NVIDIA CEO Sells $580 Million In Stock In 2024 – More Than 5x Of Other Executives
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NVIDIA CEO Jensen Huang has been busy selling shares since June after the firm's stock peaked and made it the most valuable company in the world for a brief. Huang's latest SEC filing, made yesterday, shows that he sold $14.2 million in stock yesterday. This brings his cumulative share sales since the second week of June to a cool $579 million, allowing the executive to benefit from his position as one of the richest people in the world.
NVIDIA's stock has lost its steam since June after Wall Street's newfound caution around artificial intelligence has seen investors shift their focus on cost control and monetization before resuming the euphoria that's been present since last year.
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NVIDIA CFO, Others Also Unload Stock In 2024
As per the latest SEC filing, Huang has sold NVIDIA stock 40 times this year. His first sale took place in mid June, when the NVIDIA CEO offloaded 12,000 shares for $15.5 million. Since then, all of his sales have involved share blocks of 12,000 shares, with banking giant Charles Schwab acting as his primary broker.
Executive stock sales are pre planned events that are designed in a manner that prevents them from profiting from any insider knowledge that they might have about their company's operations. These sales follow the SEC's Rule 10b5-1, and are made by a third party over which the executive has no influence.
While Huang has been the predominant NVIDIA high level executive when it comes to stock sales, he isn't the only one. Regulations require management to disclose their 10b5-1 stock sale plans in a firm's 10-K filing, and NVIDIA's quarterly filing for its first quarter of fiscal 2025 mentioned that along with the CEO Huang and CFO Colette Kress, its executive vice
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