CoreWeave insider Intrator files Form 4 showing large Omnadora sale and Class B conversions
Rhea-AI Filing Summary
Michael N. Intrator, CEO, President, Director and >10% owner of CoreWeave, Inc. (CRWV), reported Form 4 transactions on 08/15/2025. The filing shows an acquisition of 50,000 shares of Class A common stock and a corresponding conversion of 50,000 Class B shares into 50,000 Class A shares. The filing also reports a disposition of 7,185,785 Class A shares held directly by Omnadora Capital LLC. Post-transaction beneficial holdings disclosed include Omnadora: 25,599,280 Class A shares; spouse: 365,200; Silver Thimble Resulting Trust: 7,240; PMI 2024 F&F GRAT: 30,000; Intrator Family Trust: 2,290,320; Intrator Family GST-Exempt Trust: 4,576,000. Explanations clarify conversion rights of Class B shares and the reporting person’s managerial/beneficial relationships to entities and trusts listed.
Positive
- Conversion mechanics disclosed: The filing clearly explains that each Class B share converts into one Class A share and lists conversions performed.
- Detailed beneficial ownership breakdown: Post-transaction holdings for Omnadora, spouse, and multiple trusts are reported with exact share counts.
Negative
- Large disposition by affiliated vehicle: Omnadora Capital LLC reported a 7,185,785-share disposal, a material reduction in that entity's direct holdings.
- No transaction rationale or price provided: The filing does not state the reason for the large disposition or include pricing details, limiting interpretation of its impact.
Insights
TL;DR: Large disposition by an affiliated entity signals a material insider change in ownership; conversion activity is routine.
The filing documents a substantial 7,185,785-share disposition by Omnadora Capital LLC, an entity for which Mr. Intrator is the sole manager of its manager. That disposal materially reduces direct holdings at the Omnadora level while separate conversions of Class B to Class A and a 50,000-share acquisition are recorded. The filing appropriately discloses indirect holdings through spouse and multiple trusts and explains the conversion mechanics for Class B shares. From a governance perspective, the form clarifies control relationships but the filing does not state reasons for the large disposition, which is relevant for stakeholder analysis.
TL;DR: Reported trades include a small acquisition and a sizable disposal by an affiliated vehicle, creating notable net change in affiliated holdings.
The transaction set on 08/15/2025 shows a 50,000-share acquisition and conversion of an equal number of Class B shares into Class A shares, offset by a 7,185,785-share disposition by Omnadora. Post-transaction beneficial positions across affiliated entities and family trusts are disclosed with exact share counts. These numbers matter for float and insider concentration analysis; however, the Form 4 contains no price or transaction rationale, so valuation impact cannot be assessed from this filing alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| 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 A Common Stock | -- | -- | -- |
Footnotes (1)
- 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.
FAQ
What did Michael N. Intrator report on the Form 4 for CRWV?
What is Michael Intrator's relationship to CoreWeave (CRWV)?
Are family trusts and spouse holdings disclosed in the Form 4?
