CoreWeave Founders Cash Out $3.3B Since IPO as Stock Plunges 60%

CoreWeave's three co-founders have liquidated $3.3 billion worth of company shares since their March 2025 initial public offering. The volume of insider sales has accelerated recently, with roughly $2.4 billion changing hands in 2026 alone. The stock has plummeted more than 60% from its June 2025 high amid mounting investor concerns regarding AI infrastructure spending and associated credit risk. The founders executed most of these trades through prearranged 10b5-1 plans, citing liquidity and diversification while maintaining a combined 18% ownership stake. Prior to the public listing, the founders—who originally launched the firm in 2017 as an Ethereum mining operation—completed $488 million in private stock sales between 2023 and 2024.