CoreWeave, Inc. (NASDAQ: CRWV) Chief Executive Officer Michael N. Intrator sold 307,692 shares of Class A common stock.
The transaction totaled approximately $30.2 million.
SEC filings show the trades occurred on May 19.
The executive executed the trades under a pre-arranged Rule 10b5-1 trading plan.
This sale follows a separate transaction by co-founder and Chief Strategy Officer Brian Venturo.
Venturo sold $38 million in stock earlier in the week.
The stock experienced a moderate pullback on May 22.
It closed down 1.94%.
The closing price was $105.49.
Analysts noted these automatic sales do not signal fundamental issues.
The high-volume executive offloading temporarily cooled recent positive sentiment.