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via seekingalpha.comBusiness & Companies

CoreWeave CEO says he has cancelled his 10b5-1 selling plan

FROM THE WIRE · SEEKINGALPHA.COM

CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) CEO Michael Intrator said he's cancelled his 10b5-1 plan. "I cancelled my 10b-5," Intrator said in an interview on CNBC on Wednesday. "It is done. Any kind of selling from us will just be RSUs, kinda normal tax stuff."…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishCancelling the insider selling plan reduces fears of insider sales and can support the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CEO Michael Intrator said on CNBC that he has cancelled his 10b5-1 plan.
  2. 02Any future selling would be limited to RSUs for normal tax purposes.
  3. 03Shares jumped 20% after the company reported third-quarter results.
  4. 04Intrator said the plan stays silenced until there is a material change in equity pricing.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
CoreWeave, Inc. Class A Common StockCRWVStock59.33 USD+2.56%today +21.74%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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