CoreWeave (CRWV) CDO McBee logs 197.5K-share sale and major Class B-to-A conversions
Rhea-AI Filing Summary
CoreWeave, Inc. Chief Development Officer Brannin McBee and related entities reported significant insider trading activity in Class A and Class B Common Stock. On 2026-06-15, entities associated with McBee sold a total of 197,500 shares of Class A Common Stock in multiple open-market transactions at weighted average prices generally around $104–$109 per share.
At the same time, these entities converted derivative positions into 197,000 shares of Class A Common Stock, reflecting non‑cash derivative conversions. Following the transactions, McBee directly holds 402,852 shares of Class A Common Stock and 6,762,894 shares of Class B Common Stock, with additional Class A and Class B shares held indirectly through trusts and by his spouse. The filing notes at least one sale was effected under a pre‑arranged Rule 10b5-1 trading plan adopted on March 5, 2026, indicating portions of the selling activity were pre‑scheduled.
Positive
- None.
Negative
- None.
Insights
McBee-related entities executed planned sales and large derivative conversions, with substantial holdings remaining.
The filing shows entities associated with Brannin McBee sold 197,500 shares of CoreWeave Class A Common Stock and simultaneously converted derivatives into 197,000 shares of Class A. These are primarily open-market sales combined with non‑cash conversions from Class B to Class A.
After these trades, McBee still directly holds 402,852 Class A shares plus 6,762,894 Class B shares, while trusts and his spouse hold additional Class A and Class B shares. Because Class B is convertible 1:1 into Class A, the overall economic interest remains large despite the net share sale.
One footnote states a reported sale was executed under a Rule 10b5-1 trading plan adopted on March 5, 2026, suggesting at least some activity was pre‑planned rather than opportunistic. Given the remaining multi‑million Class B position, this Form 4 looks like portfolio rebalancing and structural conversion, so the overall signal for outside investors is best viewed as neutral.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 144,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 25,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 25,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 3,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 144,000 | $0.00 | -- |
| Sale | Class A Common Stock | 518 | $104.4697 | $54K |
| Sale | Class A Common Stock | 33,549 | $106.275 | $3.57M |
| Sale | Class A Common Stock | 41,182 | $107.032 | $4.41M |
| Sale | Class A Common Stock | 67,887 | $107.9653 | $7.33M |
| Sale | Class A Common Stock | 864 | $108.6102 | $94K |
| Conversion | Class A Common Stock | 25,000 | $0.00 | -- |
| Sale | Class A Common Stock | 90 | $104.47 | $9K |
| Sale | Class A Common Stock | 5,825 | $106.2749 | $619K |
| Sale | Class A Common Stock | 7,149 | $107.032 | $765K |
| Sale | Class A Common Stock | 11,786 | $107.9653 | $1.27M |
| Sale | Class A Common Stock | 150 | $108.61 | $16K |
| Conversion | Class A Common Stock | 25,000 | $0.00 | -- |
| Sale | Class A Common Stock | 90 | $104.47 | $9K |
| Sale | Class A Common Stock | 5,825 | $106.2749 | $619K |
| Sale | Class A Common Stock | 7,148 | $107.0319 | $765K |
| Sale | Class A Common Stock | 11,787 | $107.9653 | $1.27M |
| Sale | Class A Common Stock | 150 | $108.61 | $16K |
| Conversion | Class A Common Stock | 3,000 | $0.00 | -- |
| Sale | Class A Common Stock | 11 | $104.4818 | $1K |
| Sale | Class A Common Stock | 699 | $106.2748 | $74K |
| Sale | Class A Common Stock | 858 | $107.0318 | $92K |
| Sale | Class A Common Stock | 1,414 | $107.9652 | $153K |
| Sale | Class A Common Stock | 18 | $108.6078 | $2K |
| Sale | Class A Common Stock | 2 | $104.47 | $208.94 |
| Sale | Class A Common Stock | 117 | $106.2741 | $12K |
| Sale | Class A Common Stock | 143 | $107.0336 | $15K |
| Sale | Class A Common Stock | 235 | $107.9646 | $25K |
| Sale | Class A Common Stock | 3 | $108.5667 | $325.70 |
Footnotes (1)
- 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. The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.20 to $104.86, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this filing. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.54 to $106.53, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.54 to $107.53, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.54 to $108.50, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.54 to $108.80, inclusive. The reported securities are directly held by the reporting person's spouse. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.20 to $104.86, inclusive. The reported securities are directly held by the Brannin J. McBee 2022 Irrevocable Trust, of which the reporting person's spouse and minor child are beneficiaries and for which the reporting person's spouse serves as trustee. The reported securities are directly held by the Canis Major 2024 Irrevocable Trust LLC of which the reporting person serves as manager. 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.