Form 4: NVIDIA EVP Shoquist Sells Shares Under 10b5-1 Plan

NVIDIA's EVP of Operations, Debora Shoquist, reported the sale of over 223,000 shares of common stock and tax-related transactions, all executed under a pre-arranged 10b5-1 trading plan.

Summary

• Debora Shoquist, EVP of Operations at NVIDIA Corporation, reported multiple transactions involving NVIDIA common stock.
• On December 10, 2025, 36,332 shares were withheld by NVIDIA at a price of $184.97 to satisfy tax obligations related to restricted stock unit vesting.
• This transaction also included the issuance of 32,371 shares upon the vesting of restricted stock units.
• Between December 10 and December 12, 2025, Shoquist sold a total of 223,841 shares of common stock through multiple transactions.
• These sales were executed at weighted average prices ranging from $175.1401 to $185.1605 per share.
• All reported sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on September 9, 2025.
• Following these transactions, Shoquist directly owns 476,312 shares and indirectly owns 1,424,603 shares through the Debora C. Shoquist Revocable Living Trust, totaling 1,900,915 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While there are significant sales, they are conducted under a pre-arranged 10b5-1 plan, which mitigates any negative interpretation regarding insider sentiment about the company's future prospects. It's a routine portfolio management activity.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a systematic approach to managing personal holdings rather than a reaction to new, non-public information.
• The reporting person continues to hold a significant number of shares (1,900,915 shares) in NVIDIA, demonstrating continued alignment with shareholder interests.

Negatives

• The sales represent a reduction in the reporting person's overall beneficial ownership of NVIDIA common stock.

Industry Context

This Form 4 filing details routine insider stock transactions for a senior executive at NVIDIA, a leading company in the semiconductor and AI industry. Such pre-planned sales are common for executives managing their personal portfolios and do not typically reflect specific company performance or broader industry trends.

Stakeholder Impact

• Minimal direct impact on shareholders, as these are routine, pre-planned insider sales and do not signal a change in company fundamentals or strategy.
• No direct impact on employees, customers, suppliers, or creditors mentioned in this filing.

Key Dates

Keywords

NVIDIA, NVDA, SEC Form 4, Insider Trading, Stock Sale, Debora Shoquist, 10b5-1 Plan, Executive Compensation, Common Stock