CoreWeave CEO Mike Intrator sold about $85 million worth of stock in the heavily indebted AI company between September 15 and September 30.

Those same shares have since lost more than a quarter of their value.

Insider selling is rampant at the company whose stock has lost $18 billion in market cap and more than 46% of its share price since joining the Nasdaq 100 index.

  • CFO Nitin Agrawal sold at about $80 a share on Monday.
  • CRO Jonathan Jones sold at about $77 on Tuesday, while the company’s cost to borrow skyrocketed to 15% annually on its 2032 bonds and shares plunged 15% one day later.
  • General counsel Kristen McVeety sold 97,500 shares near $94 on September 8, taking in $9 million.
  • Co-founder Brannin McBee sold 250,000 shares at about $106 on August 17, raising $27 million for himself.

This week, McBee told the Financial Times that CoreWeave is looking to borrow even more money.

[](https://protos.com/wp-content/uploads/2026/10/Screenshot-2026-10-15-at-11.43.28-AM-2.png)Chart of CoreWeave since joining the Nasdaq 100 on June 22.

Read more: CoreWeave down 32% since joining the Nasdaq 100

CEO sells cheaper and cheaper CoreWeave stock

Although the CEO has sold a regular, weekly block of about 307,700 shares, the value of his sales has been collapsing alongside CoreWeave’s stock price.

  • On May 5, that block fetched $39 million at about $128 per share.
  • On September 8, it raised $31 million near $100 per share.
  • On September 22, it yielded $27 million near $87 per share.
  • At Thursday’s price near $60, his block would bring in less than $19 million .

All told, officers and directors have sold about $740 million of CoreWeave stock since the company joined the normally prestigious Nasdaq 100 index on June 22.

Shares opened that day near $119 yet opened for trading today below $62. Lenders to the company are pricing distress.

CoreWeave’s cost to borrow on 2031 maturity bonds soared above 16% — nearing credit card interest rates.

Credit default swaps on CoreWeave implied roughly a 63% chance of defaultwithin five years.

At the end of June, the company owed roughly $52 billion in combined debt and lease obligations.

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