4Filed Aug 20, 8:00 PM ET
CoreWeave CFO Nitin Agrawal Exercises RSUs, Sells 10,062 Shares
$CRWV · CoreWeave, Inc.Research Summary
AI-generated summary of this SEC filing
CoreWeave CFO Nitin Agrawal Exercises RSUs, Sells 10,062 Shares
What Happened
- Nitin Agrawal, CoreWeave's Chief Financial Officer, had restricted stock units (RSUs) convert to Class A common stock on 2026-08-20 and sold 10,062 shares in an open-market transaction at $91.88 per share, generating $924,497.
- The filing shows two RSU settlements/conversions totaling 19,451 shares (11,413 + 8,038). Of those, 10,062 shares were disposed (sold) to satisfy tax-withholding obligations; the remaining net shares retained from the settlement equal 9,389 shares (19,451 settled minus 10,062 sold).
Key Details
- Transaction date: August 20, 2026; Form 4 filed August 21, 2026 (timely).
- Sale price: $91.88 per share; proceeds reported: $924,497.
- Derivative/settlement details: 11,413 and 8,038 RSUs converted to shares (reported as exercise/conversion of derivative). No exercise price (RSUs settle into shares).
- Reason for sale: Footnote indicates the sale was to satisfy tax withholding in connection with RSU vesting (F1, F2).
- Trust holdings: Some reported securities are held in grantor retained annuity trusts for which Agrawal is trustee/beneficiary (F3–F5) and transfers between GRATs were previously effected (F4).
- Shares owned after the transaction: Filing shows a net increase of 9,389 shares from these settlements (19,451 settled less 10,062 sold). The Form 4 also explains holdings across related trusts but does not list a single consolidated total in the summary text.
Context
- This was primarily a vesting/settlement of RSUs with an automatic or post-settlement sale to cover taxes (a routine, non-discretionary transaction). Such tax-withholding sales are common and do not necessarily indicate a bullish or bearish view by the insider.
- For retail investors, purchases tend to be more informative as potential affirmative insider bets; this filing documents conversion of awards and a tax-related sale rather than a discretionary market sell for cash management.