Nvidia Corp. CEO Jensen Huang has begun selling shares of the company as part of a pre-arranged trading plan that allows him to unload up to $865 million worth of stock by the end of 2025.
According to a filing with the Securities and Exchange Commission on Monday, Huang sold 100,000 shares over two days—June 20 and June 23—for a total of $14.4 million. The sales mark the first transactions under his new 10b5-1 trading plan, which was adopted in March and disclosed in Nvidia’s most recent quarterly report.
Huang, currently the world’s 12th richest person with an estimated $126 billion fortune—almost entirely tied to Nvidia shares, per the Bloomberg Billionaires Index—has sold more than $1.9 billion in Nvidia stock to date, according to the index.
Nvidia declined to comment on the transactions outside of regular business hours.
The 10b5-1 trading plan, frequently used by executives and billionaires to sell stock without alarming investors, enables Huang to sell up to 6 million shares by year’s end. At Monday’s closing price of $144.17, that potential sale would be worth $865 million. A separate filing Monday indicated he intends to sell another 50,000 shares in the near term.
The good thing is that his share sales (including the one revealed today) will be executed under a Rule 10b5-1 prearranged trading plan – adopted and publicly disclosed in March – designed to avoid the perception of insider trading.
Such plans are common among executives to diversify personal wealth without signalling a lack of confidence. Huang still holds more than 900 million NVDA shares, underscoring his long-term commitment to the artificial intelligence behemoth.
The sale represents less than 1.0% of his holdings and aligns with prudent financial planning – not pessimism. In short, given the company’s leadership in AI and Huang’s strategic vision, his filing shouldn’t be interpreted as a bearish signal for Nvidia stock.
Meanwhile, Nvidia board member and billionaire Mark Stevens has also been offloading shares. On June 18, he sold over 600,000 shares for roughly $88 million, according to another filing.
Earlier this month, Stevens submitted a proposal to sell up to 4 million shares. So far, he has sold more than 2 million. Unlike Huang and other board members, Stevens does not use a 10b5-1 plan for his stock sales.
Stevens’ net worth stands at $9.8 billion, according to Bloomberg’s wealth index.
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