CoreWeave (CRWV) 10% Owner Michael Intrator Sells 307,692 Shares

What Happened

• Michael N. Intrator, a reported 10% owner of CoreWeave (CRWV), sold a total of 307,692 shares in multiple open-market transactions on September 29, 2026 for aggregate proceeds of approximately $26.66 million. Individual sale lots were executed at weighted-average prices in tranches roughly between $85.18 and $90.44 per share (reported per-footnote ranges).
• The filing also reports conversion of derivative securities totaling 107,692 shares (conversion entries). Footnote F8 indicates Class B shares are convertible into Class A common stock; the conversion/derivative entries relate to that mechanism. Many of the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Intrator on November 20, 2025 (footnote F1), indicating pre-scheduled selling.

Key Details

• Transaction date: 2026-09-29; filing date: 2026-10-01 (timely filed).
• Shares sold: 307,692 via open-market/private sale; total proceeds ≈ $26,661,769.
• Conversion: 107,692 shares were reported as converted from derivative securities (see F8); one conversion line shows an acquisition, another shows conversion/disposition of derivative security.
• Price range: weighted-average prices reported across multiple lots, with underlying trade prices spanning about $85.18 to $90.44 per share (see F2–F7).
• Notable footnotes: sales executed under a Rule 10b5-1 plan (F1); many reported securities are held by spouse and family trusts or entities (F11–F14, F9) — some disclaimers of beneficial ownership apply.
• Shares owned after the transactions: not provided in the excerpt supplied.

Context

• These were sales (liquidity-generating transactions) carried out under a pre-established 10b5-1 plan, which commonly indicates scheduled dispositions rather than discretionary trades. As a 10% owner (not necessarily an executive trading for corporate information), Intrator’s activity is significant for position size but should be interpreted as routine unless additional information emerges.
• The derivative conversion entries reflect conversion of convertible shares (e.g., Class B to Class A) rather than an option exercise for cashless sale; the conversion enabled sale of underlying common shares reported in the filing.