CoreWeave (CRWV) CDO-linked trusts convert and sell 22,915 shares under 10b5-1 plan
Rhea-AI Filing Summary
CoreWeave, Inc. Chief Development Officer Brannin McBee reported trust-related conversions and sales of company stock. Two grantor retained annuity trusts, Canis Major 2025 GRAT and Canis Minor 2025 GRAT, converted a total of 22,915 shares of Class B Common Stock into 22,915 shares of Class A Common Stock.
On the same date, those GRATs sold 22,915 Class A shares in multiple open-market transactions at weighted average prices generally between about $104 and $114 per share under a pre-arranged Rule 10b5-1 trading plan. Separate trusts and LLCs associated with McBee continue to hold substantial Class B shares convertible into Class A, as well as additional indirect Class A holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 22,915 shares ($2.54M approx. pre-tax spread)
Exercise and Sale
31 txns
Insider
McBee Brannin
Role
Chief Development Officer
Sold
22,915 shs ($2.54M)
Approx. gross sale proceeds
$2.54M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$2.54M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 16,665 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 6,250 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 16,665 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 225 | $104.5389 | $24K |
| Sale | Class A Common Stock | 200 | $105.785 | $21K |
| Sale | Class A Common Stock | 175 | $106.99 | $19K |
| Sale | Class A Common Stock | 400 | $107.9056 | $43K |
| Sale | Class A Common Stock | 1,175 | $109.007 | $128K |
| Sale | Class A Common Stock | 3,443 | $110.3171 | $380K |
| Sale | Class A Common Stock | 6,449 | $111.0655 | $716K |
| Sale | Class A Common Stock | 3,698 | $112.0132 | $414K |
| Sale | Class A Common Stock | 800 | $113.0669 | $90K |
| Sale | Class A Common Stock | 100 | $113.7675 | $11K |
| Conversion | Class A Common Stock | 6,250 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 85 | $104.54 | $9K |
| Sale | Class A Common Stock | 75 | $105.7897 | $8K |
| Sale | Class A Common Stock | 65 | $106.9926 | $7K |
| Sale | Class A Common Stock | 150 | $107.9031 | $16K |
| Sale | Class A Common Stock | 441 | $109.0068 | $48K |
| Sale | Class A Common Stock | 1,292 | $110.3172 | $143K |
| Sale | Class A Common Stock | 2,418 | $111.0656 | $269K |
| Sale | Class A Common Stock | 1,387 | $112.0132 | $155K |
| Sale | Class A Common Stock | 300 | $113.0674 | $34K |
| Sale | Class A Common Stock | 37 | $113.7651 | $4K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,983,907 shares (Indirect, Canis Major 2025 GRAT);
Class B Common Stock — 586,205 shares (Indirect, Canis Minor 2025 GRAT);
Class A Common Stock — 0 shares (Indirect, Canis Major 2025 GRAT);
Class A Common Stock — 0 shares (Indirect, Canis Minor 2025 GRAT);
Class B Common Stock — 324,000 shares (Indirect, Canis Major 2024 Irrevocable Trust LLC);
Class B Common Stock — 108,600 shares (Indirect, Canis Major 2025 Family Trust LLC);
Class B Common Stock — 1,582,773 shares (Indirect, Canis Major 2026 GRAT);
Class B Common Stock — 122,000 shares (Indirect, Canis Minor 2025 Family Trust LLC);
Class B Common Stock — 263,795 shares (Indirect, Canis Minor 2026 GRAT);
Class A Common Stock — 54,000 shares (Indirect, Canis Major SM Trust);
Class A Common Stock — 1,800 shares (Indirect, See Footnote)
Footnotes (19)
- F1. Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation.
- F2. The reported securities are directly held by a grantor retained annuity trust, of which the reporting person is the sole trustee and beneficiary.
- F3. The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.12 to $104.90, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.23 to $106.13, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.43 to $107.27, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.43 to $108.18, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.61 to $109.60, inclusive.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.61 to $110.60, inclusive.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.61 to $111.60, inclusive.
- F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.62 to $112.58, inclusive.
- F12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.62 to $113.61, inclusive.
- F13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.66 to $114.00, inclusive.
- F14. The reported securities are directly held by a grantor retained annuity trust, of which the reporting person's spouse is the sole beneficiary and trustee.
- F15. The reported securities are directly held by the Canis Major SM Trust (the "Canis Trust"), an irrevocable trust with a third-party trustee, of which the reporting person's minor child is beneficiary. The reporting person has the power to remove and replace the Canis Trust's trustee.
- F16. The reported securities are directly held of record by the reporting person's child.
- F17. The reported securities are directly held by the Canis Major 2024 Irrevocable Trust LLC of which the reporting person serves as manager.
- F18. The reported securities are directly held by the Canis Major 2025 Family Trust LLC, of which the reporting person serves as manager.
- F19. The reported securities are directly held by the Canis Minor 2025 Family Trust LLC, of which the reporting person serves as manager.
Key Figures
Shares sold: 22,915 shares
Shares converted: 22,915 shares
Sale price ranges: $104.12–$114.00
+4 more
7 metrics
Shares sold
22,915 shares
Total Class A shares sold in open-market transactions on 2026-04-13
Shares converted
22,915 shares
Class B shares converted into Class A on 2026-04-13
Sale price ranges
$104.12–$114.00
Weighted-average price ranges across reported sale tranches
Largest derivative block
1,582,773 shares
Underlying Class A shares for Class B held by Canis Major 2026 GRAT
Other derivative holdings
324,000 shares
Underlying Class A shares for Class B held by Canis Major 2024 Irrevocable Trust LLC
Indirect Class A holding
54,000 shares
Class A shares held by Canis Major SM Trust
Child’s Class A holding
1,800 shares
Class A shares held of record by the reporting person’s child
Key Terms
grantor retained annuity trust, Rule 10b5-1 trading plan, Class B Common Stock, Class A Common Stock, +1 more
5 terms
grantor retained annuity trust financial
"The reported securities are directly held by a grantor retained annuity trust, of which the reporting person is the sole trustee and beneficiary."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Rule 10b5-1 trading plan regulatory
"The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.12 to $104.90, inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CoreWeave (CRWV) insider Brannin McBee report in this Form 4?
Brannin McBee reported trust-level conversions and sales of CoreWeave stock. Two grantor retained annuity trusts converted 22,915 Class B shares into 22,915 Class A shares, then sold all converted Class A shares in multiple open-market transactions disclosed in the filing.
Were the CoreWeave (CRWV) sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025. Such pre-arranged plans typically automate trade timing and can signal routine portfolio management rather than discretionary timing.
Does Brannin McBee still have significant exposure to CoreWeave (CRWV) stock after these trades?
Yes. The derivative holdings table shows multiple indirect positions in Class B Common Stock convertible into underlying Class A shares, including blocks such as 1,582,773 and 324,000 underlying shares, alongside additional indirect Class A holdings held through family trusts and related entities.