AI Infrastructure Executive Sells $100 Million Stake After Exercising Stock Options

On May 13, Nebius Group N.V. (NBIS) Chief Infrastructure Officer Andrey Korolenko exercised 500,000 stock options at $100 per share and immediately sold 500,000 common shares at $203.24 per share, raising approximately $100 million (about ₩140 billion). As a result, his direct holdings fell from roughly 1,085,000 shares to 585,000 shares, with the remaining stake valued at about $120 million (around ₩170 billion) based on the transaction price. This sale was executed under a Rule 10b5-1 trading plan established on December 2, 2025, and the exercised options are part of a 1.5 million–share stock-option package that vests quarterly beginning March 31, 2025.

In March, Nebius signed a five-year AI infrastructure supply agreement with Meta worth up to $27 billion (approximately ₩38 trillion). On March 11, Nvidia announced plans to invest $2 billion (around ₩3 trillion) in the company, marking consecutive high-profile partnerships. In its Q1 2026 financial results released May 13, Nebius reported revenue of $399 million, a significant year-over-year increase.

Nebius Group N.V., headquartered in Amsterdam, is an AI cloud infrastructure company providing large-scale GPU clusters and a cloud platform. Through subsidiaries such as Abridge and TripleTen, the company is listed on Nasdaq. Nebius was formed in 2024 when Yandex N.V., previously the parent of Russian IT firm Yandex, sold its Russian assets and rebranded. Since then, it has expanded its global AI infrastructure business across Europe and North America.