Form 4: CoreWeave CEO Sells $6.3M in Stock Under 10b5-1 Plan

CoreWeave CEO and President Michael N. Intrator sold approximately $6.3 million worth of Class A Common Stock through pre-arranged trading plans.

Summary

• Michael N. Intrator, CEO, President, Director, and 10% Owner of CoreWeave, Inc., reported transactions involving the company's Class A Common Stock.
• On December 3, 2025, Intrator directly sold 32,455 shares of Class A Common Stock at weighted average prices ranging from $74.1706 to $79.5282 per share.
• Additionally, Omnadora Capital LLC, an entity for which Intrator is the sole manager of its manager, sold 49,999 shares of Class A Common Stock on the same date at weighted average prices ranging from $74.1707 to $79.5282 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Intrator on May 23, 2025.
• Prior to the sales by Omnadora Capital LLC, 50,000 shares of Class B Common Stock held by Omnadora Capital LLC were converted into Class A Common Stock.
• Following these transactions, Intrator's direct beneficial ownership of Class A Common Stock decreased to 5,926,145 shares, and Omnadora Capital LLC's indirect beneficial ownership of Class A Common Stock became 0 shares.
• Intrator continues to beneficially own a significant number of Class B Common Stock directly and indirectly through various trusts and his spouse, including 21,867,489 shares directly, 25,249,280 shares indirectly via Omnadora Capital LLC, and other holdings through family trusts.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While a significant insider sale occurred, it was executed under a pre-arranged 10b5-1 plan, which mitigates the negative signal often associated with insider selling. It represents a planned liquidity event rather than a reaction to new, undisclosed negative information.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned liquidity event rather than an immediate reaction to new, undisclosed information.

Negatives

• A significant insider, the CEO and President, sold a substantial amount of company stock, totaling 82,454 shares for approximately $6.3 million, representing a reduction in direct and indirect holdings.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Sales of Class A Common Stock by Omnadora Capital LLC, where the reporting person is the sole manager of its manager, Omnadora Management LLC.
• Beneficial ownership of Class B Common Stock through various family trusts (Intrator Family GST-Exempt Trust, Intrator Family Trust, PMI 2024 F&F GRAT, Silver Thimble Resulting Trust) and by spouse, where the reporting person or spouse has influence or beneficiary interest.

Stakeholder Impact

• Shareholders: The sale by a key executive and significant owner could be perceived as a slight negative, though the 10b5-1 plan context lessens this impact. It provides liquidity for the insider without necessarily signaling a lack of confidence in the company's future.
• Employees: No direct impact on employees is mentioned in this filing.
• Customers/Suppliers/Creditors: No direct impact on customers, suppliers, or creditors is mentioned in this filing.

Key Dates

Recommendation

The insider sales, while substantial, were pre-planned under a 10b5-1 plan, which generally indicates a personal liquidity event rather than a reaction to new, negative company-specific information. This mitigates the typical negative signal of insider selling. Given no other financial or operational details are provided in a Form 4, a 'hold' recommendation is appropriate as this filing alone does not provide sufficient new information to warrant a change in investment thesis, but the insider selling should be noted.

Keywords

CoreWeave, CRWV, SEC Form 4, Insider Trading, Stock Sale, Michael N. Intrator, 10b5-1 Plan, Class A Common Stock, Omnadora Capital LLC, CEO