Nvidia CEO Jensen Huang and other top executives sell over $1 billion in company shares: Report
Nvidia CEO Jensen Huang sells shares
Nvidia CEO Jensen Huang began selling his shares last week for the first time since September 2024. The company confirmed that his sales were made under a pre-arranged trading plan set in March, which defines the prices and dates for share sales. Such plans are commonly used by executives to avoid allegations of insider trading.
Ben Silverman, vice-president of research at VerityData said 'When the stock [dropped] in the first quarter, he did not sell, [which was] really smart.'
'[Huang] waited for the stock to return to levels that he felt more comfortable selling at,' he added.
According to VerityData, his sales began after a required 90-day cooling-off period ended. Under the trading plan, Huang can sell up to 6 million shares before the end of 2025. At current stock prices, that would amount to more than $900 million. Forbes estimates his net worth at $138 billion.
Other Nvidia executives cash in
According to the Financial Times report, several other top Nvidia figures have also sold large portions of stock. Mark Stevens, a longtime board member and early Nvidia investor, disclosed plans to sell up to 4 million shares on June 2, currently worth around $550 million. He has already sold $288 million worth.
Jay Puri, Nvidia's executive vice-president of worldwide field operations, sold $25 million in stock last week, says FT. Board members Tench Coxe and Brooke Seawell also made sales — Coxe offloaded around $143 million on June 9, and Seawell sold about $48 million in June.
These executives, all long-time members of Nvidia's leadership team, have been with the company since its early days. Huang co-founded Nvidia in 1993 inside a Denny's restaurant in San Jose. Coxe and Seawell, both with venture capital backgrounds, joined the board in the late 1990s.
AI boom fuels Nvidia's stock surge
Despite recent setbacks — including U.S. export controls and advances by Chinese AI startups like DeepSeek — Nvidia's share price has bounced back. Since hitting a low in April, the company has regained about $1.5 trillion in market value.
The company's market value is not estimated at around $3.8 trillion. The rapid growth reflects strong global demand for the company's chips, used to power AI systems across industries and governments.
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