CoreWeave CEO Sells Company Shares Worth Billions

On March 11, Michael N. Intrator, CEO and President of CoreWeave, Inc. (NASDAQ: CRWV), sold approximately 80,000 shares of Class A common stock on the open market under a pre-established Rule 10b5-1 trading plan, combining his directly held shares with those held indirectly through Omnadora Capital LLC. The shares traded between $78.60 and $82.50 each, generating total proceeds of about $6.5 million (roughly KRW 9 billion). After the sale, Intrator still holds a substantial economic interest in the company, with around 5.7 million directly owned shares plus additional interests via trusts, shares held by his spouse, and convertible Class B common shares.

That same day, CFO Nitin Agrawal sold roughly 63,000 shares at $79.68 per share to cover tax withholding on the conversion of approximately 122,000 restricted stock units (RSUs) into an equal number of Class A shares, netting about $5.0 million (around KRW 7 billion). On March 10, Chief Accounting Officer Jeff Baker sold several thousand Class A shares in the open market, reducing his direct holdings to about 36,000 shares.

On February 26, CoreWeave announced its fourth-quarter and full-year 2025 results, reporting annual revenue of $5.1 billion, a backlog of $66.8 billion, and capital expenditures of $14.9 billion. The company also issued 2026 capex guidance of $30–35 billion (approximately KRW 40–50 trillion). Following these disclosures, multiple securities-litigation firms have filed class-action lawsuits against CoreWeave and its management and are actively recruiting plaintiffs. Meanwhile, the company is expanding its AI cloud business through a multi-year strategic partnership with Perplexity and the launch of its “Flexible Capacity Plans.”

Headquartered in New Jersey, CoreWeave is an AI-focused cloud-infrastructure provider offering high-performance GPU-based infrastructure and management software via CoreWeave Cloud for generative AI and high-performance computing workloads. Founded in 2017, the company went public on NASDAQ in March 2025, raising about $1.5 billion (around KRW 2 trillion) in its IPO. It then signed a five-year cloud agreement with OpenAI valued at roughly $12 billion (approximately KRW 16 trillion) and secured a $2.0 billion strategic investment (about KRW 2.7 trillion) from NVIDIA in January 2026, fueling large-scale data-center expansion.