Jensen Huang starts selling Nvidia stock under $865 million plan

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Nvidia Corp. Chief Executive Officer Jensen Huang has started selling the chipmaker’s stock, his first transactions under a plan that allows him to offload up to $865 million worth by year’s end.

Huang disposed of 100,000 shares over a two-day period of June 20 and June 23 for $14.4 million, according to a filing Monday with the Securities and Exchange Commission. Huang’s sales are part of a new 10b5-1 plan adopted in March and disclosed last month in Nvidia’s quarterly report.

Huang is the world’s 12th richest person with a $126 billion…



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Jensen Huang starts selling Nvidia stock under $865 million plan


Nvidia Corp. Chief Executive Officer Jensen Huang has started selling the chipmaker’s stock, his first transactions under a plan that allows him to offload up to $865 million worth by year’s end.

Huang disposed of 100,000 shares over a two-day period of June 20 and June 23 for $14.4 million, according to a filing Monday with the Securities and Exchange Commission. Huang’s sales are part of a new 10b5-1 plan adopted in March and disclosed last month in Nvidia’s quarterly report.

Huang is the world’s 12th richest person with a $126 billion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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