Jen‑hsun Huang Reports 225,000 NVDA Share Sales via Pre‑Arranged Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jen‑hsun Huang, President and CEO of NVIDIA (NVDA), reported sales of 225,000 shares of NVIDIA common stock under a pre‑established Rule 10b5‑1 trading plan adopted March 20, 2025. The sales occurred on September 25, 26 and 29, 2025 at weighted average prices in the ranges disclosed for each trade, and the filings show a remaining direct beneficial ownership of 71,233,203 shares. The Form 4 lists substantial indirect holdings held by trusts, partnerships and LLCs as described in the form. The transactions were signed by Rebecca Peters, Attorney‑in‑Fact, on September 29, 2025.
Positive
- Transactions were executed under a Rule 10b5‑1 trading plan, indicating pre‑planned dispositions rather than opportunistic insider trades
- Filing discloses remaining direct ownership of 71,233,203 shares, plus detailed indirect holdings, providing transparent disclosure
- Form 4 includes price ranges and explanations for each tranche and identifies the fiduciary vehicles holding additional shares
Negative
- The CEO sold 225,000 shares over three days in late September 2025, which increases share supply from a senior executive
- Large aggregate insider ownership is concentrated in trusts and entities, which may indicate continued control concentrated with the Reporting Person
Insights
TL;DR: CEO sold 225,000 NVDA shares under a 10b5‑1 plan; transaction provides liquidity but appears pre‑planned, not immediate insider reaction.
The sales totaled 225,000 shares executed across three dates in late September 2025 and were effected pursuant to a Rule 10b5‑1 plan adopted March 20, 2025, which indicates pre‑arranged disposition rather than opportunistic trading. The report discloses weighted average price ranges for each tranche and shows the Reporting Person retains 71,233,203 shares directly, plus significant indirect holdings by various trusts and entities. For investors, pre‑arranged sales by a founder/CEO reduce the informational surprise but still represent ongoing share supply from a meaningful long‑term holder.
TL;DR: Insider sales were executed under a documented 10b5‑1 plan, aligning with governance best practices, though the CEO remains a very large holder.
The Form 4 clearly states the transactions were carried out pursuant to a 10b5‑1 plan, which supports compliance and reduces appearance of timed insider trading. The filing also itemizes extensive indirect holdings through trusts, partnerships and LLCs, indicating continued concentrated ownership and potential control influence. The disclosure is complete with explanations of price ranges and trustee/vehicle descriptions, which aids transparency for shareholders.
Insider Trade Summary
Net Seller: 225,000 shares ($40,233,721)
Net Sell
23 txns
Insider
HUANG JEN HSUN
Role
President and CEO
Sold
225,000 shs ($40.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,954 | $181.0824 | $1.26M |
| Sale | Common Stock | 36,296 | $181.8974 | $6.60M |
| Sale | Common Stock | 24,558 | $182.9936 | $4.49M |
| Sale | Common Stock | 7,192 | $183.546 | $1.32M |
| Sale | Common Stock | 11,995 | $175.8988 | $2.11M |
| Sale | Common Stock | 27,397 | $176.605 | $4.84M |
| Sale | Common Stock | 33,098 | $177.5395 | $5.88M |
| Sale | Common Stock | 2,510 | $178.3078 | $448K |
| Sale | Common Stock | 4,643 | $173.847 | $807K |
| Sale | Common Stock | 7,910 | $174.6591 | $1.38M |
| Sale | Common Stock | 3,784 | $175.8554 | $665K |
| Sale | Common Stock | 20,015 | $176.9408 | $3.54M |
| Sale | Common Stock | 22,300 | $177.6469 | $3.96M |
| Sale | Common Stock | 7,995 | $178.6972 | $1.43M |
| Sale | Common Stock | 8,353 | $179.6188 | $1.50M |
| holding | Common Stock | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,301,249 shares (Direct);
Common Stock — 581,378,470 shares (Indirect, By Trust)
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 $173.230 to $174.220. 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 $174.240 to $175.210. 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 $175.260 to $176.250. 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 $176.270 to $177.260. 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 $177.270 to $178.250. 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 $178.270 to $179.250. 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 $179.270 to $180.160. 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 $175.170 to $176.160. 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 $176.170 to $177.165. 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 $177.170 to $178.160. 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 $178.180 to $178.540. 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 $180.395 to $181.380. 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 $181.400 to $182.390. 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 $182.400 to $183.390. 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 $183.400 to $183.820. 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.
FAQ
What did Jen‑hsun Huang (NVDA) report on this Form 4?
The Form 4 reports that Jen‑hsun Huang sold 225,000 NVDA shares on September 25, 26 and 29, 2025 under a Rule 10b5‑1 trading plan.
Were the insider sales part of a pre‑arranged plan?
Yes. The filing states the transactions were effected pursuant to a 10b5‑1 trading plan adopted March 20, 2025.
Does the Form 4 disclose indirect holdings?
Yes. The filing lists substantial indirect holdings held by trusts, partnerships and LLCs with specific share counts disclosed in the form.
Who signed the Form 4 on behalf of the reporting person?
The Form 4 was signed by Rebecca Peters, Attorney‑in‑Fact for Jen‑hsun Huang on September 29, 2025.