{
  "schema": "aic.convertible-settlement/1",
  "status": "free_public_research",
  "checked_on": "2026-10-05",
  "issuer": "CoreWeave, Inc.",
  "currency": "USD",
  "unit": "dollars and individual shares",
  "sources": [
    {
      "id": "closing",
      "document_date": "2026-09-22",
      "event_date": "2026-09-22",
      "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/crwv-20260917.htm",
      "locators": [
        "Item 1.01, Indenture and Notes",
        "Item 1.01, Capped Call Transactions"
      ],
      "review": "Relevant filing text re-read. The cover's September 17 earliest event date is not the closing date."
    },
    {
      "id": "indenture",
      "document_date": "2026-09-22",
      "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/ex41-indenture.htm",
      "locators": [
        "Section 1.01: Conversion Price, Conversion Reference Period, Daily Conversion Value, Daily Settlement Amount",
        "Section 2.03(a): interest convention",
        "Section 13.02(a): conversion settlement"
      ],
      "review": "Selected definitions and operative clauses read; not an implementation of the complete indenture."
    },
    {
      "id": "base_call_form",
      "document_date": "2026-09-22",
      "form_trade_date": "2026-09-17",
      "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/ex101basecappedcall.htm",
      "locators": [
        "General Terms: Strike Price and Cap Price",
        "Settlement Terms: election, default method, Net Share Settlement, Cash Settlement, Daily Option Value",
        "Annex A: 25 components"
      ],
      "review": "Filed confirmation form, not a complete set of executed dealer confirmations. Dealer allocations and component option counts are blank."
    },
    {
      "id": "additional_call_form",
      "document_date": "2026-09-22",
      "form_trade_date": "2026-09-18",
      "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/ex102additionalcappedcall.htm",
      "locators": [
        "General Terms: Strike Price and Cap Price",
        "Settlement Terms: default method and Daily Option Value"
      ],
      "review": "Selected corresponding clauses checked in the additional-call form."
    },
    {
      "id": "pricing",
      "document_date": "2026-09-18",
      "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/ex991pricing.htm",
      "locators": [
        "Interest dates, conversion rate and maturity",
        "Capped call cap and separate settlement/hedging discussion"
      ],
      "review": "Pricing-stage terms only; completed amounts are taken from the later closing filing."
    }
  ],
  "reported": {
    "principal": 4200000000,
    "net_proceeds_before_other_expenses": 4137000000,
    "capped_call_premium_approximately": 566200000,
    "other_issue_expenses": null,
    "annual_coupon_rate": 0.02875,
    "initial_conversion_shares_per_1000": 10.2194,
    "call_strike_in_filed_forms": 97.8531,
    "call_cap": 199.7,
    "issued_on": "2026-09-22",
    "first_interest_date": "2027-04-01",
    "maturity_date": "2033-04-01",
    "interest_month_days": [
      "04-01",
      "10-01"
    ],
    "interest_basis": "360-day year of twelve 30-day months, with partial-month provision",
    "note_conversion_choices": [
      "cash",
      "shares",
      "combination"
    ],
    "call_default_settlement": "net_shares",
    "call_cash_election": "Conditional, timely and irrevocable across components; required representations apply.",
    "dealer_component_allocations": null,
    "actual_future_settlement_elections": null,
    "current_unrestricted_issuer_cash": null
  },
  "model_conventions": {
    "holder_action": "No conversion at or below the initial conversion threshold; conversion assumed above it at maturity. No early call, put, make-whole, default, adjustment or tax is modeled.",
    "constant_price": "The same hypothetical price applies across relevant observations and to shares delivered. This is not a forecast or an observed terminal quote.",
    "matched_strike": "The illustrative matched hedge uses 1000/10.2194, not the slightly rounded 97.8531 printed in the forms. Both values remain visible.",
    "cash_and_shares": "Cash elections are assumed valid only in scenarios labeled cash. Shares received by the issuer are not treated as cash receipts. Fractional-share cash is omitted from illustrative aggregate share counts.",
    "components": "Separate two-component examples use explicit hypothetical equal allocations; they do not fill the blank dealer component allocations.",
    "cash_rate": "A pre-other-expense, no-conversion/no-hedge-payoff issuer cash-flow rate; dated discounting is ACT/365. Scheduled coupon dates are used without business-day payment shifts. It is not an investor yield, option valuation, GAAP effective interest rate or unconditional cost of capital.",
    "settlement_timing": "The settlement comparison aggregates the terminal settlement window; it does not determine peak intraday liquidity or create a legal netting right between separate contracts."
  },
  "published_on": "2026-10-05"
}