Jensen Huang finally sold out! Completed the early reduction of NVIDIA's holdings, cashing out over 4.9 billion yuan
NVIDIA CEO Jensen Huang has completed his pre-arranged stock reduction plan, cashing out over 4.9 billion RMB. According to regulatory documents, Huang reduced his holdings of NVIDIA shares by 6 million shares between June 13 and September 12. This news boosted NVIDIA's stock price, closing up 3.97% on Tuesday. Huang currently directly holds 75.4 million shares of NVIDIA stock, remaining the largest individual shareholder of the company
According to regulatory documents, after nearly three months of selling off shares, Jensen Huang, CEO of NVIDIA, finally completed his pre-arranged stock selling plan and cash out more than $700 million (approximately RMB 4.922 billion).
Under an executive stock selling plan passed in mid-March this year, Jensen Huang planned to sell up to 6 million shares of NVIDIA stock by the end of the first quarter of 2025. Such transactions are classified as 10b5-1, which allows company insiders to trade company stock in a predetermined manner.
According to the latest regulatory filings, between June 13 and September 12, Jensen Huang sold shares on 50 trading days, selling 120,000 shares each time.
After the last sell-off on September 12, Jensen Huang reached the upper limit of selling 6 million shares several months ahead of schedule.
Jensen Huang's selling record since September
NVIDIA's stock price seems to have been boosted by this news. At the close of trading on Tuesday Eastern Time, NVIDIA's stock price rose by 3.97%.
NVIDIA's stock performance from the beginning of the year
As the biggest "darling" of the global artificial intelligence boom, NVIDIA's stock price has risen by over 150% since the beginning of the year. Earlier this year, NVIDIA's market value surpassed $3 trillion, and its dominant market position cannot be ignored, with its stock price fluctuations even affecting broader market and investor sentiment.
However, since June, NVIDIA's stock price has been volatile and experienced significant fluctuations over the past three months. In addition to market doubts about NVIDIA's chip demand outlook, Jensen Huang's continued sell-off is also one of the important factors affecting market confidence.
According to another document, after completing the sell-off, Jensen Huang now directly holds 75.4 million shares of NVIDIA stock, and holds 786 million shares of NVIDIA stock through various trusts and partnerships. In the company's latest proxy statement, Jensen Huang is listed as the company's largest individual shareholder
