CoreWeave Shares Fall 7% After $35.9M CEO Stock Sale and Nasdaq 100 Debut
CRWV•CoreWeave shares dropped over 7% after CEO Michael Intrator sold 307,692 shares for $35.9M at $107.91–119.44 and CFO Nitin Agrawal offloaded $5.96M under 10b5-1 plans. The stock also slid 5% as it joined the Nasdaq 100, reflecting continued founder sales totaling $2.3B since August 2025.
1. Insider Sales Drive Shares Lower
On June 16, CEO Michael Intrator sold 307,692 Class A shares for proceeds of $35.9 million at prices between $107.91 and $119.44. CFO Nitin Agrawal followed suit on June 11, selling $5.96 million in stock under the same pre-arranged 10b5-1 trading plan, triggering a 7.03% intraday decline.
2. Nasdaq 100 Inclusion and Founder Sales
CoreWeave made its Nasdaq 100 debut on June 22, prompting a 5% midday drop as investors reacted to significant insider selling. Since the expiry of its IPO lockup in August 2025, founders have disposed of over $2.3 billion in shares, with Chief Strategy Officer Brian Venturo accounting for more than $1.1 billion of the total.
