CoreWeave (CRWV) officer’s trusts convert and sell 22,915 Class A shares
Rhea-AI Filing Summary
CoreWeave, Inc.’s Chief Development Officer, Brannin McBee, reported a set of indirect transactions involving trusts holding company stock. On 2026-03-16, grantor retained annuity trusts (GRATs) associated with McBee converted a total of 22,915 shares of Class B Common Stock into an equal number of Class A shares at a conversion price of $0.00 per share.
Those newly issued Class A shares were then sold in multiple open-market transactions totaling 22,915 shares at prices between $81.95 and $88.00, pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025. After these trades, entities associated with McBee still indirectly hold substantial positions, including 108,600 and 122,000 Class A shares underlying Class B stock in family trust LLCs, plus additional Class A holdings in other family trusts.
Positive
- None.
Negative
- None.
Insights
Pre-planned trust sales following conversions, with large indirect holdings remaining.
The transactions show trusts linked to CoreWeave’s Chief Development Officer converting 22,915 Class B shares into Class A and selling the resulting Class A shares in open-market trades. Code C entries reflect derivative conversions, while S codes denote actual sales of common stock.
The filing notes the sales were effected under a Rule 10b5-1 trading plan adopted on November 17, 2025, indicating they were pre-scheduled rather than opportunistic. This typically reduces the signaling value of the timing, framing the activity as routine diversification or liquidity management.
Despite the net sale of 22,915 shares, entities associated with the insider still hold sizable positions, including Class B interests convertible into 108,600 and 122,000 Class A shares, plus other Class A stakes in family trusts. Given the remaining exposure and pre-planned nature, the overall investment thesis impact appears limited.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 16,665 | $0.00 | -- |
| Conversion | Class B Common Stock | 6,250 | $0.00 | -- |
| Conversion | Class A Common Stock | 16,665 | $0.00 | -- |
| Sale | Class A Common Stock | 3,075 | $82.5109 | $254K |
| Sale | Class A Common Stock | 4,554 | $83.6248 | $381K |
| Sale | Class A Common Stock | 2,670 | $84.4011 | $225K |
| Sale | Class A Common Stock | 3,320 | $85.6086 | $284K |
| Sale | Class A Common Stock | 2,846 | $86.3074 | $246K |
| Sale | Class A Common Stock | 175 | $87.2343 | $15K |
| Sale | Class A Common Stock | 25 | $88.00 | $2K |
| Conversion | Class A Common Stock | 6,250 | $0.00 | -- |
| Sale | Class A Common Stock | 1,153 | $82.5106 | $95K |
| Sale | Class A Common Stock | 1,708 | $83.6245 | $143K |
| Sale | Class A Common Stock | 1,002 | $84.4007 | $85K |
| Sale | Class A Common Stock | 1,245 | $85.6086 | $107K |
| Sale | Class A Common Stock | 1,067 | $86.3072 | $92K |
| Sale | Class A Common Stock | 66 | $87.2335 | $6K |
| Sale | Class A Common Stock | 9 | $88.00 | $792.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
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 securities are directly held by the Canis Major 2025 GRAT, of which the reporting person is the sole trustee and beneficiary. The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.95 to $82.90, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.95 to $83.94, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.95 to $84.91, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.97 to $85.96, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.97 to $86.93, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.97 to $87.49, inclusive. The reported securities are directly held by the Canis Minor 2025 GRAT, of which the reporting person's spouse is the sole beneficiary and trustee. 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. The reported securities are directly held of record by the reporting person's child. The reported securities are directly held by the Canis Major 2025 Family Trust LLC, of which the reporting person serves as manager. The reported securities are directly held by the Canis Minor 2025 Family Trust LLC, of which the reporting person serves as manager.
