CoreWeave COO Sells 13,608 Shares for $1.3 Million to Cover Tax Bill
Updated
Updated · Yahoo Finance · Aug 16
CoreWeave COO Sells 13,608 Shares for $1.3 Million to Cover Tax Bill
1 articles · Updated · Yahoo Finance · Aug 16
Summary
An Aug. 10 SEC Form 4 filing showed CoreWeave COO Sachin Jain sold 13,608 shares at a weighted average $92.09, generating about $1.3 million.
The sale was made to cover tax liabilities tied to restricted stock unit vesting, indicating a compensation-related transaction rather than a discretionary trade.
Jain still directly held 147,785 shares worth about $13.03 million at Aug. 10's close and retained 270,000 derivative securities, leaving him with substantial exposure to CoreWeave.
The transaction came as CoreWeave shares traded at $88.19 on Aug. 10 after a steep 12-month decline, even as the AI infrastructure company carried a roughly $50 billion market value on $6.2 billion in trailing revenue.