Board members at Nvidia—the AI company that no one can stop talking about at the forefront of tech evolution—are reaping the benefits of a surge in the company’s stock. Shares of the company traded at $887 today, up 26.5% this month alone.
Four insiders sold holdings in multiple transactions over the past four weeks, SEC filings show. He joins a growing list of executives who have unloaded billions in the company’s stock in recent months. JPMorgan Chase CEO Jamie Dimon made his first stock sale last month for $150 million, while Amazon founder Jeff Bezos sold $8.5 billion in Amazon stock. MetaPlatforms founder Mark Zuckerberg sold $1.2 billion and private equity founder Leon Black made his first sale of $172.8 million.
On the Nvidia board, Tench Coxe, a former managing director at venture capital investment firm Sutter Hill Ventures, sold $170 million in company stock in a total of three transactions. As a director, Coxe earns $255,000 worth of restricted stock and $85,000 in cash annually. Coxe has been an Nvidia board member since 1993.
Similarly, board member Mark Stevens offloaded 12,000 shares of the stock worth $10.2 million this week after offloading 15,000 shares last month, worth about $12 million. Stevens is a managing partner at private family office investment firm S-Cubed Capital and was previously a partner at VC investment firm Sequoia Capital. Stevens was a director from 1993 to 2006 and rejoined the board in 2008. Stevens previously sold 36,000 shares in January when the stock was worth about $19.7 million at about $546.
Another board member, Mark Perry, sold 15,000 shares for about $11.9 million on Feb. 23, just two days after the company reported earnings on Feb. 21. Perry has been a director for nearly a decade and is a consultant to nonprofit and former CEOs. At the biopharmaceutical company AeroVance.
Harvey Jones, a longtime director who joined the board in 2003, sold a portion of his stake in the company for about $53 million. Jones is the managing partner of Square Wave Ventures.
Despite their sale, Coxe, Jones, Stevens and Perry still hold significant stakes in the AI chip developer. Cox owns about 4.1 million shares, Jones about a million shares, Perry about 152,000 and Stevens about 4.4 million shares. CEO Jensen Huang owns about 86 million shares in the company, a 3.5 percent stake.
Meanwhile, Amazon CEO Andrew Jessee sold 50,000 shares in Amazon this week for about $9 million. It was sold as part of a pre-planned business plan.
This story was originally published on Fortune.com.