Baker Jeff 4

What Happened
Jeff Baker, CoreWeave's Principal Accounting Officer, had 30 restricted stock units (RSUs) convert to 30 shares on March 31, 2026, and sold 16 of those shares in an open-market transaction at $74.05 per share, generating $1,185. The conversion/settlement of the RSUs is reported as an exercise/conversion of a derivative; the sale was to satisfy tax withholding obligations.

Key Details

• Transaction date: 2026-03-31. Open-market sale: 16 shares @ $74.05 = $1,185.
• Conversion/settlement: 30 RSUs converted to 30 shares (recorded as derivative exercise/conversion).
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes: F1–F4 indicate these were RSUs (one RSU = one share on settlement), the sale was to satisfy tax withholding from RSU vesting, the award vests 1/4 on March 31, 2026 and then 1/16 each quarter thereafter, and RSUs do not expire.
• Filing: Form 4 filed 2026-04-02 for the March 31, 2026 report date (no late filing flagged).

Context
This was a routine RSU settlement with a partial sell-to-cover for taxes, not a discretionary market purchase or sale intended as a market view signal. The derivative entries reflect RSU settlement (conversion to shares); part of the shares were sold immediately to meet withholding requirements.