$NVIDIA (NVDA.US)$CEO Huang Renxun (Jensen Huang) has just completed the sale of 6 million shares of Nvidia stocks. This trade is part of the trading plan he formulated at the beginning of the year, bringing him a total income of over 0.7 billion US dollars.

From June 14 to September 13, Huang Renxun sold shares in batches, with quantities ranging from 70 shares to 75,300 shares, at prices ranging from a low of $91.72 on August 5 to a high of $140.24 on June 20.

According to his 10b5-1 rule trading plan, Huang Renxun generated a total income of 0.713 billion US dollars from the sale of these shares, with an average price per share of $118.83. Although the trading plan was originally set to expire in March 2025, all planned shares were sold six months early.

According to the documents Huang Renxun submitted to the U.S. Securities and Exchange Commission (SEC), his personal account currently holds 75.4 million shares of Nvidia stocks. In addition, he owns 0.786 billion shares of Nvidia stocks through trusts and partnership enterprises.

According to Nvidia's latest proxy statement, Huang Renxun is the company's largest individual shareholder. As of the end of March, he held 3.8% of Nvidia's shares, this data is prior to his 2024 stock sales.

In Tuesday's trading, Nvidia stock closed at $116.20, basically unchanged from the previous day, while the S&P 500 index fell by about 0.3%. Nvidia stock has risen by 135% year-to-date, far exceeding the S&P 500 index's 20% increase.

Trading plans will automatically execute stock trades when preset conditions (such as price and trading volume) are met, aiming to eliminate the possibility of insiders gaining an advantage through non-public information.

Huang Renxun may use another trading plan in the future to continue selling more stocks, but his trading volume in 2024 has far exceeded last year.

In September 2023, Huang Renxun sold 237,500 shares of Nvidia stock, with total revenue of 0.11 billion US dollars and an average price per share of 463.95 US dollars. This share number and price occurred before the 1-for-10 stock split implemented by the company in early June 2023. These trades were also planned, selling the acquired stocks through options.

Editor/ping