CoreWeave CEO Michael Intrator sold 200,000 shares of the company. The shares were worth approximately $17.33 million.
The sale was conducted under a pre-arranged Rule 10b5-1 trading plan. It reduced Intrator’s direct ownership in the AI-focused cloud provider by 29.11%.
CoreWeave continues to post triple-digit revenue growth, but remains unprofitable and carries substantial debt to fund its infrastructure expansion. Analyst sentiment remains broadly positive, while investors weigh the company’s financing needs and the high volume of insider selling.