Nvidia (NASDAQ: NVDA) stock has been experiencing heightened volatility in 2025 with the trend since January 2 – the first full market session of the year – being generally downward.
Though turbulence has been present for months, the most recent trading days have been especially damaging as they have ended NVDA shares’ brief recovery and once again threatened to send the equity below $100.
Nvidia insiders have seemingly not missed the sentiment, as they have been selling tens of millions worth of the stock since 2025 started. Finbold’s insider radar detected especially intense activity in March, as insiders offloaded nearly $20 million worth of NVDA equity since the month started.
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This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Furthermore, March 12 saw what appears like an especially belated filing, with Director Persis Drell announcing she raised $7.6 million by selling 99,000 Nvidia shares in 2023 and 2024. The filing was amended only days later, but the overall picture did not change significantly.
The activity in the third month of 2025 is also stark, as the only other filing in the year was made in January.
These insiders have been offloading NVDA shares in March
Looking at the individual documents, Colette Kress, the semiconductor giant’s executive vice president (EVP) and chief financial officer (CFO), executed the biggest trade, offloading 66,660 shares at an average price of $116.83 and raising just under $7.8 million. The insider sale was made on March 21 and reported on the same day.
Director Robert Burgess made the second biggest trade of the month on March 13 and filed it four days later. Burgess sold 53,324 NVDA shares at an average price of $115.49 and made $6.16 million in total.
On March 20, Director Aarti Shah raised $2.37 million by selling 20,000 Nvidia shares at $118.42.
The final two insider trades recorded in the month were comparatively small: $525,585 – a transaction executed by Principal Accounting Officer Donald Robertson – and $292,930 – raised on March 10 by Director John Dabiri.
Receive Signals on SEC-verified Insider Stock Trades
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Should investors worry about Nvidia insider trading?
While it is uncertain if the spike in insider selling should concern investors, it is difficult to miss that all their 2025 trades were executed above Nvidia stock’s press time price of $111.98.
Furthermore, traders have multiple reasons to worry about their NVDA stakes. Despite being known for seldom going in any direction other than upward until recently, the semiconductor giant’s equity is 16.61% down year-to-date (YTD).
The downside has, so far, been driven by a deluge of headwinds, which range from regulatory concerns to heightened competition that emerged primarily from China to certain internal production issues, broader recessionary fears, and the latest warning that the data center boom may have already become a bubble.
Featured image via Shutterstock
