Jen‑hsun Huang executes 10b5‑1 sales totaling 225,000 NVDA shares
Rhea-AI Filing Summary
Jen‑Hsun Huang, President and CEO of NVIDIA Corp (NVDA), reported a series of open‑market sales under a Rule 10b5‑1 trading plan adopted on 03/20/2025. The filings show 14 separate sales executed on 10/03/2025, 10/06/2025 and 10/07/2025 totaling 225,000 shares sold at weighted average prices ranging roughly between $183.57 and $190.33, producing individual weighted average sale prices around $186 to $189. After these dispositions, the report lists 70,783,203 shares held directly by the reporting person and multiple substantial indirect holdings via trusts, partnerships and LLCs totaling several large blocks (for example, 581,378,470 shares held by a Trust and 49,489,560 by a Partnership). The form is signed by an attorney‑in‑fact and notes that more granular per‑price sale information is available upon request.
Positive
- Sales executed under a Rule 10b5‑1 plan, providing an affirmative defense and pre‑planned governance control
- Direct holdings remain large after sales: 70,783,203 shares reported directly owned
- Granular price ranges disclosed and additional per‑price details offered upon request, improving transparency
Negative
- Insider sold 225,000 shares across 10/03/2025–10/07/2025, which may draw investor attention
- Multiple sizable indirect holdings (e.g., Trust with 581,378,470 shares) concentrate control within related parties
Insights
Insider sales under a 10b5‑1 plan show routine liquidity, not necessarily signaling company issues.
The transactions were executed under a Rule 10b5‑1 trading plan adopted on 03/20/2025, which establishes pre‑planned sales that can provide an affirmative defense to insider trading claims. The schedule lists 225,000 shares sold across three dates at weighted average prices in the mid‑$180s to high‑$180s, consistent with market execution over multiple price brackets.
Key dependencies include whether the plan was adopted when the reporting person lacked material non‑public information and whether future schedule disclosures change holdings materially; monitor subsequent Section 16 filings within typical reporting windows for any additional transactions or plan amendments over the next several weeks.
Sales modest relative to very large indirect holdings; direct holdings remain substantial.
The direct share count after these sales is reported as 70,783,203 shares. The filing also lists very large indirect positions held by trusts and related entities (for example, a Trust with 581,378,470 shares and a Partnership with 49,489,560 shares), indicating concentrated family/related ownership that dwarfs the sold amount.
Investors focused on ownership concentration should note the relative scale: the sold 225,000 shares is small compared with disclosed indirect holdings. Watch for any future filings that change the pattern or magnitude of disposals within the next calendar quarter.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,821 | $185.3057 | $3.86M |
| Sale | Common Stock | 25,498 | $185.8618 | $4.74M |
| Sale | Common Stock | 9,076 | $187.0165 | $1.70M |
| Sale | Common Stock | 15,249 | $188.1575 | $2.87M |
| Sale | Common Stock | 4,356 | $188.7255 | $822K |
| Sale | Common Stock | 3,913 | $184.2322 | $721K |
| Sale | Common Stock | 18,431 | $185.2159 | $3.41M |
| Sale | Common Stock | 42,774 | $185.9397 | $7.95M |
| Sale | Common Stock | 9,882 | $186.8438 | $1.85M |
| Sale | Common Stock | 3,160 | $186.1133 | $588K |
| Sale | Common Stock | 14,566 | $187.2417 | $2.73M |
| Sale | Common Stock | 14,672 | $187.7799 | $2.76M |
| Sale | Common Stock | 34,355 | $189.0363 | $6.49M |
| Sale | Common Stock | 8,247 | $189.8025 | $1.57M |
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Footnotes (1)
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 20, 2025. Represents weighted average sales price. The shares were sold at prices ranging from $185.490 to $186.440. The Reporting Person will provide upon request, to the Securities and Exchange Commission (the "SEC"), the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $186.500 to $187.495. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $187.500 to $188.490. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $188.500 to $189.495. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $189.500 to $190.330. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $183.570 to $184.550. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $184.570 to $185.565. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $185.570 to $186.560. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $186.570 to $187.160. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $184.590 to $185.585. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $185.590 to $186.570. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $186.595 to $187.570. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $187.600 to $188.590. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Represents weighted average sales price. The shares were sold at prices ranging from $188.600 to $188.970. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. The shares are held by Jen-Hsun Huang and Lori Huang, as co-trustees of the Jen-Hsun & Lori Huang Living Trust, u/a/d May 1, 1995 (the "Trust"). The shares are held by J. and L. Huang Investments, L.P., of which the Trust is the general partner. The shares are held by The Huang 2012 Irrevocable Trust, of which the Reporting Person is a trustee. The shares are held by The Huang Irrevocable Remainder Trust u/a/d February 19, 2016, of which the Reporting Person is a trustee. The shares are held by The Lori Lynn Huang 2016 Annuity Trust II Agreement. The shares are held by The Jen-Hsun Huang 2016 Annuity Trust II Agreement. The shares are held by TARG S LLC, of which the Trust is the sole member. The shares are held by TARG M LLC, of which the Trust is the sole member.
