Senior figures at Nvidia Corp (NASDAQ:NVDA, ETR:NVD)have sold more than $1 billion in company stock over the past year, according to a Financial Times report citing data from VerityData.
Around $500 million of those sales came in the past month as Nvidia’s share price surged past $150 and set fresh records.
The company’s chief executive Jensen Huang has offloaded about $15 million in recent weeks, part of a broader plan to sell up to 6 million shares by year-end.
Nvidia stock has risen 44% in three months and over 17% this year, despite concerns over export restrictions on artificial intelligence chips.
The company recently overtook Microsoft and Apple to become the most valuable listed firm.