Santa Clara, California – Nvidia board members are benefiting from the surge in the company’s stock price, with shares trading at $887 today, reflecting a 26.5% increase in value this month. Recent SEC filings show that four insiders have sold off their holdings in the past four weeks, contributing to a growing trend of executives selling billions in company stock.
Among the board members cashing in on Nvidia’s success are Tench Coxe, a former managing director at venture capital firm Sutter Hill Ventures, who recently sold $170 million in company stock. Similarly, board member Mark Stevens offloaded shares worth millions in separate transactions. These sales come as Nvidia continues to make waves in the tech industry, especially in the AI sector.
Other board members like Mark Perry and Harvey Jones have also sold significant portions of their stakes in the company, with Perry selling 15,000 shares for nearly $12 million. Despite these sales, these board members still retain substantial stakes in Nvidia, demonstrating their continued confidence in the company’s future growth potential.
CEO Jensen Huang holds a considerable 3.5% stake in the company, with around 86 million shares in his name. This solidifies his commitment to Nvidia’s long-term success and his belief in the company’s direction in the competitive tech landscape.
In a similar vein, Amazon CEO Andrew Jassy recently sold 50,000 shares in Amazon as part of a pre-established trading plan. This move reflects a strategic approach to managing personal finances while showcasing confidence in Amazon’s performance in the market.
Overall, the recent stock sales by Nvidia board members and other executives indicate a broader trend in the tech industry, where key players are taking advantage of favorable market conditions to profit from their investments. As Nvidia continues to innovate and grow, these insider sales provide insight into the confidence and strategic planning of industry leaders in navigating the ever-evolving tech landscape.