According to reports, NVIDIA CEO Huang Renxun sold approximately $169 million in company stocks in June, setting a new high for his monthly stock sales.

According to documents from the US Securities and Exchange Commission (SEC), this is Huang Renxun's first time this year that he has sold 1.3 million shares within a month, with a total value of nearly $169 million, setting a record for his monthly stock sales. The document indicates that this series of transactions was conducted according to the 10b5-1 rule trading plan adopted by him in March.

Coincidentally, Nvidia's stock price soared this month. Its market value has remained above $3 trillion, even surpassing Apple and Microsoft at one point, becoming the world's highest company by market value.

Nvidia's dominant position in the high-end accelerator market has made it one of the biggest beneficiaries of the artificial intelligence boom. As of the close of the US stock market on Wednesday (July 3), Nvidia's stock price rose 10.17% to $128.28, with a year to date increase of 166.31%.

At the same time, Huang Renxun's net assets have more than doubled in the past six months, reaching $63.7 billion. Currently, he ranks 13th in the Bloomberg Billionaires Index with a wealth of $107.7 billion.

Data shows that since the beginning of 2020, including the sale in June, Huang Renxun has accumulated nearly 1.1 billion US dollars in cash. Other documents indicate that he plans to continue selling stocks in July. In addition, other executives at Nvidia, including Executive Vice President Deborah Shoquist and Chief Financial Officer Colette Kress, have also engaged in stock cashouts.

According to data from Washington Service, excluding the 1:10 stock split on June 10th, Nvidia executives and directors have sold approximately 770,000 shares and cashed out over $700 million. Since Nvidia released its first quarter financial report on May 22, more than one-third of insiders have chosen to sell stocks, marking the fastest pace in recent years.

As early as the end of March this year, Huang Renxun announced his stock sale plan. At that time, Nvidia mentioned in its performance report that Huang Renxun would sell up to 600,000 shares through the 10b5-1 stock sale plan by the end of March 2025.

The 10b5-1 Plan was a rule implemented by the SEC in October 2000 under the Securities Exchange Act of 1934. This plan allows internal personnel to establish a trading plan in advance to buy and sell stocks, and strictly enforce the plan to prove that they have not used internal information in transactions. If faced with allegations of insider trading in the future, traders can actively defend themselves through this rule.

Some analysts suggest that the stocks sold by Huang Renxun are part of his executive compensation plan, including restricted stock units (RSUs) and performance stock units (PSUs), which is a common compliance practice among company CEOs.