Sunday, 17 August, 2025
CoreWeave Insiders Sell Over $1 Billion in Shares After IPO Lock-Up Ends
Following the expiration of a post-IPO lock-up, CoreWeave insiders and early investors sold more than $1 billion in shares, including a $300 million sell-off by director Jack Cogen, executed via block trades arranged by Morgan Stanley, Goldman Sachs, and JPMorgan. The stock stabilized around $100 after a 35% drop over two days, prompted by insiders cashing in and a larger-than-expected Q2 loss, in a volatile trading frenzy.
Read full story at Economic Times