CoreWeave (CRWV) insider trusts sell 375K shares after Class B conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoreWeave, Inc. director and Chief Strategy Officer Brian M. Venturo reported a combination of share conversions and sales conducted through entities associated with him. Trusts and an LLC linked to Venturo converted 375,000 shares of Class B Common Stock into Class A Common Stock and sold 375,000 Class A shares in open-market transactions.
The Venturo Family GST Exempt Trust and West Clay Capital LLC executed these trades on Class A shares at weighted-average prices generally around $99–$104 per share, with at least one sale made under a Rule 10b5-1 trading plan adopted on November 13, 2025. Following the transactions, entities associated with Venturo continue to hold substantial indirect positions, including Class B shares convertible into millions of Class A shares.
Positive
- None.
Negative
- None.
Insights
Venturo-linked entities convert and sell 375K CoreWeave shares, with large indirect holdings remaining.
Entities associated with Brian M. Venturo, including the Venturo Family GST Exempt Trust and West Clay Capital LLC, converted 375,000 Class B shares into Class A and sold 375,000 Class A shares. Sale prices cluster around $100 per share, based on reported weighted-average prices.
The filing notes at least one sale under a Rule 10b5-1 trading plan adopted on November 13, 2025, suggesting pre-planned execution rather than ad hoc timing. Meanwhile, derivative positions remain sizable, including Class B stock convertible into 5,402,057 Class A shares and other multi-million-share positions.
Overall, this appears as an exercise-and-sell style rebalancing across related entities with a net-sell of 375,000 shares versus much larger ongoing indirect exposure. Subsequent company filings may provide additional context on how these holdings evolve over time.
Insider Trade Summary 10b5-1
Net Seller: 375,000 shares ($37,966,423)
Net Sell
24 txns
Insider
Venturo Brian M
Role
Chief Strategy Officer
Sold
375,000 shs ($37.97M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 300,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 75,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 300,000 | $0.00 | -- |
| Sale | Class A Common Stock | 32,026 | $99.3736 | $3.18M |
| Sale | Class A Common Stock | 107,822 | $100.2832 | $10.81M |
| Sale | Class A Common Stock | 62,339 | $101.1577 | $6.31M |
| Sale | Class A Common Stock | 41,329 | $102.254 | $4.23M |
| Sale | Class A Common Stock | 36,625 | $103.3005 | $3.78M |
| Sale | Class A Common Stock | 19,859 | $103.8501 | $2.06M |
| Conversion | Class A Common Stock | 75,000 | $0.00 | -- |
| Sale | Class A Common Stock | 8,007 | $99.3736 | $796K |
| Sale | Class A Common Stock | 26,955 | $100.2832 | $2.70M |
| Sale | Class A Common Stock | 15,585 | $101.1577 | $1.58M |
| Sale | Class A Common Stock | 10,332 | $102.254 | $1.06M |
| Sale | Class A Common Stock | 9,156 | $103.3004 | $946K |
| Sale | Class A Common Stock | 4,965 | $103.8501 | $516K |
| 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 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 5,421,308 shares (Indirect, West Clay Capital LLC);
Class A Common Stock — 300,000 shares (Indirect, West Clay Capital LLC);
Class B Common Stock — 5,343,347 shares (Direct, null);
Class A Common Stock — 223,580 shares (Direct, null)
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 West Clay Capital LLC, of which the reporting person is the managing member. The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 13, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.75 to $99.74, 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 $99.75 to $100.74, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.75 to $101.74, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.75 to $102.74, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.75 to $103.73, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.75 to $104.39, inclusive. The reported securities are directly held by the Venturo Family GST Exempt Trust dated June 30, 2023 (the "GST Trust"). The reporting person's spouse is trustee of the GST Trust and minor children are beneficiaries. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.75 to $99.74, inclusive. The reported securities are directly held by the reporting person's father-in-law, who is a member of the reporting person's household. The reporting person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of his pecuniary interest, if any. The reported securities are directly held by the YOLO APV Trust (the "APV 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 APV Trust's trustee. The reported securities are directly held by the YOLO ECV Trust (the "ECV 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 ECV Trust's trustee. The reported securities are directly held by Venturo Family 2024 Friends and Family GRAT, of which the reporting person is the sole trustee and beneficiary. The reported securities are directly held by the reporting person's spouse. The reported securities are directly held by the Venturo Family Trust dated June 30, 2023 (the "Family Trust"). The reporting person's spouse is trustee of the Family Trust and his minor children are beneficiaries.
Key Figures
Shares sold: 375,000 shares
Shares converted: 375,000 shares
Highest reported sale price: $103.8501 per share
+5 more
8 metrics
Shares sold
375,000 shares
Total Class A shares sold by associated entities on May 18, 2026
Shares converted
375,000 shares
Class B shares converted into Class A via code C transactions
Highest reported sale price
$103.8501 per share
One Class A sale tranche price for Venturo-linked entities
Lowest reported sale price
$99.3736 per share
One Class A sale tranche price for Venturo-linked entities
Derivative conversion size (GST Trust)
75,000 shares
Class B to Class A conversion by Venturo Family GST Exempt Trust
Derivative conversion size (West Clay Capital LLC)
300,000 shares
Class B to Class A conversion by West Clay Capital LLC
Key remaining derivative block
5,402,057 shares
Class B Common Stock convertible into Class A, indirect
Another remaining derivative block
5,343,347 shares
Class B Common Stock convertible into Class A, direct
Key Terms
Rule 10b5-1 trading plan, weighted average price, Section 16 of the Securities Exchange Act of 1934, irrevocable trust, +2 more
6 terms
Rule 10b5-1 trading plan financial
"The reported transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 13, 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"The reporting person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of his pecuniary interest, if any."
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
irrevocable trust financial
"The reported securities are directly held by the YOLO APV Trust (the "APV Trust"), an irrevocable trust with a third-party trustee..."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
GRAT financial
"The reported securities are directly held by Venturo Family 2024 Friends and Family GRAT, of which the reporting person is the sole trustee and beneficiary."
pecuniary interest financial
"The reporting person disclaims beneficial ownership of such securities... except to the extent of his pecuniary interest, if any."
FAQ
What insider activity did CoreWeave (CRWV) report for Brian M. Venturo?
Entities associated with Brian M. Venturo reported converting 375,000 Class B shares into Class A and selling 375,000 Class A Common shares. These transactions were executed through trusts and an LLC, rather than direct personal accounts, and leave significant indirect holdings outstanding.
Were the CoreWeave (CRWV) insider sales made under a Rule 10b5-1 plan?
At least one reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted on November 13, 2025. Rule 10b5-1 plans allow insiders to pre-schedule trades, which can make the timing of those transactions less informative about their short-term market views.
What price range did CoreWeave (CRWV) insider sales occur at?
Reported weighted-average sale prices for CoreWeave Class A shares span roughly $98.75 to $104.39 per share. Several footnotes explain that each weighted-average price reflects multiple trades within narrower ranges, and detailed breakdowns are available upon request from the issuer or the insider.
What CoreWeave (CRWV) holdings remain after Brian M. Venturo’s reported trades?
The filing shows continuing indirect positions, including Class B Common Stock convertible into 5,402,057 Class A shares in one trust and 5,343,347 Class A-equivalent shares directly. Additional Class B blocks in other family entities also remain outstanding, maintaining large overall exposure.