CoreWeave (CRWV) CDO exercises 8,037 RSUs, sells 3,683 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. Chief Development Officer Brannin McBee reported routine equity compensation activity involving Class A Common Stock. He exercised 8,037 restricted stock units, receiving the same number of Class A shares at a $0.00 exercise price. Of these shares, 3,683 were sold at $99.82 per share solely to satisfy tax withholding obligations related to the RSU vesting, rather than as a discretionary sale. Following these transactions, he directly holds 321,769 Class A shares and 120,566 restricted stock units. Additional indirect holdings include 54,000 Class A shares held by the Canis Major SM Trust, for which his minor child is the beneficiary, and 1,800 Class A shares held of record by his child.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,683 shares ($367,637)
Net Sell
5 txns
Insider
McBee Brannin
Role
Chief Development Officer
Sold
3,683 shs ($368K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,037 | $0.00 | -- |
| Exercise | Class A Common Stock | 8,037 | $0.00 | -- |
| Sale | Class A Common Stock | 3,683 | $99.82 | $368K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 120,566 shares (Direct, null);
Class A Common Stock — 321,769 shares (Direct, null);
Class A Common Stock — 54,000 shares (Indirect, Canis Major SM Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The reported transaction represents shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting and settlement of restricted stock units. 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 award shall vest as to 1/16th of the total award on the 20th calendar day of May, August, November, and February, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on May 20, 2026. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 8,037 shares
Shares sold for taxes: 3,683 shares at $99.82/share
Direct Class A holdings after transactions: 321,769 shares
+4 more
7 metrics
RSUs exercised
8,037 shares
Restricted stock units converted into Class A Common Stock
Shares sold for taxes
3,683 shares at $99.82/share
Sale to satisfy tax withholding obligations
Direct Class A holdings after transactions
321,769 shares
Class A Common Stock held directly following reported transactions
RSU balance after transactions
120,566 units
Restricted stock units remaining after the 8,037-unit conversion
Trust indirect holdings
54,000 shares
Class A Common Stock held by Canis Major SM Trust
Child’s indirect holdings
1,800 shares
Class A Common Stock held of record by reporting person’s child
Net buy/sell shares
-3,683 shares
Net of open-market sale and exercises reported in this filing
Key Terms
restricted stock units, tax withholding obligations, Canis Major SM Trust, exercise or conversion of derivative security, +1 more
5 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations"
Canis Major SM Trust financial
"The reported securities are directly held by the Canis Major SM Trust (the "Canis Trust"), an irrevocable trust with a third-party trustee"
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock"
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.
FAQ
What insider transactions did CRWV Chief Development Officer Brannin McBee report?
Brannin McBee exercised 8,037 restricted stock units into Class A Common Stock and sold 3,683 shares. The sale was made at $99.82 per share solely to cover tax withholding obligations arising from the RSU vesting and settlement.
What are the terms of Brannin McBee’s CoreWeave (CRWV) restricted stock units?
Each restricted stock unit converts into one share of Class A Common Stock upon settlement. The award vests in 1/16th increments on the 20th day of May, August, November, and February, starting May 20, 2026, contingent on continued service.
How are Brannin McBee’s indirect CoreWeave (CRWV) holdings structured?
Indirect holdings include 54,000 Class A shares in the Canis Major SM Trust, an irrevocable trust with a third-party trustee and his minor child as beneficiary, plus 1,800 shares held of record by his child, as disclosed in the footnotes.