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Jensen Huang and wife donate 438,000 Nvidia shares worth about $97.35 million
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According to a September 18 filing with the U.S. Securities and Exchange Commission (SEC), Nvidia CEO Jensen Huang and his wife donated a total of 438,000 company shares on September 17. The donation consisted of 292,000 shares to the Huang couple's foundation and 146,000 shares to a donor-advised fund. Based on Nvidia's closing stock price of $222.27 on September 18, the donated shares were valued at approximately $97.35 million (about 652 million yuan). Separately, a September 18 SEC filing showed that five Nvidia executives, including Huang, collectively disposed of about 160,000 shares due to restricted stock unit (RSU) vesting and tax withholding, which is considered a passive reduction rather than active selling. Huang had 45,728 shares withheld for taxes, valued at about $9.7 million. Additionally, CFO Colette Kress separately sold 34,918 shares on September 17 under a pre-arranged 10b5-1 trading plan, yielding approximately $7.65 million.
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September 18, 2024 — According to a filing with the U.S. Securities and Exchange Commission (SEC) on September 18, NVIDIA CEO Jensen Huang and his spouse's trust made a no-consideration transfer of a total of 438,000 shares of company stock on September 17. Of these, 292,000 shares were donated to the Huang夫妇 Foundation, and 146,000 shares were contributed to a donor-advised fund.
On September 18, NVIDIA's stock closed up 1.34% at $222.27 per share, giving the company a market capitalization of $5.35 trillion. Based on this closing price, the donated shares were valued at approximately $97.35 million (roughly RMB 652 million).
Executive Share Transactions for Tax Withholding
Separately, in a filing submitted to the SEC on September 18, NVIDIA disclosed that five senior executives, including CEO Jensen Huang, collectively reduced their holdings by approximately 160,000 shares on September 16, 2026. The vast majority of these transactions were related to tax withholding obligations arising from the vesting of restricted stock units (RSUs), rather than active selling.
According to the filing:
- Jensen Huang had 45,728 shares withheld, valued at approximately $9.7 million.
- Colette Kress (Chief Financial Officer) — 40,747 shares
- Timothy S. Teter (General Counsel) — 35,738 shares
- Debora Shoquist (Executive Vice President of Operations) — 35,008 shares
- Scott Gawel (Chief Accounting Officer) — 2,932 shares
All of these shares were used to satisfy tax obligations. The filing explains that when RSUs granted to executives vest, the company withholds a portion of the shares to cover the resulting taxes. Notably, such withholding-driven reductions in executive holdings are considered passive share reductions, distinct from active selling for cash.
Additional Sale by CFO Colette Kress
In addition to the above, Colette Kress separately sold 34,918 shares of company stock on September 17 at prices ranging from $217.42 to $219.865 per share. Based on the disclosed data, the sale amounted to approximately $7.65 million. The filing indicates that this sale was executed under a 10b5-1 trading plan established by Kress on June 16, 2024.
Source: National Business Daily
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中国企业报Neutral / independent
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Nvidia Discloses Stock Changes by Five Executives; CFO Cashes Out $7.65 Million