Jensen Huang Plans to Sell 6 Million Shares by Year-End
Jensen Huang, CEO of Nvidia, a leading company in the field of artificial intelligence (AI), along with other board members, has sold more than $1 billion (approximately 1.36 trillion won) worth of company stock over the past year.
The Financial Times (FT) in the UK reported on June 29 (local time) that as Nvidia's stock price surpassed its previous high on the 25th of this month and continued its upward trend, insider stock sales have also surged.
On June 25, Nvidia's stock price hit a new all-time high, surpassing the $150 mark once again. This represents an increase of more than 60% compared to April 4, when the price had dropped to $92.11 due to the Trump administration's reciprocal tariffs and semiconductor export restrictions, as well as the shock from China's AI model DeepSeek. The company's market capitalization has also increased by $1.5 trillion, reaching $3.8 trillion.
As the stock price rose, CEO Huang reportedly resumed selling shares for the first time since September last year. On June 20 and 23, he sold 100,000 shares for $14.4 million over two days. This is part of a plan to sell up to 6 million shares by the end of this year.
CEO Huang's share sale plan was disclosed last month under the "10b5-1 plan." This system allows CEOs and executives to set a schedule and price for stock sales, enabling them to sell shares without disrupting the market. Huang's plan to sell shares was decided in March.
Ben Silverman, Vice President of market intelligence firm VerityData, said, "Jensen Huang did not sell when the stock price fell in the first quarter. That was a very smart decision. He waited until the stock price reached a comfortable level for selling."
Other board members are also profiting from stock sales. Mark Stevens, an early investor and director, sold 600,000 shares for about $88 million on June 18. Jay Puri, Executive Vice President of Worldwide Field Operations at Nvidia, sold shares worth approximately $25 million on June 25. Tench Coxe, an early investor and the company's third-largest individual shareholder, sold $143 million worth of shares on June 9, and Brooke Seawell, who joined Nvidia's board in 1997, sold $48 million worth of shares this month, according to FT.
Meanwhile, according to Forbes, CEO Huang's net worth is about $138 billion. He still holds most of his assets in Nvidia stock.
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