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CoreWeave, Inc.·4

May 12, 5:07 PM ET

HUTCHINS GLENN H 4

Research Summary

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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.