Form 4: Nvidia Director Mark Stevens Sells Shares in Multiple Transactions

Nvidia director Mark Stevens sold 12,000 shares of common stock in two separate transactions on March 4, 2024, at weighted average prices of $852.0608 and $855.0229.

Summary

• Mark Stevens, a director at Nvidia, sold 6,000 shares of Nvidia common stock at a weighted average price of $852.0608 on March 4, 2024.
• He also sold another 6,000 shares of Nvidia common stock on the same day at a weighted average price of $855.0229.
• The shares were sold at prices ranging from $852 to $852.16 for the first transaction and $855 to $855.21 for the second transaction.
• Following these transactions, Stevens beneficially owns 1,113,583 shares indirectly through The 3rd Millennium Trust, 1,725,195 shares indirectly through the Envy Trust, and 1,291,853 shares directly.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a director, which is neither positive nor negative in itself. It's a neutral event.

Industry Context

This is a routine filing related to insider trading activity. It is common for directors and officers to buy and sell shares of their company, and these transactions are required to be disclosed to the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are within the normal range of insider trading activity, and the number of shares sold is not unusual for a director of a company like Nvidia.
• Other directors and officers of similar companies like AMD, Intel, and Qualcomm also regularly file Form 4s for their transactions.

Stakeholder Impact

• The stock sales by a director may have a minor impact on investor sentiment, but it is unlikely to have a significant effect on the company's operations or financial performance.

Key Dates

Keywords

Nvidia, Mark Stevens, stock sale, insider trading, director, NVDA, share transaction, beneficial ownership