NVIDIA soared more than 4.6% intraday, Jensen Huang completed this round of "cashing out", selling over $700 million worth of shares in total
Jensen Huang executed the current round of NVIDIA stock sales through a 10b5-1 trading plan. From June 14th to September 13th, he sold stocks at an average price of $118.83 per share, totaling $713 million in cash. Jensen Huang's current NVIDIA stock sale plan is valid until March 2025, but he completed all planned sales six months before the expiration date. Jensen Huang may adopt another plan to sell more shares
NVIDIA CEO Jensen Huang has completed the sale of 6 million NVIDIA shares in this round, which was part of a trading plan he adopted earlier this year, earning a total of over $700 million.
NVIDIA did not allow Jensen Huang to comment, and the company also declined to comment.
Jensen Huang executed the sale of NVIDIA shares in this round through a 10b5-1 trading plan. From June 14 to September 13, he sold shares with a minimum of 70 shares and a maximum of 75,300 shares per transaction, at prices ranging from $91.72 on August 5 to $140.24 on June 20, with an average selling price of $118.83 per share, totaling $713 million in proceeds.
Jensen Huang's current NVIDIA stock sale plan is valid until March 2025, but he has completed all planned sales six months before the expiration date.
According to a form submitted by Jensen Huang to the U.S. Securities and Exchange Commission (SEC), he sold NVIDIA shares from his personal account, which currently holds 75.4 million NVIDIA shares. Jensen Huang also holds 786 million NVIDIA shares through trusts and partnerships.
Jensen Huang is the largest individual holder of NVIDIA shares, holding 3.8% of NVIDIA shares as of the end of March this year before selling NVIDIA shares in 2024.
When preset conditions such as stock price and quantity are met, the trading plan automatically executes stock transactions. They are designed to eliminate any advantage insiders may have due to knowledge of material nonpublic information.
Jensen Huang may adopt another plan to sell more shares.
The cash-out scale of Jensen Huang's NVIDIA shares in 2024 has far exceeded that of last year. In 2023, in September, he sold 237,500 NVIDIA shares for $110 million, with an average price of $463.95 per share. This quantity and price were effective before the 1-for-10 stock split in early June this year. The 2023 sales were also planned transactions involving the purchase of shares through options.
On Tuesday, NVIDIA surged more than 4.6% intraday, breaking through $121. Although NVIDIA is more than 10% below its June high, its year-to-date gain still exceeds 140%, far outperforming the broader U.S. stock market