AI Cloud Executive Sells $100 Million Worth of Stock Immediately After Exercising Stock Options

Nebius Group N.V. (NASDAQ: NBIS) announced that its Chief Infrastructure Officer exercised stock options on May 13 to acquire 500,000 Class A common shares and immediately sold them, realizing approximately $100 million (about KRW 140 billion) in cash.

Following this transaction, the officer’s direct holdings fell to roughly 580,000 shares, but at the transaction price those shares still represent about $120 million (approximately KRW 170 billion) in value.

On May 15, Nebius’s Chief Revenue Officer sold around 4,000 shares under a pre-established Rule 10b5-1 trading plan, converting roughly $1 million (about KRW 1.4 billion) into cash. As a foreign issuer under U.S. securities laws, these transactions are exempt from short-swing profit restrictions.

In its first-quarter 2026 financial results released May 13, Nebius reported substantial year-over-year revenue growth and highlighted the expansion of its AI cloud infrastructure business, noting gigawatt-scale AI factory construction projects underway in both the U.S. and Europe.

Recently, the company forged a full-stack AI cloud partnership with NVIDIA and raised approximately $4 billion (around KRW 5.6 trillion) through a convertible bond issuance to fund large-scale capital investments, underscoring its aggressive growth strategy.

Headquartered in Amsterdam, Nebius Group N.V. is an AI infrastructure and cloud services provider listed on Nasdaq under the ticker NBIS. The company was formed in 2024 by spinning off and reorganizing Yandex’s non-Russian operations under the new Nebius brand, and delivers global AI infrastructure and software solutions through subsidiaries such as Avride and TripleTen.