Nvidia CEO Jensen Huang to Sell Nearly $900 Million in Stock This Year

In a move that’s sure to spark discussion on Wall Street, recent filings with the Securities and Exchange Commission (SEC) reveal that Nvidia CEO Jensen Huang has initiated a planned stock sell-off.

According to these documents, Huang offloaded a total of 100,000 shares of Nvidia stock on June 20th and 23rd, netting approximately $14.5 million.

This isn’t a sudden shift in strategy. Nvidia disclosed Huang’s plans to sell a significant portion of his holdings – up to 6 million shares – in its quarterly report last month. Based on current market prices of $144.17 per share, the total value of these planned sales could reach a substantial $865 million.

However, this represents less than 1% of Huang’s massive stake in the company. He still controls over 900 million Nvidia shares, representing roughly 4% of the total outstanding shares. Bloomberg’s Billionaires Index estimates his net worth at a staggering $126 billion, primarily driven by his Nvidia holdings, placing him among the top 15 wealthiest individuals globally. Further sales are expected imminently, with Huang planning to sell another 50,000 shares.

Adding to the narrative, Nvidia board member Mark Stevens has also been actively reducing his holdings. On June 18th, he sold over 600,000 shares for $88 million, and has already sold over 2 million shares since filing his initial plans to sell 4 million early this month.