Filings disclosed by the U.S. Securities and Exchange Commission (SEC) show that Nvidia CEO Jensen Huang has been reducing his company’s shares for four consecutive months through multiple transactions, selling approximately 50,000 or 75,000 shares at a time, at a price range of $174.82 to $184.38 per share. Huang also sold Nvidia shares in June, July, and August of this year.
In March of this year, Nvidia disclosed that Huang planned to sell up to 6 million shares under a Rule 10b5-1 plan. The aforementioned reductions are part of this round of sale plans. Rule 10b5-1 trading plans allow corporate insiders to pre-arrange the sale of a specified number of shares at predetermined times. The purpose of this plan is to avoid suspicion of insider trading and to ensure the transparency and fairness of the transactions.
In the nearly one month from June 20 to July 18 alone, Huang sold over 1 million shares of Nvidia, realizing a cumulative cash amount of approximately $200 million.
According to regulatory filings submitted by Nvidia, since June 20, Huang has been selling shares at a pace of 50,000 per day: on June 20, 23, and 24, he sold 50,000 shares consecutively for three trading days, with a single-day cash amount exceeding $7 million. Starting from June 25, the selling pace significantly increased, shifting to 75,000 shares per day. In just six trading days from June 25 to July 2, Huang realized a cumulative cash amount of over $70 million; from July 16 to 18, Huang sold a cumulative 225,000 shares, with an estimated cumulative cash amount exceeding $38 million based on transaction prices.
In the previously scheduled reduction plan for the previous year, Huang cashed in over $700 million. In June 2024, Huang sold nearly $170 million in stocks, and in July, he sold another $323 million, realizing a total of approximately $500 million in two months. As of August 2024, Huang still holds over 93 million shares of Nvidia, representing more than 3.5% of the company’s total shares.
According to the recently disclosed reduction plan, as of July 21, 2025, Huang will still hold over 74 million shares of Nvidia. For the 2024 fiscal year, Huang’s total compensation was $34.2 million, a 60% increase from the $21.4 million in the previous fiscal year. This includes a base salary of $99,600, as well as $26.7 million in stock awards, $4 million in cash bonuses, and $2.5 million in other expenses, including residential security, a car, and driver services.