NVIDIA's CEO Cashes In: Jensen Huang Nets $713M in Strategic Stock Sale

NVIDIA's CEO Jensen Huang has recently concluded a significant stock sale, amounting to 6 million shares of the company, generating over $700 million in revenue. This decision is part of a pre-determined trading plan established earlier this year.

Between June 14 and September 13, Huang systematically sold shares in varying quantities, ranging from 70 to 75,300 shares at a time. The transaction prices fluctuated, with the lowest recorded price being $91.72 on August 5 and the highest at $140.24 on June 20.

The sale was executed under the 10b5-1 trading plan, totaling $713 million in revenue, at an average price of $118.83 per share. Although the plan was initially set to conclude in March 2025, all scheduled sales were completed six months ahead of time.

According to filings with the U.S. Securities and Exchange Commission, Huang's personal account retains 75.4 million shares of NVIDIA, with additional shares held through trusts and partnerships, emphasizing his continued substantial stake in the company.

As NVIDIA's largest individual shareholder, Huang's stock transactions draw significant market attention. Despite the large-scale sell-off, his remaining holdings account for a major proportion of the company's stock, suggesting sustained confidence in NVIDIA's long-term prospects.

The company has witnessed impressive performance, with stock prices rising by 135% this year, significantly outperforming the S&P 500's 20% increase. This robust market performance may influence perceptions of Huang’s financial maneuvers.

Future stock transactions may occur under different trading strategies, though Huang's activity for 2024 already surpasses previous years. In September 2023 alone, he sold 237,500 shares, generating $110 million, highlighting the strategic use of options and planned trades.