Baker Jeff 4

What Happened Jeff Baker, Principal Accounting Officer of CoreWeave (CRWV), sold 6,760 shares in an open-market transaction on April 29, 2026 at $107.87 per share, for total proceeds of $729,201. On the same date he also had two derivative conversions recorded (12,500 and 12,500 units), representing conversion of restricted stock units (RSUs) into shares—12,500 shares were reported as acquired and 12,500 as disposed in connection with those conversions.

Key Details

• Transaction date: April 29, 2026; filing date: May 1, 2026 (filed within the typical 2-business-day Form 4 window).
• Open-market sale: 6,760 shares at $107.87 / share = $729,201 total.
• Derivative conversions (Code M): two entries of 12,500 RSUs each (one resulting in shares acquired, one resulting in shares disposed), totaling 25,000 RSUs converted.
• Shares owned after the transaction: not specified in this filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to one share upon settlement.
  • F2: Vesting schedule — 1/4 vested on July 29, 2025; then 1/16 vests quarterly (29th of Oct/Jan/Apr/Jul) subject to continued service.
  • F3: These RSUs do not expire; they either vest or are cancelled before vesting.
• Transaction codes: S = sale; M = exercise/conversion of a derivative (here, RSU settlement/disposition). The filing does not state the reason for the disposals.

Context The filing shows an officer converting RSUs and selling a portion of shares on the same day. Conversions of RSUs are a vesting/settlement event (not a market purchase) and same-day disposals often reflect settlement obligations (e.g., tax withholding) or liquidity needs; the filing itself does not provide the reason. This is an insider sale transaction, which is commonly routine and not by itself a definitive signal of company outlook.