CoreWeave (CRWV) Principal Accounting Officer Jeff Baker Sells Shares

What Happened

• Jeff Baker, CoreWeave's Principal Accounting Officer, had restricted stock units (RSUs) convert into Class A common shares on 2026-08-20 (two conversion entries of 1,086 and 1,340 RSUs, total 2,426 shares acquired on settlement).
• Following settlement, Baker sold 1,256 shares in an open-market/private sale at $91.88 per share for proceeds of $115,401. The filing shows the conversions (derivative code M) and the sale (code S); the sale was reported as to satisfy tax withholding obligations related to the RSU vesting.

Key Details

• Transaction date: 2026-08-20; Form 4 filed 2026-08-21 (no late filing indicated).
• Sale: 1,256 shares at $91.88 = $115,401 proceeds.
• Conversions/acquisitions: 1,086 and 1,340 RSUs converted to shares (reported as derivative exercises/conversions, code M).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: F1 defines RSUs as contingent rights to receive one share on settlement; F2 confirms the sale was to satisfy tax withholding from RSU vesting; F3/F5 describe the vesting schedule; F4 notes RSUs do not expire.

Context

• Derivative code M here reflects RSU settlement (conversion of restricted stock units into shares). The immediate sale of some shares to cover taxes is a common, routine administrative step (similar to a cashless exercise) and is not necessarily a directional bet on the stock.
• No purchase or new grant beyond the settled RSUs was reported in this filing; the transaction appears to be tax withholding-related rather than a discretionary market sell.