Nvidia. Corp. Chief Executive Jensen Huang has sold more than 5 million shares of the chip maker in recent months, totaling about $633.1 million, according to a new filing.
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4.
According to a filing Thursday with the Securities and Exchange Commission, Huang sold nearly 5.3 million shares, in tranches of 120,000 shares each, in a series of transactions between June 13 and Sept. 4.
Those were part of a Rule 10b5-1 trading plan set up earlier this year, to sell up to 6 million shares by March 31, 2025.
Huang is Nvidia's largest individual shareholder, according to data from FactSet, holding about 3.5% of the company's outstanding shares as of Aug. 9.
Nvidia shares have surged 116% year to date, and are up 132% over the past 12 months as the company's chips have fueled the AI boom. The stock has stumbled of late though, and falling about 11% over the past three months.