On August 8th and 9th, NVIDIA CEO Huang Renxun cashed out $24.9 million from the company's stock and sold 240000 shares.
He sold nearly $170 million and $323 million worth of company stocks in June and July, respectively, and entered August without stopping his pace of reducing holdings. As of now, Huang Renxun has cashed out about 500 million US dollars (approximately over 3.5 billion yuan) for two consecutive months.
Since entering August, Nvidia's stock price has fallen by over 14% in three trading days. Since Nvidia hit a historical high in late June, the stock price has retreated by about 28%.