[144] PUMA BIOTECHNOLOGY INC SEC Filing

Rhea-AI Filing Summary

Form 144 filing for NVIDIA Corporation (NVDA) dated 07/09/2025 discloses chief executive officer Jen-Hsun Huang’s intention to sell 75,000 common shares through Charles Schwab & Co. at an aggregate market value of $12.23 million. The filing follows an extended series of sales made during the previous three months in which Huang disposed of 825,000 shares for gross proceeds of approximately $127.54 million.

The shares to be sold were acquired via performance stock awards on 12/13/2023 (70,145 shares) and 03/20/2024 (4,855 shares), indicating they are part of routine equity compensation. The notice certifies that the filer is unaware of any undisclosed material adverse information and, if relying on a Rule 10b5-1 trading plan, such a plan was adopted prior to the sale instructions.

The filing references a share count outstanding of 24.4 billion (as listed in the form), implying the planned sale represents a mathematically negligible fraction of reported shares outstanding. Nevertheless, the continued pace and scale of insider selling—over $127 million in three months—may draw investor attention to potential diversification or liquidity motives by NVIDIA’s long-tenured CEO.

Positive

• Transparent disclosure via timely Form 144 filing, signalling compliance with SEC Rule 144 and potential Rule 10b5-1 trading plan.
• Sale size is negligible relative to the 24.4 billion shares outstanding figure stated in the form, limiting direct dilution or market supply impact.

Negative

• Continued large-scale insider selling—CEO has sold 825,000 shares for ~$127.5 million in three months, with another 75,000 shares planned.
• Market sentiment risk: Repeated disposals by the founder-CEO may be interpreted as reduced confidence in near-term valuation.

Insights

Securities Analyst

TL;DR: CEO plans new 75k-share sale after $127 m sold; signals continued insider selling trend.

Form 144 filings alert markets to prospective sales but do not guarantee execution. Huang’s additional 75,000-share intent follows 825,000 shares already sold since 20-Jun-2025. While the filing lists 24.4 billion shares outstanding—making the new sale de minimis—NVDA’s real float is far lower, implying a more meaningful relative size. Large, repeated disposals by a founder-CEO can be perceived negatively because they may suggest valuation optimisation or personal diversification. That said, the sales involve stock received from recent performance awards, and the certification implies compliance with Rule 10b5-1. No operational or financial data are provided; therefore impact is limited to sentiment around insider activity.

Corporate Governance Expert

TL;DR: Filing shows governance compliance but heavy selling could raise alignment questions.

From a governance perspective, timely Form 144 disclosure and reference to possible 10b5-1 plans demonstrate procedural correctness and transparency. Equity compensation vesting followed by sale is common among executives to manage concentration risk. Nevertheless, cumulative proceeds exceeding $127 million within a quarter may trigger board-level discussions on perceived signal to shareholders and potential market optics. Absent clarifying commentary from the company, investors may interpret persistent sales as management tempering exposure near peak valuations, which can weigh on sentiment.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	3443	12171.01	49638093	07/09/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/08/2025	Restricted Stock Vesting	Issuer			3443	07/08/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Douglas Hunt 10880 Wilshire Boulevard Suite 2150 Los Angeles CA 90024	Common	07/08/2025	4374	15454.65

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many NVIDIA (NVDA) shares does CEO Jen-Hsun Huang plan to sell according to the latest Form 144?

The filing states an intent to sell 75,000 common shares on or about 07/09/2025.

What is the estimated market value of the planned NVDA share sale?

The aggregate market value listed for the 75,000 shares is $12.23 million.

How many NVDA shares has the CEO sold in the past three months?

The form lists 825,000 shares sold between 20-Jun-2025 and 08-Jul-2025 for gross proceeds of about $127.5 million.

Were the shares being sold part of an equity compensation plan?

Yes. The shares were acquired through performance stock awards on 12/13/2023 and 03/20/2024.

Does the Form 144 mention a Rule 10b5-1 trading plan?

The signer certifies compliance if relying on Rule 10b5-1, but the specific adoption date is not provided in the excerpt.

Which broker will handle the upcoming NVDA share sale?

The broker listed is Charles Schwab & Co., Inc., Westlake, TX.