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In recent transactions disclosed by CoreWeave , Inc. (NASDAQ:CRWV), Chief Financial Officer Nitin Agrawal sold Class A Common Stock valued at approximately $508,800. The transactions, dated March 27, 2025, involved the sale of 12,720 shares at a price of $40 per share. This sale was part of the company’s secondary offering, coinciding with its initial public offering (IPO). The stock has since declined to $36.98, near its 52-week low of $36, according to InvestingPro data. The company, now valued at $18.52 billion, has shown remarkable revenue growth of 736% in the last twelve months.
Additionally, Agrawal engaged in transactions involving restricted stock units and Class A Common Stock. These included the acquisition of 381,220 shares and 108,080 shares of Class A Common Stock, both at a price of $0 per share, reflecting the exercise of restricted stock units. These acquisitions were performance-based and tied to the company’s IPO.
Furthermore, Agrawal disposed of 244,769 shares to satisfy tax withholding obligations related to the net settlement of restricted stock units, also at a price of $40 per share. These transactions have resulted in Agrawal holding a total of 231,811 shares of CoreWeave’s Class A Common Stock following the transactions.
In other recent news, CoreWeave is reportedly adjusting the size of its US initial public offering (IPO) to approximately $1.5 billion. This revision involves offering around 37.5 million shares at a price of $40 each, according to an anonymous source familiar with the matter. Previously, the company had planned to sell 49 million shares priced between $47 and $55 each. These changes mark a significant shift from the original terms. The new terms of the offering are expected to be announced later. The information was shared by a person close to the situation who chose to remain anonymous due to the private nature of the details. This development highlights CoreWeave’s strategic approach in the current market environment.
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