Form 4: Nvidia CEO Jen-Hsun Huang Reports Share Transfers and Tax Withholding

Nvidia CEO Jen-Hsun Huang reported the transfer of shares to a family trust and the withholding of shares for tax obligations.

Summary

• Jen-Hsun Huang, CEO of Nvidia, reported several transactions involving Nvidia common stock.
• On March 19, 2024, 1,200 shares each were transferred from two annuity trusts to the Jen-Hsun & Lori Huang Living Trust for no consideration.
• Also on March 19, 2024, 2,400 shares were transferred to the Jen-Hsun & Lori Huang Living Trust.
• On March 20, 2024, 74,895 shares were withheld by Nvidia to cover taxes related to vesting restricted stock units at a price of $903.72 per share.
• Following these transactions, Huang directly owns 8,147,883 shares and indirectly owns a total of 12,184,756 shares through various trusts and partnerships.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The transactions reported are typical for executives managing their personal finances and tax obligations related to equity compensation.
• Similar filings are made by executives at other large tech companies such as Apple, Microsoft, and Google.

Related Party Transactions

• The transfer of shares to the Jen-Hsun & Lori Huang Living Trust is a related party transaction.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to internal transfers and tax obligations of the CEO.

Key Dates

Keywords

Nvidia, Jen-Hsun Huang, stock transactions, share transfer, tax withholding, beneficial ownership, trust, restricted stock units