Form 4: CW Opportunity LLC Reports Conversion of CoreWeave Series B Preferred Stock to Class A Common Stock

CW Opportunity LLC, a 10% owner of CoreWeave, Inc., reports the conversion of its Series B Preferred Stock into Class A Common Stock immediately prior to CoreWeave's IPO.

Summary

• CW Opportunity LLC, identified as a 10% owner of CoreWeave, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on March 31, 2025.
• The transaction involved the conversion of 29,545,300 shares of Series B Preferred Stock into 29,545,300 shares of Class A Common Stock.
• This conversion happened automatically on a 1-for-1 basis immediately before CoreWeave's initial public offering (IPO).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an IPO, so the sentiment is neutral.

Industry Context

This filing is a standard procedure related to insider holdings and conversions of securities in connection with an IPO. It provides transparency into the ownership structure of CoreWeave as it becomes a publicly traded company.

Stakeholder Impact

• The conversion of preferred stock to common stock impacts shareholders by changing the capital structure of the company.

Key Dates

Keywords

CoreWeave, CW Opportunity LLC, Form 4, SEC, Series B Preferred Stock, Class A Common Stock, Conversion, IPO, Initial Public Offering