Jen-Hsun Huang initiates NVDA stock selling plan, expected to pocket over 800 million USD this year.

According to the document submitted to the SEC on Monday (, Jen-Hsun Huang, the CEO of Nvidia, sold 100,000 shares of Nvidia stock between June 20 and June 23, with a total value of $14.4 million. Huang's selling action is based on a 10b5-1 plan announced by Nvidia in March, which is expected to generate over $800 million in income for Huang this year.

Jen-Hsun Huang ranks among the top 12 richest people in the world, with significant contributions from NVIDIA stock.

According to the Bloomberg Billionaires Index, Jen-Hsun Huang is the 12th richest person in the world, with a net worth of $126 billion, almost entirely composed of NVIDIA stock. According to the index, this CEO has sold more than $1.9 billion worth of NVIDIA stock.

Jen-Hsun Huang's prearranged trading plan is common among billionaires and executives who wish to cash out some shares without alarming investors. The plan allows him to sell 6 million shares before the end of the year. Meanwhile, his CFO Colette M. Kress and director A. Brooke Seawell are expected to sell 500,000 shares and 1.15 million shares, respectively.

This year, it is expected to cash out over 800 million USD, still being NVIDIA's largest individual shareholder.

Based on Monday's closing price of NVDA at $144.17, Jen-Hsun Huang is expected to cash out $865 million this year. Another filing submitted on Monday shows that Jen-Hsun Huang plans to sell another 50,000 shares of stock in the near future.

Although Jen-Hsun Huang's stock sale appears to be substantial, he still holds a large number of shares, making him the largest individual shareholder. The sale of stocks should also be related to personal financial needs and is unrelated to the company's outlook.

This article discusses Jen-Hsun Huang initiating the NVDA sell-off plan, estimating that he will pocket over 800 million dollars this year. It first appeared on Chain News ABMedia.