CoreWeave (CRWV) CDO McBee sells 194,500 shares and converts Class B stock
Rhea-AI Filing Summary
CoreWeave, Inc.’s Chief Development Officer Brannin McBee reported a series of insider trades in Class A and Class B Common Stock. Entities associated with McBee, including family trusts and his spouse, sold 194,500 shares of Class A Common Stock in open-market transactions at weighted average prices generally between about $99 and $104 per share.
The filing also shows conversions of Class B into Class A Common Stock totaling 134,766 shares, reflecting derivative conversions rather than market purchases. After these transactions, McBee’s direct Class A holdings reported in this filing increased to 402,852 shares, and he continues to have additional indirect holdings through family trusts and his spouse.
A footnote states that at least part of the sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2026, indicating the timing of those sales was set in advance rather than decided opportunistically.
Positive
- None.
Negative
- None.
Insights
Pre-planned sales and conversions result in a net share reduction but sizable remaining holdings.
The filing shows McBee and related entities executing open-market sales of 194,500 shares of CoreWeave Class A Common Stock, alongside derivative conversions totaling 134,766 shares. These include Class B shares converting into Class A on a one-for-one basis, which is a structural change in share class, not a cash purchase.
Following these transactions, McBee’s directly held Class A position reported in this filing stands at 402,852 shares, with additional indirect holdings through trusts and his spouse. A footnote confirms at least one sale was made under a Rule 10b5-1 trading plan adopted on March 5, 2026, suggesting a degree of routine portfolio management rather than purely discretionary timing.
Because the transactions are partly pre-planned and McBee retains substantial direct and indirect ownership, this activity typically reads as a notable but not thesis-changing reduction in exposure. Actual impact depends on how these holdings compare to his total compensation and the company’s overall share base, which is not detailed in this excerpt.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 84,766 | $0.00 | -- |
| Conversion | Class B Common Stock | 25,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 25,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 84,766 | $0.00 | -- |
| Sale | Class A Common Stock | 16,149 | $99.1938 | $1.60M |
| Sale | Class A Common Stock | 13,848 | $99.9775 | $1.38M |
| Sale | Class A Common Stock | 8,356 | $101.2662 | $846K |
| Sale | Class A Common Stock | 64,187 | $102.1519 | $6.56M |
| Sale | Class A Common Stock | 35,603 | $103.0027 | $3.67M |
| Sale | Class A Common Stock | 5,857 | $103.8298 | $608K |
| Conversion | Class A Common Stock | 25,000 | $0.00 | -- |
| Sale | Class A Common Stock | 2,805 | $99.1939 | $278K |
| Sale | Class A Common Stock | 2,404 | $99.9777 | $240K |
| Sale | Class A Common Stock | 1,450 | $101.2662 | $147K |
| Sale | Class A Common Stock | 11,144 | $102.152 | $1.14M |
| Sale | Class A Common Stock | 6,181 | $103.0028 | $637K |
| Sale | Class A Common Stock | 1,016 | $103.8295 | $105K |
| Conversion | Class A Common Stock | 25,000 | $0.00 | -- |
| Sale | Class A Common Stock | 2,805 | $99.1937 | $278K |
| Sale | Class A Common Stock | 2,403 | $99.9776 | $240K |
| Sale | Class A Common Stock | 1,451 | $101.2662 | $147K |
| Sale | Class A Common Stock | 11,143 | $102.1519 | $1.14M |
| Sale | Class A Common Stock | 6,182 | $103.0027 | $637K |
| Sale | Class A Common Stock | 1,016 | $103.8295 | $105K |
| Sale | Class A Common Stock | 57 | $99.1928 | $6K |
| Sale | Class A Common Stock | 48 | $99.9856 | $5K |
| Sale | Class A Common Stock | 29 | $101.2783 | $3K |
| Sale | Class A Common Stock | 223 | $102.1537 | $23K |
| Sale | Class A Common Stock | 123 | $103.0034 | $13K |
| Sale | Class A Common Stock | 20 | $103.8175 | $2K |
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 $98.60 to $99.59, 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 $99.60 to $100.55, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.60 to $101.59, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.60 to $102.59, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.60 to $103.59, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.60 to $104.25, 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 $98.60 to $99.59, 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 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.