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|4Feb 12, 4:45 PM ET

HUTCHINS GLENN H 4

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CoreWeave (CRWV) Director Glenn H. Hutchins Exercises 2,000 RSUs

What Happened
Glenn H. Hutchins, a director of CoreWeave, reported exercising/converting a total of 2,000 derivative awards (1,460 and 540 units) on February 10, 2026. The Form 4 shows both acquisition (conversion) and corresponding disposition entries for those derivative securities. No per-share price or total dollar value was reported (price listed as N/A).

Key Details

  • Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (appears timely).
  • Transaction type/code: M — exercise or conversion of derivative (restricted stock units per filing footnotes).
  • Shares involved: 1,460 and 540 units, total 2,000 RSUs converted/disposed.
  • Price/value: Not reported (N/A) on the Form 4 entries.
  • Shares owned after transaction: Not stated in the excerpt provided.
  • Footnotes of note:
    • F1: Each RSU = contingent right to one share of Class A common stock upon settlement.
    • F2/F3: Reported securities are directly held by entities (North Island Inferno Fund II LLC and Tide Mill LLC); Hutchins serves in managerial roles for those entities and disclaims direct beneficial ownership except to the extent of any pecuniary interest.
    • F4/F6/F5: The filing includes vesting schedules (some awards vest 1/12 on specified calendar dates; others vest 1/4) and states these RSUs do not expire; first tranche vested May 10, 2025.

Context

  • Code M indicates exercise or conversion of a derivative — here, the filing treats the awards as RSUs that converted to shares. The matching acquisition and disposition entries often reflect settlement and immediate transfer or disposition of the converted interest, but no sale price or cash proceeds are reported in this filing.
  • Because the securities are reported as held by investment entities (per F2/F3) and Hutchins disclaims beneficial ownership except for any pecuniary interest, these transactions reflect movements by those entities rather than a straightforward personal buy/sell by the director.
  • No 10b5-1 plan, tax withholding, or late-filing flag is indicated in the provided excerpt.