Form 4: CoreWeave CSO Brian Venturo Reports Share Changes

CoreWeave Chief Strategy Officer Brian M. Venturo disclosed changes in his beneficial ownership of Class A and Class B common stock, including a conversion and a direct disposition.

Summary

• Brian M. Venturo, CoreWeave's Chief Strategy Officer, Director, and 10% Owner, reported changes in his beneficial ownership of company securities.
• On August 15, 2025, Venturo acquired 281,250 shares of Class A Common Stock indirectly through West Clay Capital LLC, resulting from the conversion of Class B Common Stock.
• Concurrently, 281,250 shares of Class B Common Stock were disposed of due to this conversion.
• Venturo also reported a direct disposition of 240,331 shares of Class A Common Stock.
• Significant indirect holdings of Class A and Class B Common Stock were disclosed through various entities and family members, including West Clay Capital LLC, YOLO APV Trust, YOLO ECV Trust, his spouse, his father-in-law, Venturo Family 2024 Friends and Family GRAT, Venturo Family GST Exempt Trust dated June 30, 2023, and 2023 Venturo Family GRAT dated June 30, 2023.

Sentiment

Score: 5

Explanation: The filing is a factual report of insider stock transactions. While a disposition occurred, it's balanced by a conversion, and the overall sentiment is neutral as it provides transparency without indicating significant positive or negative company performance or strategic shifts.

Positives

• Increased transparency regarding insider holdings and the complex ownership structure of a key executive.
• The conversion of Class B Common Stock to Class A Common Stock indicates a shift towards a more common and potentially liquid share class.

Negatives

• A direct disposition of 240,331 Class A Common Stock shares by a high-ranking insider could be perceived negatively by some investors, potentially signaling a lack of confidence or a need for liquidity.

Risks

• The intricate web of indirect ownership through various trusts and an LLC, where the reporting person holds significant influence, could complicate the assessment of true beneficial ownership and control.
• Future large dispositions by insiders, particularly those in leadership roles, could exert downward pressure on the company's stock price.

Future Outlook

The filing is a statement of changes in beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance, strategic direction, or financial outlook.

Industry Context

This Form 4 filing provides transparency on insider stock transactions, a standard and legally mandated disclosure in the U.S. financial markets. It does not offer insights into broader industry trends, competitive landscape, or CoreWeave's operational performance, focusing solely on an individual's equity holdings within the company.

Related Party Transactions

• Indirect beneficial ownership of Class A and Class B Common Stock through West Clay Capital LLC, where the reporting person is the managing member.
• Indirect beneficial ownership of Class A Common Stock through the YOLO APV Trust and YOLO ECV Trust, irrevocable trusts where the reporting person's minor child is beneficiary and the reporting person has the power to remove and replace the trustee.
• Indirect beneficial ownership of Class A Common Stock through the reporting person's father-in-law, who is a member of the reporting person's household (beneficial ownership disclaimed except to the extent of pecuniary interest).
• Indirect beneficial ownership of Class B Common Stock through the reporting person's spouse.
• Indirect beneficial ownership of Class B Common Stock through the Venturo Family 2024 Friends and Family GRAT, where the reporting person is the sole trustee and beneficiary.
• Indirect beneficial ownership of Class B Common Stock through the Venturo Family GST Exempt Trust dated June 30, 2023, where the reporting person's spouse is trustee and his spouse and minor children are beneficiaries.
• Indirect beneficial ownership of Class B Common Stock through the 2023 Venturo Family GRAT dated June 30, 2023, where the reporting person is the sole trustee and beneficiary.

Stakeholder Impact

• Shareholders: Provides transparency on insider holdings and transactions, which can influence investor confidence and perception of management alignment with shareholder interests.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

CoreWeave, CRWV, SEC Form 4, Insider Trading, Beneficial Ownership, Brian Venturo, Chief Strategy Officer, Stock Conversion, Equity Holdings, Corporate Governance