[Form 4] CoreWeave, Inc. Insider Trading Activity
Rhea-AI Filing Summary
McBee Brannin, Chief Development Officer of CoreWeave, Inc. (CRWV), reported multiple transactions on 09/16/2025. The filing shows conversions of 625,000 Class B shares into Class A shares (reported as acquisitions) and a series of sales of Class A Common Stock executed under a Rule 10b5-1 trading plan adopted May 20, 2025. Sales occurred in multiple tranches at weighted-average prices within specified ranges from about $115.35 to $125.39, reducing both direct and indirect holdings. The filing details remaining beneficial ownership counts for direct and various trust/related accounts.
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer executed a pre-planned sale and converted Class B shares, altering beneficial ownership structure.
The filing documents a significant conversion of Class B into Class A and large disposals executed pursuant to a Rule 10b5-1 plan, which indicates the sales were pre-scheduled rather than opportunistic. From a governance perspective, converting voting Class B shares to Class A may change voting alignment if conversions are irreversible, but the form only reports conversion and resultant share counts. The reliance on a 10b5-1 plan reduces information asymmetry regarding timing, though the total volume of sales is material relative to the officer's holdings.
TL;DR: Material share sales at weighted-average prices across $115–$125 ranges; ownership levels updated.
The filing quantifies acquisitions via conversion (625,000 Class B to Class A) and numerous sales that decreased direct and indirect holdings across trusts and related accounts. Prices reported are weighted averages across multiple trades with explicit price ranges for each tranche. For investors, the filing provides clear, verifiable changes in insider holdings and realized price bands; it does not provide operational or earnings information.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 250,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 375,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 250,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 375,000 | $0.00 | -- |
| Sale | Class A Common Stock | 16,215 | $115.9821 | $1.88M |
| Sale | Class A Common Stock | 56,096 | $116.8549 | $6.56M |
| Sale | Class A Common Stock | 82,303 | $117.9566 | $9.71M |
| Sale | Class A Common Stock | 68,032 | $118.7426 | $8.08M |
| Sale | Class A Common Stock | 8,784 | $119.8358 | $1.05M |
| Sale | Class A Common Stock | 6,880 | $120.8441 | $831K |
| Sale | Class A Common Stock | 4,864 | $121.8619 | $593K |
| Sale | Class A Common Stock | 3,680 | $123.0342 | $453K |
| Sale | Class A Common Stock | 1,946 | $123.7923 | $241K |
| Sale | Class A Common Stock | 1,120 | $124.8714 | $140K |
| Sale | Class A Common Stock | 80 | $125.58 | $10K |
| Sale | Class A Common Stock | 24,323 | $115.9821 | $2.82M |
| Sale | Class A Common Stock | 84,143 | $116.8549 | $9.83M |
| Sale | Class A Common Stock | 123,454 | $117.9566 | $14.56M |
| Sale | Class A Common Stock | 102,048 | $118.7426 | $12.12M |
| Sale | Class A Common Stock | 13,176 | $119.8358 | $1.58M |
| Sale | Class A Common Stock | 10,322 | $120.844 | $1.25M |
| Sale | Class A Common Stock | 7,294 | $121.8619 | $889K |
| Sale | Class A Common Stock | 5,520 | $123.0342 | $679K |
| Sale | Class A Common Stock | 2,920 | $123.7923 | $361K |
| Sale | Class A Common Stock | 1,680 | $124.8714 | $210K |
| Sale | Class A Common Stock | 120 | $125.58 | $15K |
| 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 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 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 transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.35 to $116.34, 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 footnote and in footnotes 5 through 13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.35 to $117.34, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.35 to $118.34, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.35 to $119.31, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.38 to $120.31, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.38 to $121.29, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.41 to $122.40, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.43 to $123.42, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.45 to $124.29, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.57 to $125.39, inclusive. 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 minor child. The reported securities are directly held by the reporting person's spouse. 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 Major 2025 GRAT, of which the reporting person is the sole trustee and beneficiary. 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 Minor 2025 Family Trust LLC, of which the reporting person serves as manager. 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.
