Jensen Huang sells $40 million of Nvidia shares under this trading plan he adopted in March: What is it

Nvidia CEO Jensen Huang sold 201,404 company shares this week, totaling $40.9 million, under a prearranged 10b5-1 trading plan adopted in March. The transactions occurred as Nvidia’s stock neared its 52-week high, despite an 86% revenue growth over the past year. Following the sales, Huang still holds 72,998,225 shares, in addition to significant stakes through trusts and partnerships.