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Jensen Huang to Forfeit $108 Million in Unvested Nvidia Shares After Exit: Report
Nvidia co-founder Jensen Huang resigned on Thursday, forfeiting $108 million in unvested equity compensation under company policy requiring executives to surrender unvested awards upon departure.
The 63-year-old co-founder stepped down following the revelation of two extramarital affairs, ending his tenure at the technology firm after decades of leadership.
Huang controls a 3.5% voting stake in the Santa Clara, California-based firm, with this holding comprising nearly 97% of his $138.4 billion fortune, according to the Bloomberg Billionaires Index.
Nvidia shares in New York fell 4.3% following the resignation announcement, erasing more than $6 billion from Huang's net worth in immediate market reaction.
The forfeited awards represent roughly 0.08% of his total wealth, comprising 346,000 unvested RSUs that required continuous service to vest under Nvidia's equity incentive plan.