On September 4th local time, according to documents submitted to the US Securities and Exchange Commission (SEC), Nvidia CEO Huang Renxun sold a total of 240000 shares of Nvidia common stock from August 30th to September 3rd at prices ranging from $107.30 to $120.99, with a total value of approximately $27.6 million.
Huang Renxun launched the so-called 10b5-1 rule trading plan in March this year, which will sell no more than 6 million shares of Nvidia stock by the end of March 2025. Market analysts believe that the stocks sold by Huang Renxun thereafter are part of his executive compensation plan, which is a common practice for CEOs of companies to comply with regulations.
According to the documents, Huang Renxun has been selling Nvidia shares since June 13th, with 120000 shares sold each time. The most recent transaction was on Thursday. Nvidia CEO Huang Renxun sold nearly 5.3 million shares of the company's common stock in less than three months, valued at approximately $633.1 million. In June, it sold nearly $170 million, in July it sold $323 million worth of Nvidia stock, and since August it has sold approximately $116 million worth of Nvidia stock. Currently, Huang Renxun still holds approximately 76 million shares of Nvidia stock.
After closing on August 28th local time, Nvidia (Nasdaq: NVDA) released its second quarter financial report for the fiscal year 2025 ending on June 28th, achieving revenue of $30.04 billion during the period, a year-on-year increase of 122%, higher than market expectations of $28.668 billion; Net profit of 16.599 billion US dollars, up 168% year-on-year; Non GAAP diluted earnings per share were $0.68, up 152% year-on-year and higher than the expected $0.64.
As of the close of Wednesday, September 5th US time, Nvidia rose slightly by 0.94% to $107.21 per share, with a total market value of 2.63 trillion yuan.