Cogen Jack D 4
Research Summary
AI-generated summary
CoreWeave Director Jack D. Cogen Sells 546,540 Shares
What Happened
Jack D. Cogen, a director of CoreWeave, sold a total of 546,540 Class A shares on May 26, 2026 in a series of open‑market or private sales. The disposals were reported at weighted average prices of $106.54, $107.43, $108.32 and $109.02 across different lots, producing aggregate proceeds of approximately $58,915,543. All reported transactions are sales (code S).
Key Details
- Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (timely — within the typical 2‑business‑day window).
- Shares sold: 546,540 total across multiple lots (breakdown in filing: 104,525 @ $106.54; 115,592 @ $107.43; 320,877 @ $108.32; 5,546 @ $109.02).
- Approximate proceeds: $58.9 million (sum of reported lot values).
- Price details: reported as weighted averages; underlying trade price ranges noted in footnotes (roughly $106.00 to $109.10 across lots).
- Holdings/ownership: many shares are held through trusts and entities (see footnotes F10–F20); Cogen is manager/trustee of several entities and some securities are held by his spouse or family trusts. He disclaims beneficial ownership of certain entity‑held shares except to the extent of any pecuniary interest (per footnote F2).
- Filing timeliness: Not marked late; filed two days after the trade date.
Context
- These were outright sales (not option exercises or awards). Sales by directors can be routine (diversification, estate planning, trust management) and do not by themselves indicate company outlook.
- Multiple entities and trusts were used to hold/sell the shares (detailed in the footnotes), which is common for executives/families.
- For full post‑transaction holdings and per‑price execution breakdowns, consult the complete Form 4 filing (Accession No. 0001769628-26-000253).