CoreWeave Chief Executive Michael Intrator announced on Wednesday that he had terminated his 10b5-1 stock sale plan, stating that any future share dispositions would be limited to routine tax-related transactions. Under the program announced in November 2025, Intrator had previously sold 8.26 million shares at an average price of $96.14 per share, generating approximately $794.2 million in proceeds.
The decision came as the company released third-quarter financial results that exceeded market expectations, including 168% year-over-year revenue growth and an updated forecast for the full year. Following the earnings announcement, CoreWeave’s stock experienced a 20% rally in extended trading, providing relief to shareholders who had witnessed the shares decline approximately 27% over the preceding month.
Intrator and the company’s co-founders had faced scrutiny regarding their equity sales at a time when CoreWeave’s stock faced headwinds. Despite the recent earnings-driven recovery, shares remained down 18% for the year. The company has contended with broader market pressures stemming from rising interest rates and concerns about the durability of the artificial intelligence infrastructure investment cycle.
Concerns about CoreWeave’s growth trajectory intensified following recent electoral developments, as voters approved restrictions on data center development in 40 of 41 ballot measures across 10 states. On the earnings call, Intrator dismissed regulatory concerns, stating the company anticipated no adverse impact from the political changes and remained focused on operating as a responsible corporate citizen. CoreWeave maintained its projection for 1.85 gigawatts of active power capacity by year-end and raised its full-year capital expenditure guidance to a range of $37 billion to $39 billion, representing implied growth of 155% at the midpoint of the forecast range.
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