Nvidia (NVDA, Financials) President and Chief Executive Officer Jen Hsun Huang sold 750,000 shares of the company’s common stock between June 23 and July 7, generating estimated proceeds of approximately $115.6 million, according to filings with the Securities and Exchange Commission.
The sales were executed under a pre-arranged 10b5-1 trading plan, with prices ranging from $144.04 to $158.02 per share.
Following the transactions, Huang directly owns 75,023,225 shares of Nvidia. He also maintains indirect stakes through a number of trusts, partnerships, and limited liability companies.
This article first appeared on GuruFocus.