HUTCHINS GLENN H 4
Research Summary
AI-generated summary
CoreWeave (CRWV) Director Glenn Hutchins Receives 67-Share Award
What Happened
- Glenn H. Hutchins, a director of CoreWeave, received an award of 67 shares of Class A common stock on 2026-04-20. The shares were issued as fully vested restricted stock units (RSUs) settled for shares in lieu of a cash board retainer at an effective price of $116.85 per share, for a total value of $7,829. This was an award/grant (transaction code A), not an open-market buy or sale.
Key Details
- Transaction date and price: 2026-04-20; 67 shares at $116.85 each (total $7,829).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote F1: The award represents fully vested RSUs settled for shares as payment for board services; number of shares was the cash comp for the prior quarter divided by the 30-day average closing price ending the day before the grant, rounded down.
- Footnotes F2 & F3: The filing also discloses that some CoreWeave securities are directly held by entities (North Island Inferno Fund II LLC and Tide Mill LLC) where Hutchins has managerial roles; he disclaims beneficial ownership of those entity-held securities except to the extent of any pecuniary interest.
- Filing timeliness: Transaction dated 2026-04-20; Form 4 filed 2026-04-22 — appears timely under Section 16 reporting rules.
Context
- This was a compensation-related equity award (RSUs settled to shares) paid instead of cash retainer; such awards are routine director compensation and do not by themselves indicate buying or selling sentiment.