NVIDIA's (NVDA, Financial) stock recently reached an all-time high. However, according to a report by VerityData, insiders have sold over $1 billion worth of company stock in the past 12 months. The report highlights that CEO Jensen Huang's stock sales were triggered when the stock price exceeded $150. These sales are part of a pre-arranged trading plan established in March, which outlines specific prices and dates for selling.
Jensen Huang implemented a 10b5-1 trading plan in March, intending to sell up to 6 million shares by 2025. Despite recent sales, Huang still holds over 900 million shares, representing nearly 4% of NVIDIA's total shares. Recent filings with the SEC revealed that since June 20, Huang has sold 225,000 shares, netting nearly $33.2 million.
Other NVIDIA executives, including board members Mark Stevens, Tench Coxe, and Brooke Seawell, as well as Executive Vice President Jay Puri, have also sold shares amid the stock's rise. Stevens announced plans to sell up to 4 million shares, worth $550 million, while Puri sold approximately $25 million worth of stock last week. Coxe and Seawell also confirmed significant sales in June.
