CoreWeave (CRWV) 10% Owner Michael Intrator Sells Shares
$CRWV · CoreWeave, Inc.Research Summary
AI-generated summary of this SEC filing
CoreWeave (CRWV) 10% Owner Michael Intrator Sells Shares
What Happened
Michael N. Intrator, a reported 10% owner of CoreWeave (CRWV), had 23,443 restricted stock units (RSUs) convert into Class A common stock on Aug 20, 2026. On the same day he sold 13,129 of those shares in an open-market transaction at $91.88 per share for proceeds of $1,206,293. The filing also indicates shares were withheld/surrendered in connection with the RSU vesting to satisfy tax withholding obligations.
Key Details
- Transaction date: August 20, 2026; Form 4 filed Aug 21, 2026 (filed promptly).
- Open-market sale: 13,129 shares at $91.88, total proceeds $1,206,293.
- RSU conversion: 23,443 RSUs converted to shares upon vesting (reported as an exercise/conversion).
- Tax withholding: Filing notes shares were surrendered/withheld to satisfy tax withholding tied to the RSU settlement.
- Shares owned after transaction: Not specified in this Form 4.
- Insider status: Reporting person is a 10% owner (institutional-level reporting, not necessarily routine executive trading).
- Relevant footnotes: F1 (RSUs convert 1-for-1 to Class A shares), F2 (sale/transactions relate to tax withholding), F3–F4 describe vesting schedule and RSU terms.
Context
This was not a purchase—Intrator received shares from RSU vesting and sold a portion in the open market while surrendering/withholding the remainder for taxes. Sales to cover tax obligations after RSU vesting are common and do not by themselves indicate a change in insider sentiment.