Nvidia CEO Activates 10b5-1 Trading Plan, Kicks Off Stock Sales
Nvidia CEO Jensen Huang has initiated a new 10b5-1 trading plan, aiming to sell up to 6 million shares by the end of the year. The timing follows a sharp rebound in Nvidia stock, which tumbled below $100 earlier this spring but has since surged 53% to around $144 as of Monday’s close.
Bloomberg cited a new Securities and Exchange Commission filing showing that Huang disposed of 100,000 shares between last Friday and Monday for $14.4 million. The sales are part of a new 10b5-1 trading plan the tech CEO adopted in March.