Insiders at semiconductor giant Nvidia (NASDAQ: NVDA) are increasingly offloading their shares, a trend that could raise eyebrows among investors.
In the most recent transaction, Robert Burgess, who has served on Nvidia’s Board of Directors since 2011, sold $6.74 million worth of NVDA stock.
The sale, which took place on June 3, involved 10,000 shares at an average price of $674.96 each.
This move adds to a growing list of insider sales at the company. As reported by Finbold, Director Mark Stevens filed to sell approximately 4 million shares of Nvidia Class A stock, an amount worth around $550 million, through Merrill Lynch.
Meanwhile, CEO Jensen Huang has also joined the selling spree. On June 2, Huang activated a Rule 10b5-1 trading plan to sell 6 million shares, a stake potentially valued at $809 million based on that day’s closing price.
The plan will remain in effect through the end of 2025 and mirrors a previous arrangement that netted $713 million between June and September 2023.
Notably, all these trades fall under Rule 10b5-1 plans, which allow insiders to sell shares based on a predetermined schedule. These plans are designed to reduce concerns around trading on material nonpublic information.
NVDA stock price analysis
Insider selling continues as Nvidia’s stock sustains a bullish moment. The stock ended the last trading session at $141, up over 2% on the day.
Nvidia’s recent momentum has propelled it to become the world’s most valuable company, edging out Microsoft. Currently, the AI powerhouse boasts a market cap of $3.45 trillion.
This surge builds on the company’s stellar Q1 2025 earnings results, where Nvidia reported earnings per share of $0.96 on $44.06 billion in revenue, representing an impressive 69% growth from last year.
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