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Limited seats available, first come first served. Let us join together for the sustainable appointment! [Click to register] Since its initial public offering last year, three co-founders of CoreWeave, Inc. (CRWV) have sold $3.3 billion worth of company stock, cashing out as rising credit risks and investor wariness over AI spending triggered stock price volatility.
Michael Intrator, Brian Venturo and Brannin McBee saw their wealth surge last year after CoreWeave's stock soared following its March 2025 IPO, joining the global 500 richest index. The stock rose 359% from its offering price and peaked three months later, pushing Intrator's net worth to $11.8 billion. As the company's stock fell more than 60% from that high, the three have cashed out billions of dollars, with $2.4 billion coming this year alone. At today's closing price, the shares they have reduced since the IPO would be worth nearly one-third less than the pre-tax proceeds from their stock sales.
"Our co-founders remain three of CoreWeave's top six shareholders, collectively holding approximately 20% of the company," a company spokesperson said in an emailed statement. "They are making personal financial planning decisions that any responsible founder with concentrated equity would make. All sales are pre-arranged, fully disclosed and entirely standard."
CoreWeave shares fell 15% on Wednesday and rebounded slightly on Thursday. This followed McBee's comments in an interview about obtaining "unlimited" capital from insurance companies, which pushed the company's credit risk indicators to historic highs.
Stock Sales
According to compiled filing data, after cashing out less than $70 million in stock last year, Intrator accelerated his selling pace in 2026, reducing more than $907 million worth of company stock since January 1. This made him one of the top five insider sellers at any U.S. company for two consecutive quarters. The shares he sold represent 16.5% of his undiluted equity as of the IPO date.
In percentage terms, McBee sold more — he has sold $1.06 billion since the IPO, with $577 million coming this year alone, equivalent to 40.4% of his undiluted holdings as of the company's listing. According to the wealth index, nearly 40% of McBee's wealth is now held in cash and equivalents.
Venturo sold $734 million worth of stock in the second quarter, making him the second-largest insider seller at any U.S. company during that period and pushing his total sales since CoreWeave's IPO past $1.2 billion. He has sold more than 35% of his IPO holdings.
While these sales protected part of their net worth, CoreWeave's stock decline has caused each of the three billionaires to suffer significant losses. Since CoreWeave reached its peak in June 2025, they have collectively lost $15 billion in paper wealth.
Even before the company went public, the three co-founders had already cashed out millions of dollars through pre-IPO sales. According to a prospectus filed with the U.S. Securities and Exchange Commission, Intrator, Venturo and McBee collectively sold $488 million worth of stock in 2023 and 2024 through separate tender offers.
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