Form 4: CoreWeave CEO Converts Class B to Class A Stock

CoreWeave CEO Michael N. Intrator converted 50,000 shares of Class B Common Stock into Class A Common Stock, as part of a pre-planned transaction.

Summary

• Michael N. Intrator, CoreWeave, Inc.'s CEO, President, Director, and 10% Owner, converted 50,000 shares of Class B Common Stock into Class A Common Stock.
• The transaction occurred on August 15, 2025, and was executed under a Rule 10b5-1(c) pre-planned contract.
• Following the transaction, Intrator's direct beneficial ownership of Class A Common Stock is 7,185,785 shares.
• Indirect beneficial ownership of Class B Common Stock (convertible to Class A) includes 25,599,280 shares through Omnadora Capital LLC, 365,200 by spouse, 7,240 through Silver Thimble Resulting Trust, 30,000 through PMI 2024 F&F GRAT, 2,290,320 through Intrator Family Trust, and 4,576,000 through Intrator Family GST-Exempt Trust.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction (conversion) and does not inherently indicate positive or negative sentiment about the company's performance or prospects. It's a factual report of a pre-planned event.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-planned and orderly conversion.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Conversion of 50,000 Class B Common Stock shares to Class A Common Stock by CEO and 10% owner Michael N. Intrator.
• The transaction was conducted through Omnadora Capital LLC, an entity where the reporting person is deemed to beneficially own securities.
• Indirect beneficial ownership is also reported through the reporting person's spouse and various family trusts (Silver Thimble Resulting Trust, PMI 2024 F&F GRAT, Intrator Family Trust, Intrator Family GST-Exempt Trust).

Stakeholder Impact

• Shareholders: The conversion of Class B to Class A shares by a significant insider could potentially increase the float of Class A shares over time, though this specific transaction is small relative to total holdings. It does not immediately impact voting rights or economic interest as it's a conversion, not a sale.

Key Dates

Recommendation

This Form 4 reports a routine conversion of Class B to Class A common stock by a key insider, Michael N. Intrator, under a pre-planned Rule 10b5-1(c) arrangement. Such a transaction is administrative in nature and does not provide new fundamental information about the company's financial health, strategic direction, or operational performance that would warrant a change in investment recommendation. It is a standard disclosure of an insider's ownership structure adjustment.

Keywords

CoreWeave, CRWV, Michael N. Intrator, Insider Transaction, Form 4, Stock Conversion, Class A Common Stock, Class B Common Stock, CEO, Director, 10% Owner, Omnadora Capital