Jain Sachin 4

What Happened
Sachin Jain, Chief Operating Officer of CoreWeave, had 33,740 restricted stock units (RSUs) convert to shares on May 8, 2026. Following that settlement, he sold a total of 14,750 shares in two open-market transactions — 13,647 shares at $118.36 (proceeds $1,615,259) and 1,103 shares at $121.76 (proceeds $134,301) — totaling $1,749,560. The filing indicates the sales were made to satisfy tax-withholding obligations associated with the RSU settlement (a routine, administrative sale rather than a directional trade).

Key Details

• Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (filed within required timeframe).
• Sales: 13,647 shares @ $118.36 = $1,615,259; 1,103 shares @ $121.76 = $134,301; total proceeds ≈ $1,749,560.
• RSU conversion: 33,740 restricted stock units converted to shares (derivative exercise/conversion).
• Reason for sale: Footnote states shares were sold to satisfy tax withholding obligations (F2).
• Vesting info: Award vested 1/4 on Aug 8, 2025 and vests 1/16 on each Nov/Feb/May/Aug 8 thereafter, subject to continued service (F3). RSUs represent contingent right to one share upon settlement and do not expire (F1, F4).
• Shares owned after transaction: Not specified in the supplied filing data.

Context

• These transactions reflect a common cashless-type outcome when equity awards vest: RSUs converted to shares and some shares sold to cover taxes. Such sales are typically administrative and do not necessarily signal insider sentiment for buying or selling the company stock.