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Nvidia Executives Report Share Changes: Huang's 45,728 Shares Withheld for Tax, CFO Sells $7.65M
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On September 18, Nvidia filed a Form 4 with the SEC detailing stock transactions by five executives on September 16-17. CEO Jensen Huang had 45,728 shares of common stock withheld to cover tax obligations from RSU vesting, valued at approximately $9.7 million. CFO Colette Kress, COO Debora Shoquist, General Counsel Timothy Teter, and Chief Accounting Officer Scott Gawel also had shares withheld for tax purposes. Additionally, Kress sold 34,918 shares on the open market on September 17 under a pre-arranged Rule 10b5-1 trading plan, netting about $7.649 million. The article also notes that on September 18, Nvidia shares rose 1.34% to close at $222.27, giving a market cap of $5.36 trillion. Separately, Jensen Huang dismissed predictions of AI catastrophe by 2030 as '0%' in a CBS News interview, calling such claims unnecessary panic.
Source report
September 18, 2024 — A Form 4 filing submitted by Nvidia to the U.S. Securities and Exchange Commission (SEC) on September 18 revealed that five company executives, including CEO Jensen Huang, had shares passively withheld on September 16 to cover tax obligations arising from the vesting of restricted stock units (RSUs).
Key Details on Share Withholdings
- Jensen Huang: 45,728 shares of common stock were withheld at a price of $212.17 per share, valued at approximately $9.7 million. The filing noted that these shares were retained by Nvidia to satisfy Huang's tax liabilities from RSU vesting, and were not sold on the open market.
- Other executives also underwent similar share withholdings on September 16:
- Colette Kress (Chief Financial Officer): 40,747 shares
- Debora Shoquist (Chief Operating Officer): 35,008 shares
- Timothy Teter (General Counsel and Secretary): 35,738 shares
- Scott Gawel (Chief Accounting Officer): 2,932 shares
CFO Colette Kress Conducts Open Market Sales
Unlike the other four executives, Colette Kress also executed actual sales through the open market on September 17. According to SEC filings, Kress sold a total of 34,918 shares in three transactions, with a combined value of approximately $7.649 million. The sales were conducted pursuant to a Rule 10b5-1 trading plan established on June 16, 2026.
Additional Disclosures
The filing also reported a share movement of a different nature involving the Jen-Hsun & Lori Huang Living Trust on September 17.
Market Performance
On September 18, Nvidia (Nasdaq: NVDA) shares rose 1.34% to close at $222.27 per share, giving the company a total market capitalization of $5.36 trillion.
Jensen Huang on AI Safety
In recent remarks, Jensen Huang has continued to speak out on AI safety issues. In a latest interview released by CBS News, Huang dismissed predictions that AI would lead to catastrophe, stating that such claims are fueling unnecessary panic. He said the likelihood of AI causing the end of the world by 2030 is "0%."
(Source: The Paper)
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Nvidia Discloses Stock Changes by Five Executives; CFO Cashes Out $7.65 Million