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Nvidia CEO Jen-Hsun Huang Commences Stake Reduction: Unloads Nearly $14.5 Million in Two Days, with Potential Total Exceeding $800 Million
2 week ago /
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Author：小编
In a filing with the U.S. Securities and Exchange Commission (SEC) on Monday evening (EDT), it was disclosed that Nvidia CEO Jen-Hsun Huang has embarked on the initial phase of his share reduction plan. Between June 20th and 23rd, he sold 100,000 shares of the company, generating a profit of approximately $14.5 million. This move adheres to Rule 10b5-1, designed to prevent insider trading and maintain the integrity of share prices. Huang intends to offload up to 6 million shares this year, which could potentially fetch a total of $865 million. As of now, he retains over 900 million shares in Nvidia.
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