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Jen-Hsun Huang, President and CEO of NVIDIA Corporation, filed to sell 75,000 shares of company stock valued at approximately $12.45 million, according to a Form 144 submitted to the U.S. Securities and Exchange Commission on July 11.
The proposed sale is scheduled for the same day and will be executed through Charles Schwab & Co. The shares were acquired through an option exercise dated September 8, 2023. The purchase was made using cash.
This sale is part of a Rule 10b5-1 trading plan adopted on March 20. The plan allows executives to schedule stock sales in advance while complying with federal securities regulations. The filing confirms that Huang held no material non-public information at the time the plan was put in place.
The July 11 transaction follows a series of consecutive daily stock sales by Huang. Over the past three weeks, he has sold 75,000 shares each trading day, starting on June 25. Including the upcoming transaction, Huang has sold over one million shares in that span. The most recent sale, filed for July 10, totaled $12.24 million.
The cumulative gross proceeds from these transactions exceed $160 million. All sales were made under the same trading plan and executed on the NASDAQ.
The July 11 filing was signed by Huang and does not include additional commentary or amendments.