CoreWeave (CRWV) officer exercises RSUs, sells shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. Principal Accounting Officer Jeff Baker exercised 30 restricted stock units into 30 shares of Class A Common Stock at an exercise price of $0.00 per share. The award vests over time, with a portion vesting on March 31, 2026 and additional vesting each quarter.
To cover tax withholding obligations from this vesting, 16 shares of Class A Common Stock were sold at $74.05 per share. After these transactions, Baker directly owns 36,789 shares of Class A Common Stock and holds 90 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16 shares ($1,185)
Net Sell
3 txns
Insider
Baker Jeff
Role
Principal Accounting Officer
Sold
16 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 30 | $0.00 | -- |
| Exercise | Class A Common Stock | 30 | $0.00 | -- |
| Sale | Class A Common Stock | 16 | $74.05 | $1K |
Holdings After Transaction:
Restricted Stock Units — 90 shares (Direct);
Class A Common Stock — 36,805 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The reported transaction represents shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting and settlement of restricted stock units. The award shall vest as to 1/4 of the total award on March 31, 2026, and thereafter shall vest as to 1/16 of the total award on the last calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 30 restricted stock units
Tax-related sale: 16 shares at $74.05/share
Shares held after transactions: 36,789 shares
+2 more
5 metrics
RSUs exercised
30 restricted stock units
Converted into 30 shares of Class A Common Stock
Tax-related sale
16 shares at $74.05/share
Shares sold to satisfy tax withholding obligations
Shares held after transactions
36,789 shares
Direct ownership of Class A Common Stock following Form 4
RSUs outstanding
90 restricted stock units
Total RSUs remaining after the reported exercise
Exercise price
$0.00 per share
Conversion of RSUs into Class A Common Stock
Key Terms
Restricted Stock Units, tax withholding obligations, vesting, Principal Accounting Officer, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares of Class A Common Stock ... sold to satisfy the reporting person's tax withholding obligations"
vesting financial
"incurred in connection with the vesting and settlement of restricted stock units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Principal Accounting Officer financial
"Baker Jeff ... officer_title: "Principal Accounting Officer""
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
settlement financial
"contingent right to receive one share ... upon settlement"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What insider transactions did CRWV Principal Accounting Officer Jeff Baker report?
Jeff Baker exercised 30 restricted stock units into 30 shares of CoreWeave Class A Common Stock, then sold 16 shares at $74.05 per share to cover tax withholding obligations tied to the vesting. These moves reflect routine compensation-related activity rather than a discretionary stock trade.
What is the vesting schedule for Jeff Baker’s CoreWeave restricted stock units?
The award vests as to one quarter of the total on March 31, 2026, then as to one sixteenth of the total on the last calendar day of June, September, December, and March. Vesting is conditioned on Baker’s continued service with CoreWeave on each vesting date.
Do Jeff Baker’s CoreWeave restricted stock units expire if unvested?
The restricted stock units do not have a traditional expiration date. Instead, they either vest on the scheduled vesting dates if service conditions are satisfied or are cancelled before vesting if those conditions are not met, as described in the award terms disclosed.