NVIDIA CEO Jensen Huang recently sold 100,000 shares of the company's stock, valued at nearly $15 million, as part of a planned sale of up to 600,000 shares worth $873 million. This sale is the first transaction under a 10b5-1 plan adopted in March, allowing Huang to sell shares systematically without signaling a lack of confidence in the company.
*Key Details:*
- *Shares Sold*: 100,000 shares sold on June 20 and 23, worth approximately $14.4 million
- *Total Potential Sale*: Up to 6 million shares, valued at $865 million based on Monday's closing price of $144.17
- *Additional Sale*: Another filing indicates Huang plans to sell an additional 50,000 shares soon
- *Current Holdings*: Despite these sales, Huang still owns over 800 million Nvidia shares, with a net worth of around $126 billion
Huang's stock sales come as Nvidia's stock price approaches its 52-week high of $153.13. Board director Mark Stevens has also sold shares, disposing of 608,248 shares for $88.36 million on June 18 ¹ ².#MarketRebound #NEWTBinanceHODLer #IsraelIranConflict #IsraelIranConflict $BTC $XRP