Jain Sachin 4

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.