Transaction details
CoreWeave, Inc. (CRWV) Chief Development Officer Brannin McBee reported the sale of 5,624 shares of Class A common stock on February 17, 2026, with total proceeds of $504,977. The shares were disposed of at prices between $89.3892 and $94.65 per share. These sales were carried out under a previously established Rule 10b5-1 trading plan adopted on September 2, 2025. The shares were sold indirectly through multiple trusts: Canis Major 2024 Irrevocable Trust LLC, Canis Major 2025 Family Trust LLC, Canis Minor 2025 Family Trust LLC and Canis Major SM Trust.
Concurrent conversion of Class B shares
On the same date, McBee also converted 5,000 shares of Class B common stock held in trust into Class A common stock. The conversion did not involve any purchase price.
Market context and valuation
At the time of the filings, CoreWeave shares were trading at $97.14, representing a 143% return over the prior 12 months. InvestingPro analysis cited in the filing places the stock close to its Fair Value and notes the company carries a market capitalization of $49.75 billion. The InvestingPro material also referenced additional tips and a Pro Research Report available to subscribers.
Recent company and analyst developments
CoreWeave has been active on multiple fronts recently. The company launched an integrated brand campaign titled "Ready for Anything, Ready for AI" during the Winter Olympics, featuring Chance the Rapper, with the stated aim of positioning CoreWeave as "The Essential Cloud for AI."
On the analyst side, HSBC lowered its price target for CoreWeave to $41 and maintained a Reduce rating, citing concerns about rising interest costs and a 250 basis point widening in the company's credit default spreads. By contrast, Citizens reiterated a Market Outperform rating and set a $180 price target, pointing to CoreWeave's presence in the GPU-as-a-Service market and a reported revenue backlog in excess of $56 billion.
Other insider activity
Separately, CoreWeave's CEO, Michael Intrator, disclosed the sale of 32,455 shares of Class A common stock, executed at prices ranging from $89.29 to $97.10 per share.
What the filings show and what they do not
The regulatory filings detail the mechanics of McBee's transactions - the number of shares sold, the price range, the use of a Rule 10b5-1 plan and the trusts through which sales were effected, as well as the conversion of Class B into Class A shares without cash consideration. The filings do not provide further commentary from McBee or the company on the rationale behind the sale or conversion beyond the procedural information and the timing under the trading plan.
Bottom line
The reported insider sale and simultaneous conversion of Class B to Class A shares are clear in their scope and execution. These moves occurred as the stock traded near levels that InvestingPro judged to be close to Fair Value and against a backdrop of divergent analyst views and recent corporate marketing activity.