Baker Jeff 4

What Happened
Jeff Baker, Principal Accounting Officer of CoreWeave (CRWV), had restricted stock units vest and convert into shares on May 20, 2026, and sold 1,320 of those shares in an open-market transaction at $99.82 each for proceeds of $131,762. The filing shows two conversions/exercises of RSU awards (1,339 shares and 1,086 shares), and the reported sale was made to satisfy tax withholding obligations related to the vesting/settlement.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (within the typical 2-business-day reporting window).
• Open-market sale: 1,320 shares at $99.82 per share; total proceeds $131,762.
• Conversion/exercise entries: 1,339 shares and 1,086 shares were converted/settled (reported as derivative exercises).
• Shares owned after the transaction: not specified in the provided excerpt.
• Notable footnotes:
  • F1/F2 — These were restricted stock units (RSUs) that converted to Class A common stock on settlement; the sale represents shares sold to satisfy tax withholding on the vesting/settlement.
  • F3/F5 — Vesting schedule notes: first tranche vested May 20, 2026; subsequent vesting per the stated schedule.
  • F4 — These RSUs do not expire; they either vest or are cancelled prior to vesting.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); S = open-market sale. The sale appears to be a routine tax-withholding sale, not an independent discretionary sale.

Context

• This was essentially a settlement of RSUs with a portion sold to cover tax withholding (a common, administrative transaction). When RSUs vest and shares are sold immediately to cover taxes, it is typically not an indicator of directional insider sentiment.
• No indication in the filing that this was part of a 10b5-1 plan or a gift; the sale is explicitly tied to tax withholding.