NVIDIA's Jensen Huang and Other Executives' Stock Sales

TapTechNews August 14th news, according to the latest filings of the US Securities and Exchange Commission (SEC), Jensen Huang sold a total of 240,000 shares of NVIDIA stock on August 8th and 9th, cashing out 24.91 million US dollars (TapTechNews note: currently about 179 million Chinese yuan).

The filings show that in August, Jensen Huang has been selling in every trading day up to last week, and it is very regular. He sold 120,000 shares of NVIDIA stock every day within the seven trading days from August 1st to August 9th, accumulating to cash out 86.7652 million US dollars (currently about 623 million Chinese yuan).

In addition, the filings of the US Securities and Exchange Commission (SEC) show that NVIDIA CEO Jensen Huang sold a total of 372,000 shares of NVIDIA's stock from June 13th to August 1st, and the total cash out exceeded 470 million US dollars (currently about 3.373 billion Chinese yuan).

It is worth noting that these transactions were executed through a pre-arranged 10b5-1 trading plan, which allows company insiders to sell stocks at a predetermined time to avoid insider trading accusations. Such plans are usually established when insiders do not possess any private information that may affect the stock price.

Jensen Huang is not the only NVIDIA executive to sell shares. According to the filings, in July, Mark Stevens, a member of NVIDIA's board of directors, sold stocks worth about 125 million US dollars; Jay Puri, the executive vice president of global business operations, sold stocks worth about 10 million US dollars.