CoreWeave CEO Michael Intrator and entities linked to him have sold nearly $1 billion worth of stock since the company's IPO in March last year, according to regulatory filings reported by economictimes.indiatimes.com. The sales began about two months after CoreWeave's shares peaked in June 2025 and have continued amid a 24% drop in stock value this week.
The filings show that Intrator and affiliated entities, including Omnadora Capital and two trusts, sold more than 10 million shares. Most sales were conducted under prearranged trading plans, which schedule share sales in advance and do not necessarily indicate management's view of the company. Approximately $40 million of the sales were sell-to-cover transactions to cover taxes on vested stock.
CoreWeave's stock decline coincides with investor concerns over the company's heavy capital expenditure and debt load, driven by rapid expansion of its data-center footprint and increased spending on Nvidia chips to meet AI computing demand. Despite this, the company has built a revenue backlog exceeding $129 billion. CoreWeave's valuation stood at $38.44 billion as of the most recent close.
The stock sales reflect CoreWeave's aggressive growth strategy in the AI cloud sector, supported by Nvidia. The company's shares have been volatile since the IPO, with the CEO's sales occurring alongside the company's efforts to scale infrastructure and capture market demand.