According to Odaily, the latest regulatory filings disclosed by the U.S. Securities and Exchange Commission (SEC) reveal that Nvidia CEO, Huang Renxun, sold 240,000 shares of Nvidia on June 13-14, cashing in approximately $31.2 million. This comes as Nvidia's stock price has seen a 42% increase over the past month.
The last time Huang actually sold company shares was on September 14 of the previous year. At that time, he purchased 29,684 shares of Nvidia at a price of $4 per share and then sold them. The average selling price was $455.75 per share, yielding close to $13.5 million. Following this sale, Nvidia's stock price tripled over the next nine months.