Key facts
- CoreWeave CEO Michael Intrator sold $37.6 million in stock.
- NVIDIA director Mark Stevens sold $221.1 million in stock.
- Airbnb director Joseph Gebbia sold $35.9 million of stock.
- Datadog director Dev Ittycheria sold $34.3 million in shares.
- Caesars Entertainment director Michael Pegram sold $1.6 million in stock.
- Axt CEO Morris Young sold $22.3 million of stock.
- Halozyme CEO Helen Torley sold $3.37 million in shares after exercising options.
- Allbirds CEO sold 15,007 shares on January 16, 2024, to cover taxes.
- Carvana CFO Mark Jenkins sold $4.49 million of class A stock.
- CoreWeave is exploring European debt markets for potential financing.
- Twfg director Michael Doak acquired 638,138 shares of stock.
- Bitfury entities sold $47.9 million in shares of Cipher Digital.
A wave of stock sales by corporate executives and directors has been reported across multiple companies, involving substantial sums. CoreWeave CEO Michael Intrator sold $37.6 million in company stock shortly after the AI infrastructure provider announced securing $1.65 billion in new funding. CoreWeave is also reportedly planning calls with European high-yield investors to discuss potential financing transactions, which may include dollar and euro bonds.
Other significant stock divestments include NVIDIA director Mark Stevens, who sold $221.1 million in stock, and Airbnb director Joseph Gebbia, who sold $35.9 million of the company's stock. Datadog director Dev Ittycheria sold $34.3 million worth of the company's stock. Caesars Entertainment director Michael Pegram sold $1.6 million worth of company stock, representing a significant portion of his ownership. Axt CEO Morris Young sold $22.3 million worth of company stock, and Halozyme CEO Helen Torley sold $3.37 million in shares after exercising her stock options.
Further executive transactions include EverCommerce CEO Eric Remer selling $196,776 worth of stock, comprising 8,300 shares. Sprinklr Chief Technology Officer Amitabh Misra sold $267,151 worth of shares in the Customer Experience Management (CXM) company. Innovex International president Mark Reddout sold $301,000 worth of company stock. Carvana CFO Mark Jenkins sold $4.49 million of the company's class A stock, following a recent sale by COO Benjamin Huston. AppLovin director Maynard G Webb Jr. sold $1.79 million in company stock. Lemonade Chief Business Officer Maya Prosor sold $64,867 worth of the company's stock. Nexstar Media Executive Vice President Russell sold $58,190 in common stock. Fastly CTO Artur Bergman sold 165,345 shares valued at $165,345. ImmunityBio director Simon Barry J. sold shares valued at $165,305.
In specific cases, Allbirds CEO sold 15,007 shares on January 16, 2024, to fulfill tax obligations, as reported via a Form 4 filing. Recursion Pharmaceuticals director Christopher Gibson sold $144,800 worth of stock, following a recent sale by CEO Najat Khan. Bitfury entities sold $47.9 million in shares of Cipher Digital, a company traded on NASDAQ. Separately, Twfg director Michael Doak acquired 638,138 shares of the company's stock, reported via the SEC's EDGAR system. CoreWeave Chief Strategy Officer Brian Venturo sold $13 million worth of company stock, comprising 75,000 shares.