NVIDIA CEO completes 6 million shares selling plan, total revenue exceeds 700 million US dollars
NVIDIA CEO Jensen Huang has completed the sale of 6 million shares, generating over $700 million in revenue. This transaction is part of a plan he set at the beginning of the year to sell shares in batches, with an average price of $118.83 per share. Huang currently holds 75.4 million shares of NVIDIA, making him the largest individual shareholder in the company. Despite the original plan for the transactions to be completed by 2025, all shares have been sold ahead of schedule. NVIDIA's stock has risen by 135% this year
According to the financial news app Zhitong Finance, Jensen Huang, the CEO of NVIDIA (NVDA.US), has just completed the sale of 6 million shares of NVIDIA stock. This transaction is part of the trading plan he set at the beginning of the year, bringing him a total income of over $700 million.
Huang sold the shares in batches from June 14th to September 13th, with the number of shares traded ranging from 70 to 75,300. The lowest transaction price was $91.72 on August 5th, and the highest was $140.24 on June 20th.
Under his 10b5-1 rule trading plan, Huang realized a total income of $713 million from the sale of these shares, with an average price per share of $118.83. Although the trading plan was originally scheduled to expire in March 2025, all the planned shares were sold six months ahead of schedule.
According to documents filed by Huang with the U.S. Securities and Exchange Commission (SEC), his personal account currently holds 75.4 million shares of NVIDIA stock. In addition, he owns 786 million shares of NVIDIA stock through trusts and partnerships.
According to NVIDIA's latest proxy statement, Huang is the company's largest individual shareholder. As of the end of March, he held a 3.8% stake in NVIDIA, which was data prior to his stock sales in 2024.
In Tuesday's trading, NVIDIA's stock closed at $116.20, roughly unchanged from the previous day, while the S&P 500 index fell by about 0.3%. NVIDIA's stock has risen by 135% year-to-date, far outperforming the S&P 500 index's 20% gain.
The trading plan will automatically execute stock trades when preset conditions (such as price and volume) are met, aiming to eliminate the possibility of insiders gaining an advantage through non-public information.
Huang may adopt another trading plan in the future to continue selling more shares, but his trading volume in 2024 has already far exceeded that of last year.
In September 2023, Huang sold 237,500 shares of NVIDIA stock, with total income of $110 million and an average price per share of $463.95. This share number and price occurred before the company implemented a 1-for-10 stock split in early June 2023. These trades were also planned, selling shares acquired through options