CoreWeave CEO Michael Intrator cancels planned stock sale after Q3 revenue surge

CoreWeave CEO Michael Intrator announced on Wednesday that he has canceled his scheduled 10b5 stock sale plan after the company beat third-quarter expectations and reported a 168% jump in year-over-year revenue. Intrator and his co-founders had previously faced scrutiny from investors as the company's shares struggled and dropped 18% in 2026 prior to a post-earnings rally. Despite the recent cancellation of the share sale program, the company continues to face external pressures, including rising interest rates and recent political shifts impacting new data center developments across multiple states. However, leadership remains confident in the firm's pipeline and expects strong capital expenditures and active power growth through the end of 2026.