Form 4: NVIDIA CFO Colette Kress Reports Stock Sales and Tax Withholding

Colette Kress, NVIDIA's EVP & Chief Financial Officer, reported the sale of NVIDIA shares to cover tax obligations and executed sales under a pre-arranged trading plan.

Summary

• Colette Kress, the EVP & Chief Financial Officer of NVIDIA, filed a Form 4 detailing changes in her beneficial ownership of NVIDIA stock.
• On March 19, 2025, 103,965 shares were withheld by NVIDIA to cover taxes related to the vesting of restricted stock units at a price of $115.43.
• On March 21, 2025, Kress sold 22,950 shares at an average price of $116.2502, 39,963 shares at an average price of $117.0837, and 3,747 shares at an average price of $117.7035.
• These sales were executed under a Rule 10b5-1 trading plan adopted on March 22, 2024.
• Following these transactions, Kress directly owns 3,085,765 shares of NVIDIA common stock.
• She also indirectly owns shares through various trusts, a limited liability company, and immediate family members.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions (tax withholding and pre-planned stock sales) by a corporate insider. There's no indication of unusual or concerning activity.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, which is often viewed as a way to avoid accusations of insider trading.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and are closely watched by investors for insights into management's perspective on the company's stock. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.

Comparison to Industry Standards

• Comparing Kress's transactions to other CFOs in the semiconductor industry, similar patterns of stock sales for tax purposes and diversification are common.
• For example, CFOs at companies like AMD and Intel regularly report similar transactions.
• The size of Kress's holdings and sales is commensurate with her position and tenure at a large, publicly traded company like NVIDIA.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price, but the pre-planned nature of the sales mitigates concerns.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

NVIDIA, NVDA, Colette Kress, Form 4, Stock Sale, Insider Trading, Rule 10b5-1, Tax Withholding, Beneficial Ownership, CFO