NVIDIA CEO initiates sale of 100,000 shares
NVIDIA's boss, Jensen Huang, just sold 100,000 shares over two days.
No drama here—it's all part of a pre-approved plan set up earlier this year that lets him sell up to six million shares (around $856 million) by the end of 2025.
What's a Rule 10b5-1 trading plan?
It's called a Rule 10b5-1 trading plan.
Basically, it lets company insiders like Huang schedule stock sales way ahead of time for transparency and to avoid any insider trading mess.
These sales are spaced out through 2025 and aren't triggered by any secret news about NVIDIA.
Huang's net worth sits around $126 billion
Even after these sales, Huang is still NVIDIA's top individual shareholder—he owns over 900 million shares.
NVIDIA stock has soared nearly 25% this past year thanks to its AI chip game, and Huang's net worth sits around $126 billion.
For comparison, board member Mark Stevens recently sold shares but outside such a plan.