'CoreWeave' CEO Sells Shares Worth 40 Billion Won... Still Retains Significant Stake

Michael N. Intrater, Chief Executive Officer, and Brian M. Venturo, Chief Strategy Officer of CoreWeave, Inc. (NASDAQ: CRWV), an American AI cloud provider, sold portions of their Class A common stock in early June under prearranged Rule 10b5-1 trading plans.

Intrater monetized approximately $29.6 million (about ₩40 billion) of shares, including those held in his own name and by Omnadora Capital LLC, while Venturo converted a portion of his Class B shares—held through a family trust and an investment vehicle—into Class A shares and then sold some of them.

Public filings show both executives still directly and indirectly hold millions of Class A and Class B shares through family trusts, grantor retained annuity trusts (GRATs), and spousal holdings, indicating they retain substantial economic interests and voting influence.

In April, CoreWeave announced it had expanded its long-term AI cloud infrastructure agreement with Meta Platforms through 2032, valued at approximately $21 billion (around ₩30 trillion). In June, Nasdaq revealed it will add CoreWeave to the Nasdaq-100 index effective with the regular rebalance on June 22.

Founded in 2017 as a GPU-based cryptocurrency miner, CoreWeave is now a New Jersey–based AI cloud company providing high-performance GPU infrastructure to AI developers and enterprises. It went public on Nasdaq under the ticker CRWV in March 2025. Through major partnerships with Nvidia, OpenAI, and Meta and ongoing data-center expansions, CoreWeave has emerged as a key AI infrastructure player; its large-scale supply agreements and Nasdaq-100 inclusion are further strengthening its market position.