Huang Renxun made another move: Nvidia's stock price reached a new high, cashing out more than 10 million dollars in a single day
2025-07-20 16:38:43
Just as Nvidia's share price hit another all-time high on Friday (July 18), Nvidia CEO Jen-Hsun Huang also took decisive action and reduced his holdings of 75,000 shares, worth about $12.94 million, according to filings with the Securities Exchange Commission. As early as March this year, Huang disclosed plans to reduce his holdings of 6 million Nvidia shares under the 10b5-1 rule, and Friday's reduction was part of this plan. The 10b5-1 trading plan allows insiders in public companies to decide in advance to sell a specified number of shares at a predetermined time. The purpose of this plan is to avoid the suspicion of insider trading and ensure the transparency and fairness of the transaction. Since last month, Huang Renxun has started his current round of sales, and earlier this week, Huang Renxun sold 225,000 shares of Nvidia stock, totaling about $37 million, according to a separate Securities Exchange Commission filing.
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