CoreWeave Insiders Offload $147M in Shares Post Lock-Up Expiry

Magnetar Financial LLC, a major stakeholder in AI cloud firm CoreWeave, divested $147 million worth of shares this week as the IPO lock-up period lapsed. The sales—executed in two tranches totaling 1.47 million shares—coincide with 84% of Class A shares becoming freely tradable for the first time since the company's March 2025 debut.

While insider selling often raises eyebrows, the motivations here remain opaque. The transactions could reflect profit-taking after a strong post-IPO performance or strategic portfolio rebalancing. Notably, CoreWeave insiders have sold over $1 billion in equity this month alone.

The cloud computing specialist, positioned at the intersection of AI infrastructure and decentralized networks, has drawn parallels to crypto-native projects. Its share movements may indirectly signal institutional sentiment toward tech assets with blockchain adjacencies.