Magnetar Financial LLC 4
4 · CoreWeave, Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
CoreWeave (CRWV) Magnetar Financial (10% Owner) Sells 200,000 Shares
What Happened
Magnetar Financial LLC (reported as a 10% owner through various Magnetar funds) disposed of a total of 200,000 shares of CoreWeave, Inc. (CRWV) on June 22, 2026. The disposals were the settlement of a variable prepaid forward contract entered October 8, 2025; because the June 18, 2026 settlement price ($117.95) was below the contract floor ($120.00), the entity delivered all pledged shares. The Form 4 reports these as "other acquisition or disposition (J)" and derivative-related disposals with $0 per-share price reported; using the $117.95 settlement price, the delivered shares equate to about $23.59 million in market value.
Key Details
- Transaction date: June 22, 2026 (settlement determined using June 18, 2026 Nasdaq close = $117.95).
- Shares transferred: 200,000 total (multiple lots documented across several Magnetar funds).
- Reported price on filing: $0.00 for the derivative entries (these reflect settlement of a variable prepaid forward, not an open-market sale).
- Approximate market value at settlement-price: 200,000 × $117.95 ≈ $23.59M.
- Who held the shares: held directly by various Magnetar funds (see filing footnotes — e.g., Magnetar Constellation Master Fund, Magnetar Lake Credit Fund, Magnetar Longhorn Fund, Magnetar SC Fund, others). Magnetar Financial serves as adviser to those funds and disclaims beneficial ownership except for any pecuniary interest.
- Relevant footnotes: contract entered 10/08/2025; number of shares deliverable was formula-based (floor/cap), and because settlement price ≤ floor the entity delivered all pledged shares; filing indicates the pledged shares were transferred to the counterparty.
- Filing date: Form 4 filed June 23, 2026 (timely per standard insider-reporting windows).
Context
This was a settlement of a derivative arrangement (variable prepaid forward), not a simple open-market sale by an executive. Variable prepaid forward settlements are contractual dispositions tied to prior financing/prepayment arrangements and are commonly used by large holders to monetize positions; they do not by themselves indicate insider sentiment about the company.
Insider Transaction Report
Form 4
CoreWeave, Inc.CRWV
Magnetar Financial LLC
10% Owner
Transactions
- OtherSwap
Class A Common Stock
[F1][F2][F19][F3][F4][F5][F6]2026-06-22−12,149→ 4,131,268 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F20][F3][F4][F5][F7]2026-06-22−55,200→ 17,795,883 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F21][F3][F4][F5][F8]2026-06-22−7,237→ 1,041,680 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F22][F3][F4][F5][F9]2026-06-22−748→ 241,172 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F23][F3][F4][F5][F10]2026-06-22−16,132→ 3,743,444 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F24][F3][F4][F5][F11]2026-06-22−22,148→ 4,589,771 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F25][F3][F4][F5][F12]2026-06-22−27,762→ 6,733,453 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F26][F3][F4][F5][F13]2026-06-22−6,273→ 864,136 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F27][F3][F4][F5][F14]2026-06-22−23,616→ 6,884,651 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F28][F3][F4][F5][F15]2026-06-22−14,554→ 2,109,776 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F29][F3][F4][F5][F16]2026-06-22−11,725→ 2,079,534 total(indirect: Footnotes) - OtherSwap
Class A Common Stock
[F1][F2][F30][F3][F4][F5][F17]2026-06-22−2,456→ 670,477 total(indirect: Footnotes) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F19][F3][F4][F5][F6]2026-06-22−12,149→ 0 total(indirect: Footnotes)→ Class A Common Stock (12,149 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F20][F3][F4][F5][F7]2026-06-22−55,200→ 0 total(indirect: Footnotes)→ Class A Common Stock (55,200 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F21][F3][F4][F5][F8]2026-06-22−7,237→ 0 total(indirect: Footnotes)→ Class A Common Stock (7,237 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F22][F3][F4][F5][F9]2026-06-22−748→ 0 total(indirect: Footnotes)→ Class A Common Stock (748 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F23][F3][F4][F5][F10]2026-06-22−16,132→ 0 total(indirect: Footnotes)→ Class A Common Stock (16,132 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F24][F3][F4][F5][F11]2026-06-22−22,148→ 0 total(indirect: Footnotes)→ Class A Common Stock (22,148 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F25][F3][F4][F5][F12]2026-06-22−27,762→ 0 total(indirect: Footnotes)→ Class A Common Stock (27,762 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F26][F3][F4][F5][F13]2026-06-22−6,273→ 0 total(indirect: Footnotes)→ Class A Common Stock (6,273 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F27][F3][F4][F5][F14]2026-06-22−23,616→ 0 total(indirect: Footnotes)→ Class A Common Stock (23,616 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F28][F3][F4][F5][F15]2026-06-22−14,554→ 0 total(indirect: Footnotes)→ Class A Common Stock (14,554 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F29][F3][F4][F5][F16]2026-06-22−11,725→ 0 total(indirect: Footnotes)→ Class A Common Stock (11,725 underlying) - OtherSwap
Forward sale contract (obligation to sell)
[F1][F2][F30][F3][F4][F5][F17]2026-06-22−2,456→ 0 total(indirect: Footnotes)→ Class A Common Stock (2,456 underlying)
Holdings
- 1,973,782(indirect: Footnotes)
Class A Common Stock
[F3][F4][F5][F18]
Footnotes (30)
- [F1]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 8, 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.
- [F10]These securities are held directly by Magnetar Constellation Master Fund, Ltd.
- [F11]These securities are held directly by Magnetar Lake Credit Fund LLC.
- [F12]These securities are held directly by Magnetar Longhorn Fund LP.
- [F13]These securities are held directly by Magnetar SC Fund Ltd.
- [F14]These securities are held directly by Magnetar Structured Credit Fund, LP, DBA Magnetar Constellation Onshore Fund. They are not separate legal entities.
- [F15]These securities are held directly by Magnetar Xing He Master Fund Ltd.
- [F16]These securities are held directly by Purpose Alternative Credit Fund - F LLC.
- [F17]These securities are held directly by Purpose Alternative Credit Fund - T LLC.
- [F18]These securities are held directly by Longhorn Special Opportunities Fund LP.
- [F19]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F2]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 $185.00 (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.
- [F20]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F21]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F22]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F23]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F24]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F25]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F26]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F27]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F28]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F29]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F3]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").
- [F30]The entity transferred to the third party counterparty all of the Pledged Shares.
- [F4]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.
- [F5]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.
- [F6]These securities are held directly by CW Opportunity 2 LP.
- [F7]These securities are held directly by CW Opportunity LLC.
- [F8]These securities are held directly by Magnetar Alpha Star Fund LLC.
- [F9]These securities are held directly by Magnetar Capital Master Fund, Ltd.