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Nvidia CEO Sells 186,000 Shares
Posted: Thu Apr 17, 2008 6:54 am
by Apoptosis
Nvidia CEO Sells 186,000 Shares
Monday April 14, 4:34 pm ET
Nvidia Chief Executive Jen-Hsun Huang Sells 186,000 Shares of Common Stock
NEW YORK (AP) -- The chief executive of graphic chip maker Nvidia Corp. exercised options for and then sold 186,000 shares of stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Friday.
In a Form 4 filed with the SEC, Jen-Hsun Huang reported he exercised the options Wednesday and Thursday for $3.11 apiece and then sold all the shares the same days for $19.17 to $20.45 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Nvidia is based in Santa Clara, Calif.
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Re: Nvidia CEO Sells 186,000 Shares
Posted: Thu Apr 17, 2008 10:58 am
by vicaphit
That is well over 3 million dollars... I wish I had the ability to make money that fast.
Re: Nvidia CEO Sells 186,000 Shares
Posted: Thu Apr 17, 2008 12:12 pm
by Methious
Yea take 558,000 and turn it into $3 Mil turning some paper. That'd be sweet.
Re: Nvidia CEO Sells 186,000 Shares
Posted: Thu Apr 17, 2008 2:56 pm
by geokilla
Why would he do that...? Maybe he knows that NVIDIA's future products will perform not as good as people expector something.....
Re: Nvidia CEO Sells 186,000 Shares
Posted: Thu Apr 17, 2008 2:58 pm
by martini161
geokilla wrote:Why would he do that...? Maybe he knows that NVIDIA's future products will perform not as good as people expector something.....
or maybe to make a crap load of cash?
Re: Nvidia CEO Sells 186,000 Shares
Posted: Thu Apr 17, 2008 3:11 pm
by eva2000
smart man.. piss off intel + sell of some shares = nvidia shareholders some loose confidence and sell off some shares pushing nvidia share price down more
near future intel annouces gpus to fight nvidia.. nvidia share price goes down more
nvidia ceo buys back nvidia shares at a substantially reduced price
then nvidia announces new gpus several generations ahead of intel (which already readied back before ATI HD3800 series but nvidia held off the release to prolong G80/G92 product life cycle through product refreshes) blitzs intels offerings and nvidia share price goes through the roofing. Netting him a nice profit
Re: Nvidia CEO Sells 186,000 Shares
Posted: Fri Apr 18, 2008 4:25 am
by Apoptosis
own any shares then Eva? ;)
Re: Nvidia CEO Sells 186,000 Shares
Posted: Sat Apr 19, 2008 4:45 am
by Kougar
I think the context of how large a percentage of his shares this sell was would help. Selling some shares to get some pocket money is one thing, but $3.7M is a bit more than that. Especially with all sorts of next-gen launches coming this fall...
Re: Nvidia CEO Sells 186,000 Shares
Posted: Sat Apr 19, 2008 5:45 am
by eva2000
Apoptosis wrote:own any shares then Eva? ;)
i wish hehe