Jensen Huang Sells $865 Million in Nvidia Shares Under Scheduled Trading Plan
Nvidia CEO Jensen Huang has initiated a stock sale valued at $865 million, following a pre-set trading plan disclosed in official filings with the U.S. Securities and Exchange Commission. This move marks the beginning of a structured disposal plan for Huang.
Sale Details:
- Huang sold a total of 100,000 shares, generating proceeds of $14.5 million.
- The transaction is part of a Rule 10b5-1 trading plan, a strategy that corporate insiders use to avoid allegations of insider trading.
- Despite the sale, Huang retains ownership of over 900 million shares, representing approximately 4% of Nvidiaโs total outstanding shares.
- This initial sale equates to less than 1% of his overall holdings in the company.
Market Context:
Nvidia’s valuation has soared amidst a booming demand for advanced AI and GPU technology, making it one of the most valuable companies on Wall Street. Insiders selling shares can often raise investor eyebrows, but the structured approach reassures stakeholders about the legitimacy of the transaction.
Huang reaffirmed his commitment to Nvidia’s long-term strategy in AI development and infrastructure leadership, indicating that this sale does not reflect a lack of confidence in the firm’s future.