Form 4: NVIDIA Director Sells 350,000 Shares in Pre-Planned Trade

NVIDIA Director Mark A. Stevens sold 350,000 shares of common stock for approximately $61.7 million on September 19, 2025, under a Rule 10b5-1 plan.

Summary

• Mark A. Stevens, a Director of NVIDIA Corporation (NVDA), reported the sale of common stock.
• The transaction involved the disposition of 350,000 shares of NVIDIA common stock.
• The sale occurred on September 19, 2025.
• The shares were sold at a weighted average price of $176.3923 per share, with individual sales prices ranging from $176.000 to $176.620.
• The total value of the shares sold is approximately $61,737,305.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Mark A. Stevens directly holds 11,543,401 shares of common stock.
• He also indirectly holds 7,399,803 shares through the Third Millennium Trust, of which he and his wife are co-trustees.
• Additionally, he indirectly holds 16,070,550 shares through the Envy Trust u/a/d December 7, 2021, of which he is trustee.

Sentiment

Score: 5

Explanation: The reported insider stock sale by Director Mark A. Stevens was executed pursuant to a Rule 10b5-1 plan, indicating a pre-scheduled transaction for diversification or liquidity rather than a reaction to new material non-public information. This context generally renders the transaction a neutral event from a sentiment perspective.

Positives

• The sale was executed under a Rule 10b5-1(c) plan, indicating it was a pre-scheduled transaction rather than a reaction to immediate, non-public information, which can mitigate negative market interpretations.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market as it reduces the insider's direct stake in the company, potentially leading to minor negative sentiment.

Stakeholder Impact

• Shareholders: May interpret the sale as a signal, though often routine for diversification, potentially leading to minor shifts in market sentiment or short-term share price movements.

Key Dates

Recommendation

The reported insider sale by Director Mark A. Stevens, while significant in volume, appears to be a pre-planned transaction under a Rule 10b5-1 plan, often used for diversification or liquidity management. Such routine sales do not typically indicate a fundamental shift in company outlook or warrant a change in investment thesis. Investors should monitor for broader insider activity trends rather than reacting to a single, pre-scheduled transaction.

Keywords

NVIDIA, NVDA, Mark A. Stevens, insider trading, Form 4, stock sale, director, common stock, equity, 10b5-1 plan