Goldberg Chen, Executive Vice President of Product & Engineering at CoreWeave, Inc. (NASDAQ:CRWV), sold shares worth approximately $1,421,586 on May 20, 2026, following the vesting of restricted stock units (RSUs).
Chen sold a total of 14,168 shares of Class A Common Stock. Of these, 8,627 shares were sold to satisfy tax withholding obligations, and the remaining 5,541 shares were sold under a Rule 10b5-1 trading plan. The shares were sold at weighted average prices ranging from $98.835 to $101.8677 per share.
The sales come as CoreWeave shares have surged 47% year-to-date to $105.46, according to Bond.az data. The stock appears undervalued, with analyst price targets ranging from $36 to $295.
Prior to the sales, Chen acquired 16,732 shares through RSU vesting. Following the transactions, he directly holds 64,909 shares of CoreWeave Class A Common Stock.
In other recent news, CoreWeave announced a $3.1 billion delayed draw term loan facility to expand its AI cloud platform. It also launched CoreWeave Sandboxes for secure AI development environments.
Evercore ISI reiterated an Outperform rating for CoreWeave, citing positive AI demand, while Bernstein maintained an Underperform rating, highlighting competition from a joint venture between Google and Blackstone.
