ReElement Technologies stock soars after securing $1.4B government deal
CoreWeave, Inc. (CRWV) Chief Strategy Officer Brian M Venturo, who is also a director, disposed of 226,950 shares of Class A Common Stock on October 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched prices ranging from $135.1188 to $139.7397, resulting in a total transaction value of $38.7 million. The transaction comes as CoreWeave shares have surged nearly 250% over the past year, with the stock currently trading at $133.71.
The filing reveals that the shares were sold indirectly through West Clay Capital LLC, where Venturo is the managing member.
On the same day, Venturo also converted 281,250 shares of Class B Common Stock into Class A Common Stock.
In other recent news, CoreWeave, Inc. announced that its proposed acquisition of Core Scientific has been terminated due to insufficient stockholder approval. This decision followed a special meeting where the merger agreement did not receive the necessary votes. However, CoreWeave has reached a definitive agreement to acquire Marimo Inc., which specializes in an open-source Python development environment for AI workloads. The financial terms of this acquisition were not disclosed, but the integration aims to enhance CoreWeave’s cloud platform with advanced AI development tools.
Additionally, CoreWeave has announced its plans to expand into the U.S. federal market, seeking FedRAMP and other authorizations to offer its AI cloud services to government agencies and the Defense Industrial Base. This move will focus on providing secure and compliant cloud infrastructure as government agencies increase their use of AI technologies. These developments come as CoreWeave continues to strategically position itself within the AI and cloud services sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.