock.

Who actually holds the CoreWeave (CRWV) shares referenced in the Magnetar filing?

The shares are held directly by various Magnetar-managed vehicles, including CW Opportunity 2 LP, CW Opportunity LLC and multiple Magnetar funds. Magnetar Financial LLC advises these funds, while upstream Magnetar entities and David J. Snyderman are in the ownership chain.

Do Magnetar and David J. Snyderman claim full beneficial ownership of these CoreWeave (CRWV) shares?

No, the filing states each Magnetar fund, Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaim beneficial ownership. They recognize only their pecuniary interest in the CoreWeave shares held by the underlying funds.

What is the significance of the Floor Price and Cap Price in the CoreWeave (CRWV) forward contracts?

The Floor Price of $120.00 and Cap Price of $195.00 set key thresholds in the settlement formula. Depending on CoreWeave’s Settlement Price relative to those levels, the number of pledged shares delivered to the counterparty on June 22, 2026 changed accordingly.

Magnetar funds settle CoreWeave (CRWV) variable prepaid forward contracts

Rhea-AI Filing Summary

Positive

Negative