Nvidia (NASDAQ: NVDA) is facing renewed scrutiny after major insider sales from three of its most prominent figures. Mark Stevens, a longtime board member and the second-largest individual shareholder, has sold approximately $88.4 million in Nvidia shares, bringing his total sales to a staggering $288.5 million over the past three weeks.
In parallel, CEO Jensen Huang also offloaded a significant $20.2 million worth of stock between June 18 and June 23, according to recent SEC Form 4 filings flagged by Finbold’s insider trading signals.
These disposals were executed under pre-arranged Rule 10b5-1 trading plans but still raise eyebrows given the timing, as Nvidia hovers near record highs following its explosive AI-fueled rally in 2025.
Finally, EVP and CFO Colette Kress disclosed a $2 million stock sale executed on June 20, with the transaction officially reported on June 23. While smaller in scale, the CFO’s sale adds to the growing narrative of top-level insiders capitalizing on Nvidia’s historic rally.
What this means for NVDA stock investors
While insider selling does not always imply a lack of confidence, the sheer volume and timing of these transactions, combined with Nvidia’s mid 2025 run-up hint at strategic profit-taking. Stevens alone sold over 608,000 shares at an average price of $145.26, while Huang’s multiple trades ranged from $142.80 to $145.86 per share.
Following these transactions, Stevens retains indirect ownership of over 35 million shares through various trust entities, including the Envy Trust. Huang, meanwhile, maintains a direct holding exceeding 75 million shares, signaling continued alignment with long-term shareholder interests despite the sales.
With Nvidia’s valuation now above $3 trillion, investor attention will likely shift to whether these insider sales signal a local top or represent rational portfolio rebalancing, with Nvidia shares trading at $145.76, +$1,59 (1,10%) in pre-market.
