STOCK TITAN

[8-K] Professional Diversity Network, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Nvidia Corp. (NVDA) – Form 144 filing reports a proposed sale of 75,000 common shares on 23 Jul 2025 through Charles Schwab, with an aggregate market value of $12.7 million. The seller, identified in related tables as Jen-Hsun Huang, intends to dispose of stock previously acquired via option exercises on 08 Sep 2023 (68,705 sh) and 15 Sep 2023 (6,295 sh), both paid in cash.

The filing details an extensive selling program: 22 separate transactions over the prior three months totaling 1,575,000 shares and roughly $194 million in gross proceeds, with daily blocks ranging from 50,000–75,000 shares between 20 Jun and 22 Jul 2025.

The notice affirms the insider is unaware of undisclosed adverse information, satisfying Rule 144 representations. While Form 144 merely signals intent, the sustained, sizable disposals by the long-time executive could be interpreted as a bearish sentiment or personal diversification move and warrants investor attention.

Nvidia Corp. (NVDA) – Segnalazione Modulo 144 riporta una proposta di vendita di 75.000 azioni ordinarie il 23 luglio 2025 tramite Charles Schwab, con un valore di mercato complessivo di 12,7 milioni di dollari. Il venditore, identificato nelle tabelle correlate come Jen-Hsun Huang, intende cedere azioni precedentemente acquisite tramite esercizi di opzioni l'8 settembre 2023 (68.705 azioni) e il 15 settembre 2023 (6.295 azioni), entrambe pagate in contanti.

La segnalazione descrive un programma di vendita esteso: 22 transazioni separate negli ultimi tre mesi per un totale di 1.575.000 azioni e circa 194 milioni di dollari di ricavi lordi, con blocchi giornalieri compresi tra 50.000 e 75.000 azioni tra il 20 giugno e il 22 luglio 2025.

La notifica conferma che l'insider non è a conoscenza di informazioni sfavorevoli non divulgate, soddisfacendo le dichiarazioni richieste dalla Regola 144. Sebbene il Modulo 144 indichi solo l'intenzione di vendita, le continue e significative cessioni da parte del dirigente storico potrebbero essere interpretate come un segnale ribassista o una mossa di diversificazione personale, richiedendo attenzione da parte degli investitori.

Nvidia Corp. (NVDA) – Presentación del Formulario 144 informa sobre una propuesta de venta de 75,000 acciones ordinarias el 23 de julio de 2025 a través de Charles Schwab, con un valor de mercado total de 12,7 millones de dólares. El vendedor, identificado en las tablas relacionadas como Jen-Hsun Huang, planea disponer de acciones adquiridas previamente mediante ejercicios de opciones el 8 de septiembre de 2023 (68,705 acciones) y el 15 de septiembre de 2023 (6,295 acciones), ambas pagadas en efectivo.

La presentación detalla un programa de venta extenso: 22 transacciones separadas en los últimos tres meses que suman 1,575,000 acciones y aproximadamente 194 millones de dólares en ingresos brutos, con bloques diarios que van de 50,000 a 75,000 acciones entre el 20 de junio y el 22 de julio de 2025.

El aviso afirma que el insider no conoce información adversa no divulgada, cumpliendo con las representaciones de la Regla 144. Aunque el Formulario 144 solo indica la intención, las continuas y significativas ventas por parte del ejecutivo de larga data podrían interpretarse como un sentimiento bajista o un movimiento personal de diversificación, y merecen la atención de los inversores.

Nvidia Corp. (NVDA) – Form 144 제출은 2025년 7월 23일 Charles Schwab을 통해 75,000 주의 보통주 판매 제안을 보고하며, 총 시장 가치는 1,270만 달러에 달합니다. 관련 표에서 판매자로 확인된 Jen-Hsun Huang은 2023년 9월 8일(68,705주)과 9월 15일(6,295주)에 현금으로 지급하여 취득한 옵션 행사 주식을 처분할 예정입니다.

이 제출 서류는 지난 3개월 동안 총 1,575,000 주와 약 1억 9,400만 달러의 총 수익을 기록한 22건의 별도 거래로 이루어진 광범위한 판매 프로그램을 상세히 설명하며, 2025년 6월 20일부터 7월 22일까지 일일 단위로 50,000주에서 75,000주 사이의 블록 거래가 있었습니다.

해당 통지는 내부자가 공개되지 않은 부정적 정보를 알지 못함을 확인하며, Rule 144의 진술 요건을 충족합니다. Form 144는 단순히 의도를 나타내지만, 오랜 임원의 지속적이고 대규모 매도는 약세 심리 또는 개인적 다각화 움직임으로 해석될 수 있어 투자자의 주의가 요구됩니다.

Nvidia Corp. (NVDA) – Dépôt du Formulaire 144 signale une proposition de vente de 75 000 actions ordinaires le 23 juillet 2025 via Charles Schwab, pour une valeur marchande totale de 12,7 millions de dollars. Le vendeur, identifié dans les tableaux associés comme Jen-Hsun Huang, prévoit de céder des actions acquises précédemment par l'exercice d'options le 8 septembre 2023 (68 705 actions) et le 15 septembre 2023 (6 295 actions), toutes deux payées en espèces.

Le dépôt détaille un programme de vente étendu : 22 transactions distinctes au cours des trois derniers mois totalisant 1 575 000 actions et environ 194 millions de dollars de produits bruts, avec des blocs quotidiens allant de 50 000 à 75 000 actions entre le 20 juin et le 22 juillet 2025.

L'avis affirme que l'initié n'est pas au courant d'informations défavorables non divulguées, respectant ainsi les déclarations requises par la règle 144. Bien que le formulaire 144 indique seulement une intention, les cessions soutenues et importantes par ce cadre de longue date pourraient être interprétées comme un sentiment baissier ou un mouvement de diversification personnel, nécessitant l'attention des investisseurs.

Nvidia Corp. (NVDA) – Form 144 Einreichung meldet einen geplanten Verkauf von 75.000 Stammaktien am 23. Juli 2025 über Charles Schwab mit einem Gesamtmarktwert von 12,7 Millionen US-Dollar. Der Verkäufer, in den zugehörigen Tabellen als Jen-Hsun Huang identifiziert, beabsichtigt, Aktien zu veräußern, die zuvor durch Optionsausübungen am 8. September 2023 (68.705 Aktien) und 15. September 2023 (6.295 Aktien) erworben und bar bezahlt wurden.

Die Einreichung beschreibt ein umfangreiches Verkaufsprogramm: 22 einzelne Transaktionen innerhalb der letzten drei Monate mit insgesamt 1.575.000 Aktien und etwa 194 Millionen US-Dollar Bruttoerlös, mit täglichen Blöcken zwischen 50.000 und 75.000 Aktien vom 20. Juni bis 22. Juli 2025.

Die Mitteilung bestätigt, dass der Insider keine nicht offengelegten negativen Informationen kennt und somit die Anforderungen der Regel 144 erfüllt. Während das Formular 144 nur die Absicht signalisiert, könnten die anhaltenden, umfangreichen Verkäufe des langjährigen Geschäftsführers als bärische Stimmung oder persönliche Diversifikationsmaßnahme interpretiert werden und verdienen die Aufmerksamkeit der Investoren.

Positive
  • Transparency: Insider filed timely Form 144 and certified absence of undisclosed adverse information, demonstrating regulatory compliance.
Negative
  • Continued insider selling: Proposed 75,000-share sale follows 1,575,000 shares already sold in the last three months, totaling about $194 M.
  • Potential sentiment drag: Sales by founder/CEO can be perceived as bearish, even if motivated by diversification.

Insights

TL;DR: $12.7 M planned sale follows 1.6 M shares already sold; signals potential insider de-risking, mildly negative for sentiment.

The filing adds another 75 k-share block to a heavy three-month disposal pattern by Jen-Hsun Huang. Although 75 k shares are immaterial to the 24.4 B outstanding, cumulative sales of 1.6 M shares (~$194 M) represent meaningful personal monetisation. Rule 144 compliance and prior option exercises explain share availability, yet persistent selling from a visionary founder may pressure near-term sentiment and prompt questions about valuation peak or personal diversification. No operational data accompany the notice; fundamental thesis remains unchanged but headline risk rises.

TL;DR: Routine Rule 144 disclosure; transparency intact, impact limited unless market interprets pattern negatively.

Form 144 is procedural—management must file before selling. The document shows adherence to disclosure rules, a positive governance sign. Volume is modest versus float, and the signatory certifies no undisclosed negative information. However, investors often view clustered insider sales as a soft warning. Context—option exercises in 2023—suggests legitimate liquidity events. Absent evidence of operational issues, I classify impact as neutral but flag sentiment risk.

Nvidia Corp. (NVDA) – Segnalazione Modulo 144 riporta una proposta di vendita di 75.000 azioni ordinarie il 23 luglio 2025 tramite Charles Schwab, con un valore di mercato complessivo di 12,7 milioni di dollari. Il venditore, identificato nelle tabelle correlate come Jen-Hsun Huang, intende cedere azioni precedentemente acquisite tramite esercizi di opzioni l'8 settembre 2023 (68.705 azioni) e il 15 settembre 2023 (6.295 azioni), entrambe pagate in contanti.

La segnalazione descrive un programma di vendita esteso: 22 transazioni separate negli ultimi tre mesi per un totale di 1.575.000 azioni e circa 194 milioni di dollari di ricavi lordi, con blocchi giornalieri compresi tra 50.000 e 75.000 azioni tra il 20 giugno e il 22 luglio 2025.

La notifica conferma che l'insider non è a conoscenza di informazioni sfavorevoli non divulgate, soddisfacendo le dichiarazioni richieste dalla Regola 144. Sebbene il Modulo 144 indichi solo l'intenzione di vendita, le continue e significative cessioni da parte del dirigente storico potrebbero essere interpretate come un segnale ribassista o una mossa di diversificazione personale, richiedendo attenzione da parte degli investitori.

Nvidia Corp. (NVDA) – Presentación del Formulario 144 informa sobre una propuesta de venta de 75,000 acciones ordinarias el 23 de julio de 2025 a través de Charles Schwab, con un valor de mercado total de 12,7 millones de dólares. El vendedor, identificado en las tablas relacionadas como Jen-Hsun Huang, planea disponer de acciones adquiridas previamente mediante ejercicios de opciones el 8 de septiembre de 2023 (68,705 acciones) y el 15 de septiembre de 2023 (6,295 acciones), ambas pagadas en efectivo.

La presentación detalla un programa de venta extenso: 22 transacciones separadas en los últimos tres meses que suman 1,575,000 acciones y aproximadamente 194 millones de dólares en ingresos brutos, con bloques diarios que van de 50,000 a 75,000 acciones entre el 20 de junio y el 22 de julio de 2025.

El aviso afirma que el insider no conoce información adversa no divulgada, cumpliendo con las representaciones de la Regla 144. Aunque el Formulario 144 solo indica la intención, las continuas y significativas ventas por parte del ejecutivo de larga data podrían interpretarse como un sentimiento bajista o un movimiento personal de diversificación, y merecen la atención de los inversores.

Nvidia Corp. (NVDA) – Form 144 제출은 2025년 7월 23일 Charles Schwab을 통해 75,000 주의 보통주 판매 제안을 보고하며, 총 시장 가치는 1,270만 달러에 달합니다. 관련 표에서 판매자로 확인된 Jen-Hsun Huang은 2023년 9월 8일(68,705주)과 9월 15일(6,295주)에 현금으로 지급하여 취득한 옵션 행사 주식을 처분할 예정입니다.

이 제출 서류는 지난 3개월 동안 총 1,575,000 주와 약 1억 9,400만 달러의 총 수익을 기록한 22건의 별도 거래로 이루어진 광범위한 판매 프로그램을 상세히 설명하며, 2025년 6월 20일부터 7월 22일까지 일일 단위로 50,000주에서 75,000주 사이의 블록 거래가 있었습니다.

해당 통지는 내부자가 공개되지 않은 부정적 정보를 알지 못함을 확인하며, Rule 144의 진술 요건을 충족합니다. Form 144는 단순히 의도를 나타내지만, 오랜 임원의 지속적이고 대규모 매도는 약세 심리 또는 개인적 다각화 움직임으로 해석될 수 있어 투자자의 주의가 요구됩니다.

Nvidia Corp. (NVDA) – Dépôt du Formulaire 144 signale une proposition de vente de 75 000 actions ordinaires le 23 juillet 2025 via Charles Schwab, pour une valeur marchande totale de 12,7 millions de dollars. Le vendeur, identifié dans les tableaux associés comme Jen-Hsun Huang, prévoit de céder des actions acquises précédemment par l'exercice d'options le 8 septembre 2023 (68 705 actions) et le 15 septembre 2023 (6 295 actions), toutes deux payées en espèces.

Le dépôt détaille un programme de vente étendu : 22 transactions distinctes au cours des trois derniers mois totalisant 1 575 000 actions et environ 194 millions de dollars de produits bruts, avec des blocs quotidiens allant de 50 000 à 75 000 actions entre le 20 juin et le 22 juillet 2025.

L'avis affirme que l'initié n'est pas au courant d'informations défavorables non divulguées, respectant ainsi les déclarations requises par la règle 144. Bien que le formulaire 144 indique seulement une intention, les cessions soutenues et importantes par ce cadre de longue date pourraient être interprétées comme un sentiment baissier ou un mouvement de diversification personnel, nécessitant l'attention des investisseurs.

Nvidia Corp. (NVDA) – Form 144 Einreichung meldet einen geplanten Verkauf von 75.000 Stammaktien am 23. Juli 2025 über Charles Schwab mit einem Gesamtmarktwert von 12,7 Millionen US-Dollar. Der Verkäufer, in den zugehörigen Tabellen als Jen-Hsun Huang identifiziert, beabsichtigt, Aktien zu veräußern, die zuvor durch Optionsausübungen am 8. September 2023 (68.705 Aktien) und 15. September 2023 (6.295 Aktien) erworben und bar bezahlt wurden.

Die Einreichung beschreibt ein umfangreiches Verkaufsprogramm: 22 einzelne Transaktionen innerhalb der letzten drei Monate mit insgesamt 1.575.000 Aktien und etwa 194 Millionen US-Dollar Bruttoerlös, mit täglichen Blöcken zwischen 50.000 und 75.000 Aktien vom 20. Juni bis 22. Juli 2025.

Die Mitteilung bestätigt, dass der Insider keine nicht offengelegten negativen Informationen kennt und somit die Anforderungen der Regel 144 erfüllt. Während das Formular 144 nur die Absicht signalisiert, könnten die anhaltenden, umfangreichen Verkäufe des langjährigen Geschäftsführers als bärische Stimmung oder persönliche Diversifikationsmaßnahme interpretiert werden und verdienen die Aufmerksamkeit der Investoren.

false 0001546296 0001546296 2025-07-22 2025-07-22
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 23, 2025 (July 22, 2025)
 
PROFESSIONAL DIVERSITY NETWORK, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-35824
 
80-0900177
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
55 E. Monroe StreetSuite 2120ChicagoIllinois 60603
(Address of Principal Executive Office) (Zip Code)
 
(312) 614-0950
(Registrant’s telephone number, including area code)
 
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which
registered
Common Stock, $.01 par value
 
IPDN
 
The NASDAQ Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging Growth Company
 
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
 
On July 19, 2025, the Board of Directors (the “Board”) of Professional Diversity Network, Inc. (the “Company”) took the following actions: (i) accepted the resignation of Mr. Adam He as Chief Executive Officer; (ii) appointed Mr. Xun Wu as the new Chief Executive Officer; (iii) increased the size of the Board from five (5) to seven (7) directors; and (iv) appointed Ms. Haixia Lu as a new independent director to fill one of the newly created vacancies.
 
Resignation of Principal Executive Officer
 
On June 6, 2025, Mr. Adam He notified the Board of his decision to resign from the position of Chief Executive Officer of the Company, effective upon the Board's election of a new CEO. The Company understands that Mr. He’s decision to resign was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. The Board expressed its gratitude for his service.
 
Appointment of New Principal Executive Officer
 
On July 19, 2025, the Board appointed Mr. Xun Wu as the Company’s Chief Executive Officer, effective as of July 22, 2025.
 
Mr. Wu, age 65, brings extensive experience in management and editorial leadership. Since 2011, he has served as the Chief Editor at Wenzhou News Media Center, where he led the entire editorial team, developed editorial policies, and managed major projects. Prior to this, he was an Editor at the same organization from 1995 to 2011, responsible for daily news content, layout design, and maintaining high editorial standards. Mr. Wu began his career as a Typesetting & Printing Technician at Wenzhou Daily Printing Factory. He holds a Bachelor’s Degree in Chinese Language and Literature from Wenzhou Normal University and received advanced professional training in electronic publishing systems from Peking University.
 
There is no arrangement or understanding between Mr. Wu and any other person pursuant to which he was selected as an officer of the Company, and there is no family relationship between Mr. Wu and any of the Company’s other directors or executive officers. Since the beginning of the Company’s last fiscal year, there have been no transactions, and there are no currently proposed transactions, in which the Company was or is to be a participant and in which Mr. Wu had or will have a direct or indirect material interest that would be required to be reported under Item 404(a) of Regulation S-K.
 
In connection with his appointment, on July 22, 2025, the Company entered into an employment agreement with Mr. Wu (the “Employment Agreement”). The material terms of the Employment Agreement are summarized as follows:
 
Term: 12 months commencing July 22, 2025, unless terminated earlier pursuant to the Employment Agreement
 
Base Salary: shares of common stock of the Company with an aggregate fair market value of $100,000 USD per year, as determined on the date of each grant
 
Annual Bonus: no additional annual bonus specified apart from the base salary in shares
 
Equity Awards: no additional equity awards specified apart from the base salary in shares
 
Severance: if upon termination without cause: payment of earned but unpaid base salary prior to termination; if Upon termination due to change of control: (1) a lump sum cash payment equal to 12 months of base salary, (2) a lump sum cash payment equal to a pro-rated target annual bonus for the year prior to termination, (3) as applicable, immediate vesting of 100% of unvested outstanding equity awards.
 
The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Increase in Board Size and Appointment of New Director
 
On July 19, 2025, upon the recommendation of the Company’s Nominating and Governance Committee, the Board of Directors increased the authorized number of directors from five (5) to seven (7) and appointed Ms. Haixia Lu to fill one of the resulting vacancies, effective immediately. The Board has affirmatively determined that Ms. Lu qualifies as an independent director under the listing standards of the Nasdaq Stock Market.
 
Ms. Lu, age 32, currently serves as a Project Management Specialist and Head of the Health Education Unit at Novartis Pharmaceuticals, a position she has held since January 2020. In this role, she leads cross-functional teams to deliver patient-focused health programs, manages project timelines and budgets, and develops health education content. Previously, Ms. Lu worked as a Public Health Administration Specialist at Wuhan First Hospital and Wuhan University People’s Hospital. Ms. Lu earned a Bachelor’s Degree in Public Health Administration and a dual degree in Accounting from Wuhan University of Science and Technology, providing her with valuable expertise in both public health and financial matters.
 
The committee assignments for Ms. Lu have not been determined at this time. In accordance with Instruction 2 to Item 5.02 of Form 8-K, the Company will file an amendment to this Current Report on Form 8-K to disclose Ms. Lu’s committee appointments within four business days after such information is determined.
 
There is no arrangement or understanding between Ms. Lu and any other person pursuant to which she was selected as a director. There are no family relationships between Ms. Lu and any director or executive officer of the Company. Since the beginning of the Company’s last fiscal year, there have been no transactions, and there are no currently proposed transactions, in which the Company was or is to be a participant and in which Ms. Lu or any member of her immediate family had or will have a direct or indirect material interest that would be required to be reported under Item 404(a) of Regulation S-K.
 
In connection with her appointment, on July 22, 2025, Ms. Lu entered into an Independent Director Service Agreement (the “Director Agreement”) and the Company’s standard form of indemnification agreement for its directors. Pursuant to the Company’s non-employee director compensation program, as described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on May 1, 2025, Ms. Lu will be entitled to receive: (i) an annual cash retainer of $5,000; (ii) an annual equity award of $25,000 in Restricted Stock Units; and (iii) applicable cash retainers for any committee service to which she may be appointed. The foregoing description is qualified in its entirety by reference to the full text of the Independent Director Service Agreement and the form of Director and Executive Officer’s Indemnification Agreement, which are filed as Exhibit 10.2 and Exhibit 10.3, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.
 
Description
10.1
 
Employment Agreement, dated July 22, 2025, by and between Professional Diversity Network, Inc. and Xun Wu.
10.2
 
Independent Director Service Agreement, dated July 22, 2025, by and between Professional Diversity Network, Inc. and Haixia Lu.
10.3
 
Form of Director and Executive Officer’s Indemnification Agreement.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)
 

 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
NORTHANN CORP.
 
       
Date:  July 23, 2025
By:
/s/ Hao Zhang
 
 
Name:
Hao Zhang
 
 
Title:
Chairman of the Board
 
 
 
3
 
 
 

FAQ

How many NVDA shares are proposed for sale in the latest Form 144?

The filing covers 75,000 common shares.

What is the estimated market value of the 75,000 NVDA shares to be sold?

The aggregate market value disclosed is $12,715,423.

When is the insider planning to sell the NVDA shares?

The approximate sale date listed is 23 July 2025.

How many NVDA shares has Jen-Hsun Huang sold in the past three months?

The table shows 1,575,000 shares sold between 20 Jun and 22 Jul 2025.

How were the shares being sold originally acquired?

They were obtained via option exercises on 08 Sep 2023 and 15 Sep 2023, paid in cash.

Which broker is handling the proposed NVDA share sale?

The broker named is Charles Schwab & Co., Inc.
Professional Dvrsty Ntwork Inc

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