CoreWeave's CEO Just Appeared in a $21.4 Million Sell Filing
CoreWeave CEO Michael Intrator converted 200,000 Class B shares to Class A and sold at $106.81 under a December 2025 10b5-1 plan. 12.45M Class B super-voting shares retained in revocable trust.
π΄ Insider Activity Score: 97/100
Michael N. Intrator, CEO and President of CoreWeave, filed a Form 4 on June 25, 2026 disclosing the zero-cost conversion of 200,000 Class B super-voting shares to Class A common on a 1:1 basis and the immediate open-market sale at a volume-weighted average of $106.8141 for approximately $21,362,822 β governed by a Rule 10b5-1 plan adopted on December 15, 2025. Following the distribution, Intrator retains 12,450,880 Class B super-voting shares inside the Michael N. Intrator Revocable Trust. The December plan ran the conversion-and-sale. The 12.45 million Class B shares in the trust are the CEO's actual AI cloud governance commitment.
The December 15, 2025 Plan: Six Months of Temporal Insulation
The plan adoption date of December 15, 2025 β approximately six months before the June 25 execution β places the CEO's distribution decision entirely outside the informational context of the current AI cloud infrastructure momentum that produced the $106.81 execution price.
In December 2025, CoreWeave was a recently public company β the March 5, 2026 IPO had not yet occurred. The December 15 plan was adopted before the IPO itself, before the post-listing appreciation cycle that elevated the stock above $100, and before the specific AI infrastructure demand narrative that has driven institutional attention to the company's GPU-accelerated cloud platform. A plan designed before the IPO executed at the post-IPO appreciation price β the December calendar collecting whatever the AI cloud cycle delivered in June.
This is temporally distinct from the co-founder Brannin McBee's March 5, 2026 IPO-day plan documented in this series' prior CoreWeave analysis β Intrator's December 2025 plan predates even the IPO date, making it the earliest-vintage plan in the CoreWeave series and the most complete temporal insulation available in the post-IPO window.
The Revocable Trust Architecture: 12.45 Million Class B Shares
The Michael N. Intrator Revocable Trust holding 12,450,880 Class B super-voting shares is the specific estate planning vehicle through which the CEO manages his CoreWeave governance foundation β a revocable trust structure that concentrates the super-voting Class B position within a single managed vehicle while the direct account participates in the plan's systematic Class B conversion-and-sale program.
At $106.81, 12,450,880 Class B shares represent approximately $1.329 billion in revocable trust equity exposure β the CEO's dominant personal and estate financial commitment to CoreWeave's AI cloud infrastructure platform, entirely intact following the plan's 200,000-share conversion.
The 200,000 shares converted and sold represent approximately 1.58% of the combined pre-distribution Class B position β a fractional plan-governed diversification event that reduces the Class B pool by less than two cents on every dollar of the combined position value.
The $106.81 Execution: CoreWeave's Post-IPO Trajectory
This series documented co-founder McBee's June 10 IPO-day plan execution at $98.60 to $104.25 β approximately $2.56 to $8.21 below the June 25 CEO execution price of $106.81. The progression from the co-founder's $98 to $104 execution range to the CEO's $106.81 confirms CoreWeave's continued post-IPO appreciation, with the AI cloud infrastructure narrative sustaining the stock above the $100 threshold across successive plan execution windows.
The CEO's pre-IPO December plan collecting $106.81 β approximately 167% above the March 5 IPO price of $40 β is the AI cloud demand cycle delivering a return on a plan adopted when the stock hadn't yet traded publicly.
About CoreWeave, Inc.
CoreWeave, Inc. is a specialized GPU cloud infrastructure provider whose NVIDIA-accelerated computing platform serves AI training, inference, and high-performance computing workloads for enterprises, AI companies, and research institutions. CEO Michael N. Intrator retains 12,450,880 Class B super-voting shares inside the Michael N. Intrator Revocable Trust following the December 15, 2025 Rule 10b5-1 plan's execution of 200,000 converted Class A shares for approximately $21,362,822. CoreWeave trades on the Nasdaq under the ticker CRWV.
How to Think About This
Intrator's pre-IPO December plan scores 97/100 β the alarm-management calibration for a CoreWeave CEO sell filing at an AI cloud infrastructure company trading above $100, with the December 2025 pre-IPO adoption date providing the most complete temporal insulation in the CoreWeave filing series and the 12.45 million Class B revocable trust position confirming the governance foundation is overwhelmingly intact.
The December plan predates the IPO. The March IPO priced at $40. The June plan execution cleared at $106.81. The 1.58% fractional extraction leaves 12.45 million Class B shares β approximately $1.329 billion β inside the trust at whatever the AI cloud infrastructure cycle delivers next.