Nebius, AI Infrastructure Firm, Key Executives Cash Out $100 Million Stake

Nebius Group N.V. (NBIS)’s Chief Infrastructure Officer Andrey Korolenko exercised 500,000 stock options on May 13 and immediately sold the same number of Class A common shares at $203.24 per share, securing approximately $101.6 million (about KRW 140 billion) in cash. After the transaction, Korolenko’s direct holdings fell to 585,209 shares, but filings indicate he still holds equity worth roughly $118.9 million (around KRW 160 billion) based on the sale price. The option exercise was recorded as a non-cash transaction and represents part of a 1.5 million-share option package that vests quarterly beginning March 2025. As a foreign private issuer, the company’s insiders are exempt from U.S. short-swing profit rules under the Securities Exchange Act.

On May 15, Chief Revenue Officer Marc Boroditsky sold 4,500 Class A common shares under a pre-established Rule 10b5-1 trading plan at about $217.55 per share, disposing of approximately $979,000 (around KRW 1.3 billion) of equity. Following the sale, his direct holdings declined to 37,662 shares.

In its Q1 2026 results released on May 13 (see ), the company reported revenue of $399 million, up sharply from $50.9 million in the year-ago quarter, and delivered a net profit of about $621.2 million (around KRW 840 billion), driven in part by equity valuation gains, marking a return to profitability.

Nebius Group N.V. (NBIS) is an Amsterdam-based AI infrastructure and cloud company that provides large-scale GPU clusters and AI-optimized cloud platforms. The company is listed on Nasdaq. ()