Jain Sachin 4
4 · CoreWeave, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
CoreWeave (CRWV) COO Sachin Jain Sells Shares for Tax Withholding
What Happened
Sachin Jain, Chief Operating Officer of CoreWeave, reported the vesting/settlement of restricted stock units (RSUs) and related share sales on June 30, 2026. The filing shows conversion/exercise of 7 RSUs into 7 shares (derivative conversion, code M), a derivative disposition of 7 shares (to satisfy withholding), and an open-market sale of 3 Class A shares at $95.69 each for total proceeds of $287. The transactions were linked to RSU vesting and tax withholding, not an investment purchase.
Key Details
- Transaction date: June 30, 2026; Form 4 filed July 2, 2026 (appears timely).
- Converted/acquired via derivative (RSU settlement): 7 shares (no purchase price reported).
- Disposed (derivative): 7 shares (reported as related to RSU settlement).
- Open-market sale: 3 shares at $95.69 each — proceeds reported as $287.
- Shares owned after the transactions: not specified in the provided filing.
- Footnotes:
- F1: Each RSU converts to one Class A share on settlement.
- F2: Shares were sold to satisfy tax withholding arising from RSU vesting.
- F3: Award vesting schedule — 1/4 vested March 31, 2026, then 1/16 on last day of June/Sept/Dec/March while employed.
- F4: RSUs do not expire; they vest or are cancelled prior to vesting.
- No indication of a 10b5-1 plan or gift; this appears to be routine tax-withholding activity.
Context
The derivative code (M) here reflects conversion/settlement of RSUs into common shares. The subsequent disposals—partly reported as derivative dispositions and an open-market sale—were used to meet tax withholding obligations tied to that vesting (a common, routine administrative step). Such transactions are typically neutral in signaling management sentiment because they are tax-driven rather than discretionary stock sales.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-30+7→ 127,636 total - Sale
Class A Common Stock
[F2]2026-06-30$95.69/sh−3$287→ 127,633 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]2026-06-30−7→ 83 total→ Class A Common Stock (7 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- [F2]The reported transaction represents shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting and settlement of restricted stock units.
- [F3]The award vested as to 1/4 of the total award on March 31, 2026, and vests thereafter as to 1/16 of the total award on the last calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date.
- [F4]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.