Board members at Nvidia, a leading AI company, are capitalizing on the company’s soaring stock prices by selling off their holdings. This includes four insiders who have collectively sold millions of dollars worth of Nvidia stock in the past four weeks, joining the trend of executives unloading billions in company stock. Among those who have cashed in include Tench Coxe, Mark Stevens, Mark Perry, and Harvey Jones, all of whom still retain significant stakes in the company despite their recent sales.
Tench Coxe, a former managing director at a venture capital firm, sold $170 million in Nvidia stock in three transactions. Similarly, Mark Stevens, Mark Perry, and Harvey Jones have also offloaded millions worth of shares in recent weeks. Despite selling off portions of their stakes, all four board members still hold considerable amounts of Nvidia stock. CEO Jensen Huang holds the largest stake with about 86 million shares, representing a 3.5% ownership of the company.
In addition to the Nvidia board members, other notable executives like Amazon CEO Andrew Jassy, JPMorgan Chase CEO Jamie Dimon, and founders like Jeff Bezos and Mark Zuckerberg have also sold significant amounts of company stock recently. This trend of high-profile individuals cashing in their holdings reflects the current market environment where stock prices are at all-time highs, prompting insiders to seize the opportunity to liquidate some of their positions.
