Cogen Jack D 4
Research Summary
AI-generated summary
CoreWeave (CRWV) Director Jack D. Cogen Sells 742,307 Shares
What Happened
Jack D. Cogen, a director of CoreWeave, executed multiple open-market sales on May 27–28, 2026, disposing of a total of 742,307 shares for total gross proceeds of approximately $78.67 million. The filing lists five grouped transactions with reported weighted-average prices: 100,000 shares at $103.77 ($10.38M), 342,578 at $105.27 ($36.06M), 15,884 at $106.53 ($1.69M), 180,608 at $107.22 ($19.37M), and 103,237 at $108.20 ($11.17M). These are sales (transaction code S), not purchases.
Key Details
- Transaction dates: May 27, 2026 (100,000 shares) and May 28, 2026 (remaining 642,307 shares).
- Reported proceeds: ~ $78,668,181 total.
- Reported prices are weighted averages; the filing’s footnotes indicate the shares were sold in multiple trades at price ranges roughly spanning ~$103.50 to ~$109.10 across the groups. (The filing offers per-group price ranges in footnotes.)
- Many of the reported securities are held in trusts and LLCs connected to Cogen (e.g., family trusts and tree-named LLCs) where he serves as trustee or manager and/or his spouse/daughter are beneficiaries; the filing includes disclaimers about beneficial ownership (see footnotes).
- No 10b5-1 trading plan or sale-late flag is noted in the provided summary; the Form 4 was filed May 29, 2026, which is within the normal 2-business-day reporting window for these May 27–28 transactions (i.e., timely).
- Transaction type: Sale (S).
Context
- Sales by insiders can be for many reasons (liquidity, estate-planning, diversification) and do not by themselves signal management’s view of the company; purchases are generally considered more informative about insider sentiment.
- Because many shares were held in trusts/LLCs managed by or benefiting family members, the filing includes customary disclaimers limiting claimed beneficial ownership except to any pecuniary interest.
- If you want the exact per-trade prices within the weighted-average ranges, the filer states they will provide that breakdown to the company, shareholders, or the SEC staff upon request.