Form 4: NVIDIA Principal Accounting Officer Donald F. Robertson Jr. Executes Stock Sales Under 10b5-1 Plan
SEC Form 4 Filing
NVIDIA's Principal Accounting Officer, Donald F. Robertson Jr., sold a total of 4,500 shares of common stock between December 11th and December 13th, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Donald F. Robertson Jr., Principal Accounting Officer at NVIDIA, engaged in multiple transactions involving NVIDIA common stock.
- On December 11, 2024, 7,010 shares were withheld by the issuer to cover taxes related to vesting restricted stock units.
- Between December 13, 2024, Mr. Robertson sold a total of 4,500 shares of NVIDIA common stock.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 6, 2023.
- The sales occurred at various weighted average prices, ranging from $133.345 to $138.782 per share.
- Following these transactions, Mr. Robertson directly owns 480,899 shares of NVIDIA common stock.
Sentiment
Score: 5
Explanation: The document reflects routine insider trading activity under a pre-arranged plan, which is neither positive nor negative in itself. The sentiment is neutral.
Risks
- Insider selling, even under a pre-arranged plan, can sometimes be perceived negatively by the market, potentially impacting the stock price.
Industry Context
Insider trading activity is a common occurrence in publicly traded companies, and these transactions are closely monitored by regulators and investors. The use of 10b5-1 plans is a legal way for insiders to sell shares while avoiding accusations of trading on non-public information.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies, including technology firms like NVIDIA.
- Similar filings are regularly made by executives at companies like AMD, Intel, and Qualcomm, reflecting routine stock transactions under pre-arranged plans.
- The volume of shares sold by Mr. Robertson is relatively small compared to the total outstanding shares of NVIDIA, which is typical for such transactions.
Stakeholder Impact
- The stock sales by an executive may have a minor impact on investor sentiment, but the pre-arranged nature of the sales mitigates any significant negative perception.
Key Dates
| Date | Description |
|---|---|
| 2023-10-06 | Date the 10b5-1 trading plan was adopted by the reporting person. |
| 2024-12-11 | Date shares were withheld by the issuer to satisfy taxes due by the reporting person. |
| 2024-12-13 | Date of multiple sales of common stock by the reporting person. |
Keywords
NVIDIA, insider trading, Form 4, stock sales, 10b5-1 plan, Donald F. Robertson Jr., equity securities
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