Nvidia's announcement has attracted market attention: CEO Jensen Huang has reduced his holdings of shares again after 9 months

Finance Associated Press

2024-06-18 07:14Published on the official account of Cailianshe under Shanghai Poster Industry Group

Finance Associated Press, June 18 (edited by Shi Zhengcheng) After Monday local time, Nvidia's announcement aroused great concern in the market: the company's CEO Huang Jenxun finally began to sell AI leading stocks again after 9 months!

Huang sold 120,000 shares of the company, for a total of 240,000 shares, on June 13 and June 14, respectively, at a price between $127.78 and $132.23, for a total of more than $31 million in cash, according to documents published on the SEC's website.

(Source: SEC)

Also after the close of trading on Monday, Huang filed a Form 144 expecting him to sell 120,000 shares of the company on Monday, June 17. If the deal goes through, the company expects to make further disclosures about the sale of Huang's shares in the coming days.

(Source: SEC)

Of course, the fact that Huang is preparing to sell Nvidia shares in recent days is not a surprise to some investors who follow the financial news.

In the detailed quarterly financial report (Form 10-Q) released at the end of March this year, there is a message that Huang set up a 10b5-1 stock sale plan on March 14 this year, and will sell up to 600,000 shares of Nvidia stock by the end of March 2025.

(Source: Nvidia 10-Q table)

It is important to emphasize here that Huang had not yet implemented a stock split at the time of the stock sale plan, so he pre-disclosed that the total value of the 600,000 shares he wanted to sell was more than $700 million. These signs suggest that Huang's sale will most likely not stop there.

According to the SEC's own explanatory documents, after the seller files Form 144, if the company announces a stock split during that period, the seller can sell the stock in the amount after the stock split without having to refile a new Form 144 within three months.

（来源：SEC Manual of Publicly Available Telephone Interpretations）

For Huang, who is already worth $125 billion, this is also a microcosm of his own sharing of the soaring profits of AI leaders.

According to statistics, the last time he actually sold the company's shares was on September 14 last year, when he exercised his right to buy 29,684 shares of Nvidia at a price of $4 per share and sold them, with an average selling price of $455.75 and a gain of nearly $13.5 million.

And after the last stock sale, Nvidia's stock price tripled in nine months.

(Nvidia daily chart, source: TradingView)

(Finance Associated Press Shi Zhengcheng)

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