Huang Renxun starts NVDA stock sale plan, estimates he will pocket more than $800 million this year

According to the document submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Nvidia CEO Jen-Hsun Huang sold 100,000 shares of Nvidia stock between June 20 and June 23, with a total value of $14.4 million. Huang's stock sale was based on a 10b5-1 plan announced by Nvidia in March, which is expected to generate over $800 million in income for him this year.

Jen-Hsun Huang Ranks Among Global Top 12 Billionaires, Nvidia Stock Contributes Significantly

According to the Bloomberg Billionaires Index, Huang is the 12th richest person globally, with a wealth of $126 billion, almost entirely composed of Nvidia stock. According to the index, the CEO has sold over $1.9 billion in Nvidia stock.

Pre-arranged trading plans are common among billionaires and executives who wish to cash out some stock without alarming investors. The plan allows him to sell 6 million shares by the end of the year. His CFO Colette M. Kress and Director A. Brooke Seawell are expected to sell 500,000 and 1.15 million shares, respectively.

Expected to Cash Out Over $800 Million This Year, Still Nvidia's Largest Individual Shareholder

Based on Monday's NVDA closing price of $144.17, Huang is set to cash out $865 million this year. Another document filed on Monday shows he plans to sell an additional 50,000 shares in the near future.

Although the scale of Huang's stock sales appears substantial, he still holds a large number of shares, remaining the largest individual shareholder. The stock sale is likely due to personal financial needs and unrelated to the company's prospects.