Capital & Compute

Can Jensen Huang Sell His Nvidia Shares Now?

Yes, with limits. Jensen Huang resigned as Nvidia CEO on November 11 2026, and insider-trading law and Rule 144 still shape how he can sell his stake.

· Updated November 13, 2026· ai· economics· governance· nvidia· By Capital & Compute
The steel canopy over the entrance to Nvidia's Santa Clara headquarters campus on San Tomas Expressway.
Photo: 2788-2888 San Tomas Expwy by Coolcaesar, CC BY-SA 4.0, via Wikimedia Commons. Cropped.

Yes, but not freely yet. Jensen Huang resigned as Nvidia’s president, chief executive and director on November 11 2026, and he keeps every share he owns. Until Nvidia publishes its third-quarter results on November 17, insider-trading law is the real constraint, and for 90 days after he left, SEC Rule 144 makes any sale public through a Form 144 notice.

Nothing in Nvidia’s filings forces him to sell, and nothing stops him for long. The interesting questions are when he could sell without legal risk, how anyone would know, and what happens to the stock he had not yet earned.

What did Nvidia say about Jensen Huang’s resignation?

Very little beyond the facts of the handover. Nvidia’s Form 8-K filed November 12 2026 says that on November 11 the board “accepted the resignation of Jen-Hsun Huang, as NVIDIA’s President, Chief Executive Officer and member of the Board, effective immediately,” and appointed CFO Colette Kress, 59, interim CEO “while the Board conducts a search for a new Chief Executive Officer.” Kress keeps the CFO job at the same time. Harvey C. Jones, 73, a director since 1993, became chair.

The press release, “NVIDIA Announces CEO Transition”, adds that the search “will consider internal and external candidates” and that Jones is the board’s “first-ever” chair. It quotes Jones and Kress, not Huang, and gives no reason for his departure. Item 5.02 of the 8-K describes no separation agreement, consulting arrangement or payment, which fits the 2026 proxy statement’s line that Nvidia has no “employment, severance, or change-in-control agreements with our executive officers.”

The market read it in the first minutes of trading. At 9:47 a.m. ET on November 12, Nvidia traded at $160.72, down 7.5% from the November 11 close of $173.73, while the iShares Semiconductor ETF was down about 1.2%, per Yahoo Finance quotes. For how the board’s options worked before he resigned, and how much of the earlier share price fall belonged to Huang rather than the chip sector, see Can Nvidia’s Board Fire Jensen Huang?.

Was Jensen Huang fired or did he resign?

On paper he resigned: the 8-K says the board “accepted the resignation.” In practice it came hours after The Wall Street Journal reported that the board was preparing to oust him and was meeting to decide his future, as summarized by CNBC on November 11. The distinction matters less than it would at most companies. With no severance agreement and no change-in-control terms, a resignation and a removal leave him in the same financial position, apart from whatever the board may decide about unvested awards.

The allegations kept coming after he left. On November 12, hours after the resignation, Reuters reported that Huang also had an intimate relationship with another Nvidia employee, separate from Kimberly Powell, citing two people familiar with the matter, as relayed by Gizmodo. Reuters did not name her or give her role, and she could not be reached for comment. That makes three reported relationships: Alice Huang, the Megaspeed executive US officials reportedly suspect of spying for China; Powell; and the unnamed employee. Huang’s only acknowledgment is his November 8 email to staff, which admits being unfaithful without naming anyone. None of the three reports changes the share question below: he left with no severance agreement either way.

Who is Kimberly Powell?

Kimberly Powell is Nvidia’s vice president of healthcare. Her Nvidia author biography says she runs “the company’s worldwide healthcare business,” covering accelerated computing, AI and visualization platforms for medical imaging, life sciences, drug discovery and healthcare analytics. She joined Nvidia in 2008 to establish its GPUs in medical imaging instruments, and previously led its higher education and research business and the NVIDIA Inception startup program.

Her name entered this story on November 11, when The New York Times reported that Huang had an extramarital relationship with her, and that she was one of the executives who reported directly to him, as summarized by CNBC. Neither Powell, Huang nor Nvidia has confirmed the report, and Powell did not respond to requests for comment. Nvidia’s 8-K and press release do not mention her. On November 12 she withdrew from a scheduled speaking appearance at a health summit in Washington without giving a reason, according to reports by CBS8 and Benzinga citing CNN. Nvidia has announced no change to her role.

The report matters to the governance story because she reported to him. Nvidia’s Code of Conduct lists “personal relationships” among situations that may create a conflict of interest, a point covered in more detail in Can Nvidia’s Board Fire Jensen Huang?.

How many Nvidia shares does Jensen Huang own?

About 811.5 million shares under his control, plus 58.7 million in the family foundation. The breakdown below comes from his Form 4 filed September 18 2026, the last he filed before resigning, and from footnote 1 of the ownership table in the 2026 proxy, which is the source of the widely quoted 870.6 million (3.58%) figure.

Holder Shares Source
Held directly 70,100,666 Form 4, Sept 18 2026
Jen-Hsun & Lori Huang Living Trust 467,693,547 Form 4, Sept 18 2026
Huang Irrevocable Remainder Trust 109,040,602 Form 4, Sept 18 2026
Huang 2012 Irrevocable Trust 31,421,011 Form 4, Sept 18 2026
Six TARG LLCs owned by the Living Trust 133,265,334 Form 4, Sept 18 2026
Subtotal reported on Form 4 811,521,160
Jen-Hsun & Lori Huang Foundation 58,683,830 2026 proxy (March 23 2026)

At the 9:47 a.m. price of $160.72, the 811.5 million shares on his Form 4 are worth about $130 billion. Every share he has moved in 2026 went somewhere other than the market. His four Form 4 filings this year show shares withheld to cover taxes on vesting stock, internal transfers between family trusts, and charitable gifts: 400,000 shares on June 16 and 438,000 on September 17, split between the Huang Foundation and a donor-advised fund. None reports an open-market sale.

Can Jensen Huang sell his Nvidia shares now?

Legally he can place a sale order, but three things shape when and how.

Insider-trading law. The federal ban on trading while in possession of material non-public information follows the person, not the job title. Huang ran Nvidia through the third quarter of fiscal 2027, which ended October 25 2026, and the results are not public until November 17. Nvidia’s own insider trading policy, filed as an exhibit to its 10-K, lists “financial results” and “key personnel changes” as examples of material information. Selling before the results are out would invite exactly the scrutiny a departing CEO wants to avoid.

Nvidia’s trading window. The same policy closes trading for “Designated Individuals” from five weeks before quarter end until “the 2nd trading day after the quarter’s earnings results are announced,” which on this calendar is November 19. The policy is written for “NVIDIA employees, board members, contractors and consultants.” Huang is now none of those, and the published policy does not address former insiders, so whether Nvidia still treats him as covered is a question for the company, which has not said.

Rule 144 for 90 days. SEC Rule 144 applies its conditions to anyone selling “for the account of a person who was an affiliate at any time during the 90 days immediately before the sale.” Counting from November 11, that window runs to about February 9 2027. While it lasts, any sale of more than 5,000 shares or $50,000 in three months needs a Form 144 notice filed with the SEC, and sales are capped at the greater of 1% of shares outstanding or the average weekly trading volume over the four preceding calendar weeks. One percent of the 24.31 billion shares the proxy counts is about 243 million. Average weekly volume over the four weeks to November 11 was about 822 million shares, by this site’s calculation from Yahoo Finance daily volumes, swollen by the scandal. So the cap could, on recent volume, cover roughly his entire Form 4 position in a single three-month period. The practical constraint is disclosure, not size.

He has no sale plan on record either. Nvidia discloses directors’ and officers’ Rule 10b5-1 plans each quarter, and the fiscal 2026 10-K and the 10-Qs for the first and second quarters of fiscal 2027 list plans for Kress, Teter, Coxe, Dabiri and Shah, none for Huang. His last Form 144 notices on EDGAR date from October 2025, at the end of his previous plan.

  1. November 11 2026

    Board accepts Huang’s resignation

    Effective immediately, per the 8-K. The 90-day Rule 144 affiliate lookback starts here.

  2. November 17 2026

    Nvidia reports third-quarter fiscal 2027 results

    Results around 1:20 p.m. PT and a call at 2 p.m. PT, as previously scheduled. After this, the quarter’s numbers stop being non-public.

  3. November 19 2026

    Nvidia’s quarterly trading window reopens

    The second trading day after earnings, under the insider trading policy. Whether the policy still applies to Huang is not public.

  4. About February 9 2027

    Rule 144 affiliate lookback ends

    Ninety days after he stopped being an officer and director. After this, Form 144 notices and volume caps no longer apply to his sales, assuming he is not otherwise an affiliate.

What happens to Jensen Huang’s unvested Nvidia stock?

Nvidia has not said. The 2026 proxy put his unvested RSUs and PSUs at 1,411,679 shares as of January 25 2026, valued at $264.9 million at that day’s price (counting performance shares at their base level). Some of those have vested since: his 2026 Form 4s record vesting tranches in March, June and September. The proxy describes acceleration only for a change in control, and the 8-K discloses no arrangement for a resignation. Unless the board makes an exception and discloses it, the awards that had not vested by November 11 would be expected to lapse, though that is an inference from the filings, not a statement by Nvidia.

Even at the January count, the unvested awards are a rounding error next to the stake itself: about $227 million at $160.72, against about $130 billion in shares he already owns.

Would a sale by Huang move Nvidia’s stock?

It depends on pace, which no one outside his advisers knows. For scale, his 811.5 million Form 4 shares are about 3.3% of the shares outstanding and roughly one week of trading at the inflated volumes of late October and early November. A slow, scheduled sale, like the 10b5-1 sales behind his 2025 Form 144 notices, would be absorbed in normal volume. A block sale would not.

He also has reasons not to sell quickly. Each Form 144 is public, the stock is down sharply, and a founder selling into a fall in the middle of a CEO search would be read as a vote of no confidence in his own company.

How will you know if Jensen Huang sells?

Watch EDGAR. A Form 144 notice would be filed under Nvidia’s company page, with Huang as the seller; his own filer page is CIK 1197649. Because he holds less than 5% of the company, he files no Schedule 13D or 13G, so Form 144 is the earliest public sign during the 90-day window. Nvidia’s 10-Q for the third quarter, due after the November 17 results, will also list any 10b5-1 plan changes by officers and directors during the quarter, which covers the period before he left.

Frequently asked questions

Did Jensen Huang resign from Nvidia?
Yes. Nvidia’s Form 8-K says the board accepted his resignation as president, chief executive officer and director on November 11 2026, effective immediately. CFO Colette Kress is interim CEO and Harvey C. Jones is chair.
Does Jensen Huang still own Nvidia stock?
Yes. His last Form 4, filed September 18 2026, shows 811.5 million shares held directly and through family trusts and LLCs. Nvidia’s 2026 proxy counts 870.6 million (3.58%) once 58.7 million Huang Foundation shares are added.
Did Jensen Huang get a severance package?
None has been disclosed. Nvidia’s 2026 proxy says it has no employment, severance or change-in-control agreements with its executive officers, and the November 12 8-K describes no separation payment.
When can Jensen Huang sell his Nvidia shares?
He can place orders now, but selling before Nvidia’s November 17 2026 results would carry insider-trading risk. Until about February 9 2027, Rule 144 requires a public Form 144 notice for any sale above 5,000 shares or $50,000 in three months.
Did Jensen Huang have a third affair?
Reuters reported on November 12 2026, citing two people familiar with the matter, that Huang had an intimate relationship with another Nvidia employee, separate from Kimberly Powell. Reuters did not name her. Huang has acknowledged only one affair, without naming anyone, and has not confirmed the other reports.
Who is Kimberly Powell?
Kimberly Powell is Nvidia’s vice president of healthcare, at the company since 2008. The New York Times reported on November 11 2026 that Jensen Huang had a relationship with her while she reported to him. Neither Powell, Huang nor Nvidia has confirmed the report, and Nvidia has announced no change to her role.
Who is running Nvidia now?
Colette Kress, Nvidia’s CFO since 2013, is interim CEO and remains CFO. The board is searching for a permanent CEO and will consider internal and external candidates.

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