Took the insider/affiliate deduction implied by the Insight Sentry feed (about 3.33M shares, based on the 61.9M share count from the 2026-07-27 cover) and subtracted it from the latest cover count of 63.2M (2026-10-26).
Data-service feed, fetched today. The number TradingView and most screeners show.
Your screener's float is right for BLZE. Trade off 59.87M shares. What it does not show you is what is about to be added to it.
The float your screener shows is right, at 59.87M. 1 convertible note can add another 39% of the float.
Warrant overhang (in the money, registered, cashless). CoreWeave holds 4,194,876 warrants at $7.60, well below recent trading ($13.99 implied at 9/30; $15.59–$16.88 in August).
Convertible note overhang (fixed price). $201.25M 0% notes convert into 9,171,063 shares (up to 11,922,393 with make-whole), about 15% of float.
Equity-compensation share creep (buyback offset removed). Shares outstanding grew from 57.7M to 63.2M (+9.5%) in 12 months and from 61.9M to 63.2M (+2.1%) in the last quarter.
From today's float to the ceiling
sharesWhere the shares come from
each subtotal is a rung on the ladder above
Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.
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Market data as of Nov 3, 2026
Key dates
- Dec 16, 2026 · Next CoreWeave Initial Warrant vesting (+152,666; 305,332 exercisable in total)
- Dec 31, 2026 · End of the first quarter tested for the convert's 130% ($28.52) trigger; earliest possible conversion window in Q1 2027
- Dec 31, 2026 · Emerging growth company status ends
- Mar 16, 2027 · CoreWeave warrant vesting (+152,666)