CoreWeave's CEO Dumps Over 300,000 Shares Worth $27.3 Million
Michael N. Intrator, CEO and President of CoreWeave, Inc. (NASDAQ:CRWV), completed the sale of ~308,000 shares of Class A Common Stock on August 25, 2026, for total proceeds of approximately $27.3 million, as disclosed in a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | ~$27.3 million |
| Shares sold (aggregate) | ~308,000 |
| Shares sold (directly held) | ~200,000 |
| Shares sold (indirectly held) | ~108,000 |
| Post-transaction shares (directly held) | ~1.5 million |
| Post-transaction value | $130.93 million |
| Insider ownership | 0.27% |
Transaction value based on SEC Form 4 weighted average sale price ($88.60); post-transaction value based on August 25, 2026 market close ($88.04).
Key questions
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What was the technical structure of this transaction?
The disposition followed a conversion of Class B Common Stock into Class A Common Stock, with the indirect portion sourced from holdings at Omnadora Capital LLC and entities including the Intrator Family GST-Exempt Trust and the Intrator Family Trust. -
How much equity exposure does Michael Intrator retain?
Following the sale, the CEO directly holds 1,487,129 shares of Class A Common Stock and maintains significant additional exposure through ~21.9 million direct and ~30.0 million indirect derivative securities, including Class B shares held by his spouse and family trusts. -
Does this activity reflect discretionary market timing?
The sale was mandated by a Rule 10b5-1 trading plan established in November 2025, which removes discretionary control over the timing and execution price of the trades to ensure compliance with insider trading regulations. -
How was the execution price determined?
Shares were sold in multiple tranches at weighted average prices ranging from $87.78 to $90.11 per share, occurring as the stock was priced at $88.01 as of the August 26, 2026 market close.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-26) | $88.01 |
| Market Capitalization | $48.0 billion |
| Revenue (TTM) | $7.6 billion |
| Net Income (TTM) | -$1.9 billion |
Company Snapshot
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CoreWeave operates a specialized cloud computing platform providing high-performance GPU and CPU compute resources, storage solutions, advanced networking capabilities, and fully managed services tailored for generative AI applications and intensive enterprise compute workloads.
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The company generates revenue through a flexible infrastructure-as-a-service model, offering clients the choice between virtual servers and bare-metal configurations to support their computational requirements at scale.
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CoreWeave primarily serves large enterprises and organizations deploying generative AI applications, positioning itself as a critical infrastructure provider for enterprises requiring specialized compute capabilities beyond traditional cloud offerings.