BING-JHEN HONG
- Nvidia (NASDAQ:NVDA) executives, including CEO Jensen Huang, adopted a new trading plan to sell some of their holdings, the company disclosed late on Wednesday.
- Huang, CFO Colette Kress and director A. Brooke Seawell will sell 6M, 500,000 and 1.1M shares in a new 10b5-1 trading plan, the company disclosed in its latest 10-Q filing. Huang adopted his plan on March 20 and it expires on Dec. 31.
- Nvidia did not respond to a request for comment from Seeking Alpha.
- 10b5-1 trading plans are widely used by various company executives to avoid the appearance of insider trading.
- Huang last disclosed that he would sell some of his Nvidia holdings in July 2024.