CoreWeave EVP Goldberg Chen Sells Shares, Exercises/Converts Derivatives

What Happened

• Goldberg Chen, EVP of Product & Engineering at CoreWeave (CRWV), sold a total of 25,605 shares in open-market/private transactions (6,397 shares on 2026-08-04 and 19,208 shares on 2026-08-05) for aggregate proceeds of about $2,348,442.
• The filing also shows a conversion/exercise of 37,500 derivative shares on 2026-08-05 (reported as acquired) and a contemporaneous disposition of 37,500 derivative shares the same day (reported as a derivative sale).

Key Details

• Transaction dates & prices:
  • 2026-08-04: Sold 6,397 shares at a weighted average price ≈ $90.00 (range $90.00–$90.02) — proceeds ≈ $575,736. (F2)
  • 2026-08-05: Converted/exercised 37,500 derivative shares (no price reported). The filing also shows 37,500 derivative shares disposed that same day (derivative disposition).
  • 2026-08-05: Sold 19,208 shares at $92.29 — proceeds ≈ $1,772,706.
• Total reported cash proceeds from the two open-market/private sales: ≈ $2,348,442.
• Shares owned after the transactions: Not disclosed in the provided filing excerpt.
• Notable footnotes:
  • F1: The 8/4 sale was effected under a Rule 10b5-1 trading plan adopted 6/3/2025 and modified 11/20/2025.
  • F4–F6/F3: The filing references restricted stock units (RSUs): RSU vesting/settlement and tax-withholding mechanics are noted (some shares sold to satisfy tax withholding related to RSU settlement; RSUs vest on a scheduled cadence and do not expire). The 8/5 sale appears linked to RSU-related withholding.
• Filing timeliness: Report filed 2026-08-06 covering transactions on 2026-08-04 and 08-05 (no late filing flag shown).

Context

• The filing shows both conversions/exercises of derivative interests and routine sales. The 8/4 sale was preplanned under a 10b5-1 plan (routine disposition), while at least one 8/5 sale was flagged as satisfying tax withholding following RSU settlement (common practice).
• The exercise/conversion of 37,500 derivative shares with a same-day disposal suggests the converted shares were not held long-term, but the filing does not provide proceeds or additional details for that derivative disposition.