A regulatory filing revealed on September 25 that John Wilson Boynton IV, Chairman of the Board at Nebius Group, sold company shares. The transaction took place on September 15 and involved 6,364 shares, valued at approximately $1.3 million. Boynton still holds over 410,000 shares.
Nebius shares had gained 128% in the year leading up to the transaction. The stock surged on September 24 after BNP Paribas raised its price target. The move also followed news of upcoming price increases for Nebius’s GPU services, amid strong demand.