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Nvidia Executives Sell over $53 Million in Company Stock

Investing.com2024-06-27

Nvidia Corp disclosed that two of its top executives sold large quantities of company shares.

President and CEO Jen-Hsun Huang and Executive Vice President and CFO Colette Kress executed stock sales totaling approximately $53 million, according to the fillings.

The transactions were carried out on June 24th and June 25th, as per the recent filings with the Securities and Exchange Commission.

The sales by Huang amounted to roughly $29.31 million, with the stock being sold at prices ranging from $118.63 to $126.19 per share.

The SEC filing detailed that the shares were sold at different prices over the two days, with the June 24th transactions ranging from $118.11 to $124.25 per share, and the June 25th sales varying from $119.37 to $126.48 per share.

Kress's transactions resulted in the sale of Nvidia stock worth over $24 million. The prices at which Kress sold the shares on June 24 ranged from $118.7148 to $123.5797, while the prices on June 25 spanned from $119.8649 to $126.461.

These sales were conducted under a pre-arranged trading plan known as a Rule 10b5-1 trading plan, which Kress had established on March 22, 2024.

The Rule 10b5-1 trading plan allows company insiders to sell a predetermined number of shares at a predetermined time, offering a defense against potential accusations of insider trading. It is designed to prevent the illegal use of non-public information in stock trading decisions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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JP25
·2024-06-27
And dumb retailers are still holding 🤣
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The prices at which Kress sold the shares on June 24 ranged from $118.7148 to $123.5797, while the prices on June 25 spanned from $119.8649 to $126.461.</p><p>These sales were conducted under a pre-arranged trading plan known as a Rule 10b5-1 trading plan, which Kress had established on March 22, 2024.</p><p>The Rule 10b5-1 trading plan allows company insiders to sell a predetermined number of shares at a predetermined time, offering a defense against potential accusations of insider trading. It is designed to prevent the illegal use of non-public information in stock trading decisions.</p></body></html>","source":"investingArticles_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Executives Sell over $53 Million in Company Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Executives Sell over $53 Million in Company Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-27 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/nvidia-executives-sell-over-53-million-in-company-stock-3498266><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corp disclosed that two of its top executives sold large quantities of company shares.President and CEO Jen-Hsun Huang and Executive Vice President and CFO Colette Kress executed stock sales ...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/nvidia-executives-sell-over-53-million-in-company-stock-3498266\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investing.com/news/stock-market-news/nvidia-executives-sell-over-53-million-in-company-stock-3498266","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446472346","content_text":"Nvidia Corp disclosed that two of its top executives sold large quantities of company shares.President and CEO Jen-Hsun Huang and Executive Vice President and CFO Colette Kress executed stock sales totaling approximately $53 million, according to the fillings.The transactions were carried out on June 24th and June 25th, as per the recent filings with the Securities and Exchange Commission.The sales by Huang amounted to roughly $29.31 million, with the stock being sold at prices ranging from $118.63 to $126.19 per share.The SEC filing detailed that the shares were sold at different prices over the two days, with the June 24th transactions ranging from $118.11 to $124.25 per share, and the June 25th sales varying from $119.37 to $126.48 per share.Kress's transactions resulted in the sale of Nvidia stock worth over $24 million. 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