Director Mark Stevens Files Intent to Sell $347.9 Million in NVIDIA Stock
NVDA sits 48% above its 52-week low of $142.03.
Summary
NVIDIA Director Mark Stevens has filed to sell $347.9 million in shares, adding to over $280 million in sales by his trusts in the last three months.
Key Events · Ownership and Investor Activity · NVDA
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Proposed Sale by Director
Mark Stevens, a Director, intends to sell 1,700,000 shares of Class A common stock, valued at approximately $347.9 million.
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Ongoing Selling Activity
This proposed sale follows the disposition of 1,326,682 shares, generating $280.5 million in gross proceeds, by trusts associated with Mr. Stevens in the past three months.
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Significant Insider Distribution
The combined proposed and recent sales by this director represent a substantial distribution of shares, contributing to a broader pattern of insider selling observed over the last 90 days.
Analysis · NVDA · Manufacturing
Director Mark Stevens, through associated trusts, has filed a Form 144 indicating an intent to sell approximately $347.9 million worth of NVIDIA shares. This follows previous sales totaling over $280 million in the past three months by the same trusts, signaling a continued significant reduction in his holdings.
At the time of this filing, NVDA was trading at $210.01 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.1T. The 52-week trading range was $142.03 to $236.54. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.