AI Cloud Unicorn Executive Sells Off Shares Worth 100 Billion Won

Jack D. Cogen, a director at U.S. AI cloud infrastructure provider CoreWeave, Inc. (NASDAQ: CRWV), and Chief Strategy Officer Brian M. Venturo converted their Class B common shares into Class A shares in late May to early June and then gradually sold them on the open market. Cogen realized approximately $71 million in proceeds.

Venturo sold part of his stake held through West Clay Capital and various family trusts under a pre-arranged Rule 10b5-1 trading plan, disposing of shares at about $100–$105 each. While this transaction largely eliminated his direct Class A holdings, he still retains millions of shares indirectly based on the Class B conversion ratio.

On June 3, the Venturo family trust further liquidated around 16,000 shares at roughly $111–$120 per share—raising about $1.9 million—yet Venturo continues to hold indirect equity in CoreWeave through multiple family trusts, LLCs and spousal holdings.

Recently, CoreWeave signed a hosting agreement at Galaxy Digital’s Helios data-center campus, securing an additional 260 MW of power capacity for AI and high-performance computing operations, bringing its total contracted capacity at that site to about 393 MW. In January, NVIDIA made a $2 billion strategic investment—equivalent to roughly a 6% equity stake—further strengthening the companies’ long-term AI infrastructure partnership.

Founded in 2017 and headquartered in New Jersey, CoreWeave is a specialized AI cloud provider offering NVIDIA GPU-based high-performance compute infrastructure to major tech clients such as Microsoft, OpenAI and Meta. Since its 2025 NASDAQ listing, the company has signed multiple multibillion-dollar long-term infrastructure agreements with Meta, OpenAI and Anthropic, and is aggressively investing to expand its AI data-center capacity to over 5 GW by 2030.