CoreWeave CEO and Affiliates Sold Nearly $1 Billion in Shares
Filings show Michael Intrator and linked entities sold more than 10 million shares since CoreWeave’s IPO, mostly through prearranged plans.
Key takeaways
- Michael Intrator and linked entities sold more than 10 million CoreWeave shares since its IPO.
- Most sales were made under prearranged trading plans, according to filings.
CoreWeave CEO Michael Intrator and entities linked to him sold nearly $1 billion of the company’s stock since its IPO in March 2025, according to regulatory filings. The sales totaled more than 10 million shares.
Most were made under prearranged trading plans, which set a schedule for selling and do not necessarily reflect management’s view of the business. About $40 million in sales were instead used to cover taxes on vested stock.
CoreWeave shares were down 11.67% at $61.56 as of Friday afternoon. The stock was on track to fall about 24% for the week, as investors weighed the company’s heavy capital spending and debt needs amid rising bets on interest-rate hikes, the report said.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
