Form 4: NVIDIA Executive Timothy S. Teter Reports Stock Transactions

NVIDIA's EVP, General Counsel and Secretary, Timothy S. Teter, reported the acquisition and disposal of company stock to cover tax obligations related to vesting restricted stock units.

Summary

• Timothy S. Teter, an executive at NVIDIA, filed a Form 4 disclosing changes in his beneficial ownership of NVIDIA stock.
• On March 20, 2024, 16,572 shares of common stock were disposed of to cover tax obligations related to vesting restricted stock units.
• The price per share for the disposed stock was $903.72.
• Following the transaction, Teter directly owns 102,886 shares of NVIDIA common stock.
• Teter also indirectly owns 216,767 shares through The Horne Teter Family Living Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an executive stock transaction, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting stock options or restricted stock units.
• Other technology companies such as Apple, Microsoft, and Google also have similar filings from their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

NVIDIA, stock transaction, Form 4, insider trading, executive, beneficial ownership, restricted stock units, tax obligations