Huang Renxun makes another move: Nvidia's stock price reaches a new high, with over 10 million US dollars cashed out in a single day

Golden Finance reported that according to documents submitted to the US Securities and Exchange Commission, on Friday (July 18th), as Nvidia's stock price hit a new historical high, Nvidia CEO Huang Renxun also took decisive action, reducing his holdings of 75000 shares worth approximately $12.94 million. As early as March this year, Huang Renxun disclosed a plan to reduce his holdings of 6 million shares of Nvidia stock in accordance with the 10b5-1 rule, and Friday's reduction action was part of this plan. The 10b5-1 trading plan allows insiders of listed companies to decide in advance to sell a specified number of stocks at a predetermined time. The purpose of this plan is to avoid suspicion of insider trading and ensure transparency and fairness of transactions. Since last month, Huang Renxun has initiated his current round of reduction actions, and according to another document from the US Securities and Exchange Commission, earlier this week, Huang Renxun sold 225000 shares of Nvidia stock for a total of approximately $37 million.