CEO of Nvidia, Jensen Huang, sold shares of the company worth over 700 million dollars, as per documents filed with the SEC on Tuesday. This sale, part of a continuous selling of shares, is in line with the previously outlined plan.
Prior to this, he had stated his intention to sell 6 million Nvidia shares in the first quarter of 2025, adhering to Rule 10b5-1 which allows CEOs to sell shares but with prior notification to prevent insider trading.
The latest batch of shares sold by Huang totaled 120,000 shares valued at approximately 14.3 million dollars. Nevertheless, he still holds 75.4 million shares of Nvidia directly and 786 million shares through trusts and other channels.
Source: Investopedia
TLDR: CEO of Nvidia, Jensen Huang, sells over 700 million dollars worth of shares in the company as part of a planned sale, while still retaining a significant number of shares directly and through other means.
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