Nvidia CEO Jensen Huang, 62, has begun selling Nvidia shares under a new trading plan that allows him to dispose of up to $865 million worth of stock by the end of the year.
According to a Monday filing with the Securities and Exchange Commission, Huang offloaded 100,000 Nvidia shares, worth $14.4 million, between Friday and Monday, his first sale of the year. Another filing shows that Huang sold another 50,000 shares on Monday, valued at over $7 million.
The transactions fall under a new 10b5-1 plan adopted on March 20 and disclosed last month in Nvidia’s quarterly report. The plan allows Huang to sell six million shares in total by