According to public information and statistics, Huang Renxun last reduced his shareholding in Nvidia on September 14th of last year; 9 months later, the company's stock price has doubled.
On Monday after the local time, June 18th, according to Caixin Finance (Editor Shi Zhengcheng), a notice by the company's CEO Huang Renxun selling stock in the AI leader after 9 months has once again aroused high market attention!$NVIDIA (NVDA.US)$After the last sale, Nvidia's stock price rose about 2 times in 9 months since the company's CEO Huang Renxun finally began to sell the shares again after 9 months.
According to the documents published on the SEC official website, Huang Renxun sold 120,000 shares of the company's stock on June 13 and 14, a total of 240,000 shares, at a price ranging from $127.78 to $132.23, receiving more than $31 million in cash.
Also after Monday's close, Huang Renxun submitted a Form 144, expecting to sell 120,000 shares of the company's stock on Monday (June 17). If the transaction is successfully implemented, the company is expected to further disclose the matter of "Huang Renxun's stock sales" in the following days.
Of course, for investors who follow financial news, it is not surprising that Huang Renxun is preparing to sell Nvidia's stock in recent days.
In the quarterly financial report (Form 10-Q) released at the end of March this year, there was such a message hidden: Huang Renxun set up a 10b5-1 stock sale plan on March 14 this year, and will sell up to 600,000 shares of Nvidia stock before the end of March 2025 at the latest.
One point to emphasize here is that when Huang Renxun set up the stock sale plan, Nvidia had not yet split its stock, so the total value of the 600,000 shares he pre-disclosed to sell at that time was over 700 million US dollars. These signs indicate that Huang Renxun's sales this time are unlikely to stop there.
According to the explanation documents published by SEC itself, after the seller submits the Form 144, if the company announces a stock split during this period, the seller can sell the stocks according to the split quantity without resubmitting a new Form 144 within three months.
For Huang Renxun, whose net worth has reached $125 billion, this is also a microcosm of him sharing the profits of the AI leader's skyrocketing.
According to statistics, the last time he sold company stock was on September 14 last year, when he bought 29,684 shares of Nvidia stock at $4 per share and sold them at an average price of $455.75, earning nearly $13.5 million.
And since the last time the stock was sold, Nvidia's stock price has risen about 2 times in 9 months.
Editor/Somer