Futu News, January 6, according to documents disclosed by the Securities and Exchange Commission (SEC), on January 3, President NVIDIA Corp and CEO Huang Renxun exercised 440000 shares at an exercise price of US $3.615, and then sold 440000 shares at an average price of US $302.17 per share, worth about US $133 million.
SEC documents show that Huang Renxun exercised power and sold shares in accordance with the 10b5-1 plan.
Extended reading:
The "10b5-1" trading plan is an approach adopted by most corporate executives in the United States, which allows insiders to buy and sell shares when they receive information that has not yet been publicly disclosed.
Because of the extremely strict insider trading laws in the United States, virtually all people who may have access to inside information are not allowed to trade the stock. In order not to discourage everyone, the 10b5-1 plan stipulates that under certain conditions, the company's insiders (insider) can trade. For example, you can specify in advance when to buy every month, or when the stock reaches a certain fixed value.
The following picture shows the previous statistical records of Huang Renxun's exercise of rights and share sales:
