President and CEO Jen-Hsun Huang and Executive Vice President and CFO Colette Kress executed stock sales totaling approximately $53 million, according to the fillings.
The sales by Huang amounted to roughly $29.31 million, with the stock being sold at prices ranging from $118.63 to $126.19 per share. Kress's transactions resulted in the sale of Nvidia stock worth over $24 million. The prices at which Kress sold the shares on June 24 ranged from $118.7148 to $123.5797, while the prices on June 25 spanned from $119.8649 to $126.461.
The Rule 10b5-1 trading plan allows company insiders to sell a predetermined number of shares at a predetermined time, offering a defense against potential accusations of insider trading. It is designed to prevent the illegal use of non-public information in stock trading decisions.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.