Mark Stevens, a director at Nvidia (NASDAQ: NVDA), has sold over half a billion dollars worth of the company’s stock, marking a significant insider transaction.
On June 2, Stevens filed to sell approximately 4 million shares of Nvidia Class A stock, valued at around $550 million, according to filings with the Securities and Exchange Commission.
The shares, acquired initially through a private placement on December 6, 2006, were sold via Merrill Lynch.
While Stevens has steadily reduced his stake in the semiconductor giant in recent months, this latest sale is by far the most substantial. For context, filings from October 2024 revealed he sold 155,000 shares for $20.5 million at an average price of $132.27 each.
Increased NVDA insider trades
Meanwhile, CEO Jensen Huang also intends to resume stock selling. He recently adopted a Rule 10b5-1 trading plan to sell 6 million shares, potentially worth $809 million, based on the June 2 closing price. The plan, effective through the end of 2025, mirrors a prior plan that generated $713 million between June and September 2023.
In addition, CFO Colette Kress implemented a 10b5-1 plan on March 4 to sell 500,000 shares, valued at roughly $67.4 million, through March 2026. Her previous plan yielded $61.7 million from the same volume.
Director Brooke Seawell also adopted a similar plan on March 19, aiming to sell about 1.15 million shares, valued at $155 million, by July 2025.
All these sales fall under Rule 10b5-1 plans, which predefine price, volume, and timing to mitigate concerns over trading on nonpublic information.
These filings come as Nvidia looks to break past the $140 resistance level following a strong Q1 2025 earnings report. The stock closed at $137.38 on June 2, up 1.6% for the day.
Still, such sizable insider sales could unsettle investors, especially amid recent volatility. In some cases, heavy offloading by top executives may raise concerns about leadership’s confidence in the company’s future performance.
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