Agrawal Nitin 4

What Happened

• Nitin Agrawal, Chief Financial Officer of CoreWeave, had 122,320 restricted stock units (RSUs) settle (reported as an exercise/conversion of a derivative, acquired at $0.00) on June 11, 2026. On the same day he sold shares in the open market — 63,170 shares at a reported $93.36 and 721 shares at $92.87 — generating combined proceeds of approximately $5,964,511.
• The filing shows the sales were to satisfy tax withholding obligations tied to the vesting/settlement of the RSUs, so these were routine tax-related sales rather than a discretionary cash sale.

Key Details

• Transaction date: 2026-06-11. Form filed: 2026-06-12 (appears timely).
• Shares acquired via settlement: 122,320 RSUs converted to shares (reported as M/exercise or conversion at $0.00).
• Shares sold: 63,170 @ $93.36 and 721 @ $92.87; total proceeds ≈ $5.96M. Footnote indicates sale prices ranged roughly $92.36–$92.88 (weighted-average reporting).
• Purpose of sale: tax withholding in connection with RSU vesting (Footnote F2).
• RSU details: each RSU equals one share on settlement (F1); vesting occurs ratably (approx. 1/16 on specified quarter-day schedule) beginning June 11, 2024 (F6); RSUs do not expire before vesting (F7).
• Some reported securities are held in Yellowstone 2025 and Yosemite 2025 GRAT trusts where the reporting person serves as trustee or beneficiary (F4, F5).
• Shares owned after the transactions are not specified in the provided excerpt.

Context

• The "M" transaction code reflects conversion/exercise of derivative awards (here, settlement of RSUs). Because a portion of the shares were sold immediately to cover tax withholding, this is effectively a cashless settlement for the tax portion — a routine administrative step rather than a market-timing trade.