Nvidia CEO Sells Another $30.6M in Shares as Part of Option Plan.

Nvidia $NVIDIA (NVDA.US)$ CEO Jensen Huang sold another small block of his shares this week for $30.6M, according to an SEC filing.

The shares, sold on July 15 and 16, ranged in value from $126.34 to $130.34. Huang still owns approximately 78.7M shares of Nvidia stock.

"The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2024," according to the filing.

This follows Huang selling $30.7M of shares from July 5 through July 8 and $169M during the last week of June.

Nvidia closed 6.6% lower on Wednesday to $117.99. It was part of a collective slump across the semiconductor sector after it was reported the U.S. government may impose further export curb controls on the industry and former President Trump questioned whether the U.S. should pay for Taiwan's defense.

Nvidia's market cap is now back below $3T at $2.9T, leaving only Microsoft $Microsoft (MSFT.US)$ and Apple $Apple (AAPL.US)$ as the sole companies with market caps above $3T.