CoreWeave CEO sells $35.8M stock
- CoreWeave disclosed that Chief Executive Officer Michael Intrator sold 307,693 shares on April 21, 2026, in open-market transactions filed April 22, with the sales executed under a Rule 10b5-1 trading plan. - The filing shows roughly $35.8 million in proceeds at prices from about $114.71 to $120.33, while Intrator still directly held 5,066,501 Class A shares after the transactions. - The sale landed after CoreWeave’s April deal streak, including a $6 billion Jane Street contract and new debt financing, during a sharp post-IPO run in AI infrastructure stocks. (reuters.com)
CoreWeave Chief Executive Officer Michael Intrator sold 307,693 shares on April 21, according to a Form 4 filed with the Securities and Exchange Commission on April 22. (sec.gov) The filing says the shares were sold in several blocks at prices ranging from about $114.71 to $120.33 per share. The Form 4 is marked as a Rule 10b5-1 plan trade, meaning the sales were prearranged under a written trading plan. (sec.gov) Those transactions totaled about $35.8 million, based on the prices and share counts in the filing. After the sales, Intrator still directly owned 5,066,501 Class A shares. (sec.gov) Part of the filing also shows 107,693 Class B shares at Omnadora Capital LLC converting into Class A shares on April 21 before related sales. CoreWeave’s registration documents say each Class B share carries 10 votes and can convert into one Class A share. (sec.gov 1) (sec.gov 2) That structure means insider sales do not automatically translate into a loss of control. CoreWeave’s founders kept control through super-voting Class B stock when the company went public on Nasdaq under the ticker CRWV on March 28, 2025. (sec.gov) (coreweave.com) The timing also intersects with a burst of new CoreWeave announcements this month. Reuters reported on April 15 that Jane Street committed about $6 billion for CoreWeave cloud services and invested $1 billion in equity. (reuters.com) CoreWeave also announced a multi-year agreement with Anthropic on April 9 and priced $1 billion of 9.750% senior notes due 2031 on April 16, according to its investor relations site. The company said on April 17 that it will report first-quarter 2026 results on May 7. (coreweave.com) In its 2025 annual report materials published April 22, CoreWeave said it generated $5.13 billion in 2025 revenue. The company’s annual report also said it had 419,028,081 Class A shares and 106,660,052 Class B shares outstanding as of January 31, 2026. (finance.yahoo.com) (sec.gov) For investors, the filing answers one narrow question and leaves the bigger one for earnings. The sale was scheduled in advance, and Intrator still holds a large equity stake as CoreWeave heads into its May 7 results. (sec.gov) (coreweave.com)
