Brannin McBee, Chief Development Officer of CoreWeave Inc., sold approximately 249,500 shares of Class A Common Stock on August 24, 2026, for a total value of $21.3 million.
The transactions were conducted at prices ranging between $83.93 and $86.48 per share, according to a filing with the U.S. Securities and Exchange Commission. The same day, McBee acquired 249,500 shares of Class A Common Stock through the conversion of Class B Common Stock, with 144,000 shares held directly and the remainder held indirectly via trusts and entities.
McBee’s disposals included holdings across multiple accounts: 144,000 shares held directly, 25,000 shares held by his spouse, and additional shares managed through trusts, including the Brannin J. McBee 2022 Irrevocable Trust and various grantor retained annuity trusts. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2026.
CoreWeave’s stock, listed on NASDAQ under the ticker CRWV, was trading at $88.01 at the time of the transactions, below InvestingPro’s Fair Value estimate. The company’s market capitalization stood at $48.6 billion.
CoreWeave reported revenue growth of 115% and added nearly 500 megawatts of capacity during the quarter. In July 2026, the company implemented a 25% price increase across its product lineup. Analysts at Bernstein SocGen Group and Piper Sandler adjusted their price targets following the developments, with Bernstein SocGen raising its target to $74 from $67 while maintaining an Underperform rating, and Piper Sandler increasing its target to $153.
