On June 24, NVIDIA CEO Jensen Huang's new 10b5-1 trading plan officially launched, with plans to sell up to 6 million shares by the end of this year. NVIDIA's stock price, which previously fell below $100 in early spring, has rebounded by 53% and closed at around $144 on Monday. According to the latest SEC filing, Huang sold 100,000 shares between Friday and Monday, worth $14.4 million, as part of the new 10b5-1 trading plan. Huang's preset stock trading plan was established in March under SEC Rule 10b5-1, which allows insiders to sell stocks at predetermined times, even if they may subsequently possess significant non-public information. These plans aim to protect executives from insider trading allegations. Under the 10b5-1 plan, Huang can exercise options for 6 million shares, which, calculated at Monday's closing price of $144, would be worth approximately $865 million.
According to another SEC filing, NVIDIA board member and billionaire Mark Stevens has also begun selling stocks, disposing of over 600,000 shares on June 18, valued at approximately $88 million.
