HUTCHINS GLENN H 4
4 · CoreWeave, Inc. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
CoreWeave (CRWV) Director Glenn Hutchins Exercises 1,440 RSUs
What Happened
Glenn H. Hutchins, a director of CoreWeave, converted (exercised/settled) 1,440 restricted stock units (RSUs) into 1,440 shares on May 10, 2026 and on the same date reported a disposition of 1,440 shares. The filing does not report a per‑share price or total dollar value for these transactions. Because the acquired and disposed share counts are identical, the net share change reported here is zero.
Key Details
- Transaction date: May 10, 2026; Form 4 filed May 12, 2026 (timely filing).
- Transaction type: Exercise/conversion of a derivative (code M) — RSUs converted to shares (acquired) and an equal number of shares disposed the same day.
- Shares: 1,440 acquired via conversion; 1,440 disposed. No price (N/A) or dollar value provided in the filing excerpt.
- Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post‑transaction holdings.
- Relevant footnotes from the filing:
- F1: Each RSU represents a contingent right to receive one share of Class A common stock upon settlement.
- F4: The award vests 1/12 on May 10, Aug, Nov, and Feb (first tranche vested May 10, 2025).
- F5: These RSUs do not expire; they either vest or are cancelled before vesting.
- F2/F3: Some reported securities are held by entities (North Island Inferno Fund II LLC and Tide Mill LLC); Hutchins serves in managerial roles and disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
For retail investors: converting RSUs into shares is an award settlement (not a market purchase). When a conversion/acquisition and a same‑day disposition are reported for the same number of shares, filings commonly reflect net settlement mechanics (for example, shares used to satisfy tax withholding or other settlement procedures), but the Form 4 here does not specify the reason. This transaction does not by itself indicate a bullish or bearish view by the insider; it documents the settlement of equity compensation. For full details (post‑transaction holdings, any tax withholding or sale reason), check the complete Form 4 filing.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-10+1,440→ 9,367 total - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5]2026-05-10−1,440→ 10,120 total→ Class A Common Stock (1,440 underlying)
- 10,640(indirect: By LLC)
Class A Common Stock
[F2] - 384,840(indirect: By LLC)
Class A Common Stock
[F3]
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- [F2]The reported securities are directly held by North Island Inferno Fund II LLC ("North Island Inferno"). The reporting person serves as investment manager for North Island Inferno and as such may be deemed to exercise shared voting and investment discretion over securities held by it. The reporting person disclaims beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), except to the extent of his pecuniary interest therein, if any.
- [F3]The reported securities are directly held by Tide Mill LLC ("Tide Mill"). The managing member of Tide Mill is North Island Management, LLC ("NIM"). The reporting person serves as chairman of NIM and may be deemed to directly or indirectly exercise voting and investment discretion over the investments of NIM and Tide Mill. The reporting person disclaims beneficial ownership for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any.
- [F4]The award vested or vests as to 1/12 of the total award on the tenth calendar day of May, August, November, and February, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on May 10, 2025.
- [F5]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.