Form 4: NVIDIA Director John Dabiri Sells 198 Shares Under 10b5-1 Trading Plan

NVIDIA director John Dabiri sold 198 shares of common stock at $1,043.95 per share on May 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• John Dabiri, a director at NVIDIA, sold 198 shares of common stock on May 24, 2024.
• The sale was executed at a price of $1,043.95 per share.
• This transaction was conducted under a pre-established Rule 10b5-1 trading plan.
• The trading plan was adopted on December 18, 2023.
• Following the transaction, Mr. Dabiri directly owns 1,857 shares of NVIDIA stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any recent material non-public information.

Comparison to Industry Standards

• Sales by directors under 10b5-1 plans are a common practice across publicly traded companies, including technology firms like Apple, Microsoft, and AMD.
• The volume of shares sold by Mr. Dabiri is relatively small compared to the overall trading volume of NVIDIA stock.
• The price of $1,043.95 per share is consistent with the market price of NVIDIA stock at the time of the transaction.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small volume of shares sold and the pre-planned nature of the transaction.

Key Dates

Keywords

NVIDIA, insider trading, Form 4, stock sale, John Dabiri, 10b5-1 plan, director