A CoreWeave executive sold shares to cover tax withholding from RSU vesting, retaining significant equity exposure.
CoreWeave principal accounting officer Jeff Baker sold 6,455 shares of Class A Common Stock on July 29, 2026, at a weighted average price of $66.51. The transaction was non-discretionary, executed to cover tax obligations tied to the vesting of restricted stock units (RSUs) on the same date.
The sale followed a vesting schedule where 25% of the RSU award vested on July 29, 2025, with subsequent increments vesting quarterly. Post-transaction, Baker retains direct ownership of 7,167 shares and holds 100,000 derivative securities, including stock options.
CoreWeave’s stock closed at $60.82 on July 29, 2026, down from the sale price. The company provides GPU and CPU cloud computing resources for generative AI applications.