Form 4: NVIDIA Director Mark Stevens Transfers Shares to Trusts in Form 4 Filing

NVIDIA director Mark Stevens transferred 385,000 common shares to a trust as a gift, according to a recent SEC Form 4 filing.

Summary

• Mark Stevens, a director at NVIDIA, filed a Form 4 with the SEC detailing changes in his beneficial ownership of NVIDIA stock.
• The filing indicates that Mr. Stevens gifted 385,000 shares of common stock to a trust without consideration.
• Following the transaction, Mr. Stevens directly owns 11,541,602 shares and indirectly owns 10,275,333 shares through the 3rd Millennium Trust and 16,070,550 shares through the Envy Trust.
• The filing also notes that 1,181,400 shares were transferred from the Envy Trust to the 3rd Millennium Trust to satisfy annuity payments.
• Additionally, 1,379,016 shares were transferred from Mr. Stevens to the 3rd Millennium Trust without consideration.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock transfer, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider and is a standard practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for company insiders at all publicly traded companies in the US.
• The transactions described are typical for executives managing their personal holdings and estate planning.
• Similar filings are made by directors and officers at companies like AMD, Intel, and other tech firms.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares between the director and his trusts, not a sale on the open market.

Key Dates

Keywords

NVIDIA, Form 4, SEC Filing, Beneficial Ownership, Stock Transfer, Mark Stevens, Trusts, Share Ownership