CoreWeave's chief executive cancels his share sale plan after Q3 results, keeping 1.85 GW of active power as the end-2026 target

What changed

CoreWeave chief executive Michael Intrator told CNBC on 11 November that he has cancelled his 10b5-1 share sale plan after the company's third-quarter results, saying the plan is 'sidelined' until there is a material change in the share price and that any further selling would be for tax. CNBC reports he sold 8.26 million shares at an average of US$96.14 under the plan announced in November 2025, about US$794.2 million in total. CoreWeave still expects 1.85 GW of active power by the end of 2026 and now guides full-year capital expenditure of US$37bn to US$39bn (its own forecast). On the results call Intrator said the company does not expect an impact from the post-election regulatory shift; CNBC cites Ballotpedia that voters backed greater restrictions on data centres in 40 of 41 local ballot measures in 10 states on 3 November. Figures are as reported.

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