According to documents submitted to the U.S. Securities and Exchange Commission, on Friday (July 18), as Nvidia's stock price hit a new all-time high, CEO Jensen Huang also decisively acted, reducing his holdings by 75,000 shares, worth approximately $12.94 million. As early as March this year, Huang disclosed a plan to sell 6 million shares of Nvidia stock pursuant to Rule 10b5-1, and Friday's sale was part of that plan. The 10b5-1 trading plan allows insiders of publicly traded companies to decide in advance to sell a specified number of shares at predetermined times. The purpose of this plan is to avoid the suspicion of insider trading, ensuring transparency and fairness in transactions. Since last month, Huang has been executing his current round of stock sales, and according to another document from the U.S. Securities and Exchange Commission, earlier this week, Huang had already sold 225,000 shares of Nvidia stock for a total of approximately $37 million.

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