AI Infrastructure Company Executives Sell Shares Worth Billions for RSU Vesting Tax Purposes

Regulatory filings show that at AI cloud infrastructure company Nebius Group N.V. (NASDAQ: NBIS), CEO Arkadiy Volozh, the chief technology officer, and the head of infrastructure automatically sold a portion of their shares to cover withholding taxes triggered by restricted stock unit (RSU) vesting. On April 1, CEO Arkadiy Volozh disposed of approximately 30,000 Class A common shares for about $3.46 million (around KRW 4.5 billion) and still holds a stake valued at roughly $90 million (about KRW 1.1 trillion) after the transaction. CTO Danila Shtan and Infrastructure Head Andrey Korolenko each sold shares on March 31 worth approximately $1.33 million (around KRW 1.7 billion) and $2.66 million (roughly KRW 3.5 billion), respectively, for tax-withholding purposes. All three transactions were non-discretionary trades executed under pre-arranged instructions in accordance with their RSU agreements.

Meanwhile, on March 11, Nebius Group announced a private placement securing about $2 billion (roughly KRW 2.6 trillion) in strategic investment from Nvidia, and on March 16 disclosed a long-term AI infrastructure supply agreement with Meta worth up to $27 billion over five years (approximately KRW 35 trillion). ()

Nebius Group, headquartered in Amsterdam, the Netherlands, is a Nasdaq-listed AI infrastructure and cloud company offering large-scale GPU clusters and an AI-specialized cloud platform. Its former parent, Yandex N.V., divested its Russian assets and renamed itself Nebius Group N.V. in 2024. Arkadiy Volozh, a co-founder of Yandex, currently serves as CEO. ()