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Nvidia Corp. Chief Executive Officer Jensen Huang has started selling the chipmaker’s stock, his first transactions under a plan that allows him to offload up to $865 million worth by year’s end.
Huang disposed of 100,000 shares over a two-day period of June 20 and June 23 for $14.4 million, according to a filing Monday with the Securities and Exchange Commission. Huang’s sales are part of a new 10b5-1 plan adopted in March and disclosed last month in Nvidia’s quarterly report.
Huang is the world’s 12th richest person with a $126 billion…
