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huang renxun sold stocks again, cashing out a total of about 4.5 billion yuan in the past three months, and nvidia's market value evaporated 2.88 trillion yuan in a week

2024-09-07

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editor of every economic report: bi luming

the latest documents released by the u.s. securities and exchange commission (sec) show that between september 4 and 5 local time, nvidia ceo jensen huang sold a total of 240,000 shares of nvidia common stock, with a total value of approximately us$25.8 million.in less than three months, huang renxun sold a total of nearly 5.3 million shares of the company's common stock, worth approximately us$633.1 million (approximately rmb 4.49 billion).

documents previously released by the sec show that huang renxun began selling nvidia shares on june 13 this year. this summer, huang renxun sold nvidia shares at an average rate of about $14 million per day. in june, he sold nearly $170 million, in july he sold nvidia shares worth $323 million, and from august to now he has sold about $142 million of nvidia shares.

in less than three months, huang renxun sold nearly 5.3 million shares of the company's common stock, worth about $633.1 million.he currently still holds about 76 million shares of nvidia.

huang renxun's stock sale plan was announced as early as march this year. at that time, nvidia mentioned in its quarterly financial report that huang renxun would sell up to 600,000 shares through a 10b5-1 stock sale plan by the end of march 2025. market analysts believe that the stocks huang renxun sold thereafter are part of his executive compensation plan, including restricted stock units (rsus) and performance stock units (psus), which is a common practice for corporate ceos in compliance with regulations.