CoreWeave CEO cancels share sale program after beating revenue expectations

TechnologyInternationalCNBCNov 11, 2026, 9:20 AMAI summary

CoreWeave CEO Michael Intrator told CNBC he canceled his 10b5-1 stock sale plan after the company's third-quarter results, in which it beat estimates with 168% year-over-year revenue growth and raised its 2026 forecast. Under that plan, announced in November 2025, he had sold 8.26 million shares at an average price of $96.14, for $794.2 million. Intrator said he does not anticipate any impact from the regulatory shift following the Democratic electoral victory.

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Intrator canceled his 10b5-1 plan until there is a material change in the share price; he said any further selling would be "just normal tax stuff."
Under the plan announced in November 2025 he sold 8.26 million shares at an average of $96.14, for $794.2 million.
CoreWeave reported 168% year-over-year revenue growth, beat estimates and raised its 2026 forecast.

Read the full story at CNBC

IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.

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CoreWeave CEO cancels share sale program after beating revenue expectations

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