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

Nvidia director Mark Stevens sold a total of 54,148 shares of common stock across multiple transactions on January 10th and 11th, 2024.

Summary

• Mark Stevens, a director at Nvidia, sold a total of 54,148 shares of Nvidia common stock in multiple transactions.
• The sales occurred on January 10th and 11th, 2024.
• On January 10th, 18,000 shares were sold at a weighted average price of $541.5919, with prices ranging from $541.50 to $542.13.
• Also on January 10th, 3,800 shares were sold at $542.5, 5,000 shares at $543.5, and 8,848 shares at $545.5.
• On January 11th, 18,500 shares were sold at a weighted average price of $549.8795, with prices ranging from $549.75 to $550.45.
• Following these transactions, Stevens beneficially owns 1,170,583 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 regulatory filing detailing insider stock sales, which is neither positive nor negative in itself. The sentiment is neutral.

Risks

• Large sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in the stock market, and these transactions are a normal part of corporate governance and reporting requirements.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, including those in the technology sector like Nvidia.
• The volume of shares sold by Mark Stevens is not unusual for a director of a large company, and the transactions are within the normal range of insider activity.
• Other technology companies such as AMD, Intel, and Qualcomm also have similar insider trading activity reported through Form 4 filings.

Stakeholder Impact

• The stock sales by a director could potentially cause a minor negative reaction from shareholders, but the overall impact is likely to be minimal.

Key Dates

Keywords

Nvidia, insider trading, stock sale, Mark Stevens, director, Form 4, share transaction