CoreWeave Inc (NYSE:CRWV) stock declined 3.3% on Tuesday after a regulatory filing disclosed share sales by Chief Executive Officer and President Michael Intrator.
The filing shows Intrator directly sold 32,455 Class A common shares that he owned in several transactions on February 11, 2026. The reported sale prices ranged from about $89.29 to $97.10 per share.
In addition to those direct sales, Intrator converted 50,000 Class B common shares into Class A common shares through Omnadora Capital LLC, an entity he controls, and then sold all 50,000 of the converted Class A shares at prices within the same approximate range.
Despite these dispositions, Intrator continues to hold a substantial stake in CoreWeave. After the reported transactions, he directly owns 5,763,868 Class A shares. He also beneficially owns a materially larger position in Class B shares through several trusts and entities, including 21,867,489 shares held directly as well as additional shares in family trusts, according to the filing.
The sales occurred while CoreWeave is positioning itself in the competitive AI infrastructure market. The company focuses on GPU cloud computing services and has been highlighted for its emphasis on high-performance computing solutions.
CoreWeave’s share price has shown volatility in recent months as investors weigh the company’s growth outlook in the evolving AI computing environment. The company went public in 2023 and has been expanding its data center footprint to accommodate rising demand for GPU computing resources.
Market reaction on Tuesday reflected the insider activity, with the company's stock posting a modest decline following the disclosure of Intrator’s conversions and sales. The filing details, including the number of shares sold, the conversion of Class B into Class A shares via Omnadora Capital LLC, and the remaining ownership positions, form the factual basis for the market movement reported.
Key points
- CEO Michael Intrator sold 32,455 Class A shares and sold 50,000 converted Class A shares on Feb. 11, 2026, at prices roughly between $89.29 and $97.10 per share.
- Following the transactions, Intrator directly owns 5,763,868 Class A shares and beneficially holds significant additional Class B shares through trusts and entities, including 21,867,489 shares held directly.
- The company operates in the AI infrastructure and GPU cloud computing sector and has been expanding its data center footprint since going public in 2023.
Risks and uncertainties
- Insider share sales can prompt short-term share price pressure, affecting investor sentiment in the technology and cloud computing sectors.
- CoreWeave faces market volatility as investors assess its ability to scale data center capacity and meet demand for GPU computing resources.
- Concentration of ownership in Class B shares held through trusts and related entities may create complexity in assessing true free float and potential future insider transactions.