Form 4: Nvidia EVP Debora Shoquist Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Nvidia's EVP of Operations, Debora Shoquist, sold a total of 10,495 shares of common stock on June 4, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Debora Shoquist, Executive Vice President of Operations at Nvidia, sold 10,495 shares of Nvidia common stock on June 4, 2024.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 4, 2024.
- The shares were sold in multiple transactions at varying prices, ranging from $1,141.29 to $1,165.27.
- The sales were conducted through the Debora C. Shoquist Revocable Living Trust, where she serves as a trustee.
- Following these transactions, Ms. Shoquist indirectly holds 155,363 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing a pre-planned stock sale by an executive, which is neither positive nor negative for the company's overall outlook.
Industry Context
This is a routine filing related to insider trading activity, which is common for executives at publicly traded companies. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any non-public information.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies like Nvidia, including peers such as AMD, Intel, and Qualcomm.
- These plans allow insiders to sell shares without raising concerns about insider trading, as the sales are pre-scheduled and not based on material non-public information.
- Similar filings are regularly made by executives at these companies, reflecting their personal financial planning and diversification strategies.
Stakeholder Impact
- The stock sales by Debora Shoquist may have a minor impact on the stock price, but the pre-planned nature of the sales under a 10b5-1 plan mitigates any significant concerns for shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date the 10b5-1 trading plan was adopted by Debora Shoquist. |
| 06/04/2024 | Date of the stock sales by Debora Shoquist. |
| 06/05/2024 | Date the Form 4 was signed. |
Keywords
Nvidia, insider trading, stock sale, Form 4, Debora Shoquist, 10b5-1 plan, executive, share transaction
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