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NVIDIA (NASDAQ: NVDA) EVP Ajay Puri sells 300,000 shares via plan

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

NVIDIA EVP Ajay K. Puri reported multiple stock transactions involving company common shares. On March 18, 2026, the issuer withheld 69,529 shares at $181.93 to cover taxes due on the vesting of previously granted restricted stock units. This was a non-market, tax-withholding disposition.

On the same date, the Ajay K. Puri Revocable Trust, of which he is trustee, executed open-market sales totaling 300,000 shares at weighted average prices around $181–$183, under a pre-arranged Rule 10b5-1 trading plan. After these transactions, Puri holds 637,248 shares directly, about 3,018,547 shares indirectly through the revocable trust, and 46,360 shares are held by a 2019 irrevocable children's trust, for which he is trustee and disclaims beneficial ownership except for any pecuniary interest.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Puri Ajay K

(Last)(First)(Middle)
C/O NVIDIA CORPORATION
2788 SAN TOMAS EXPRESSWAY

(Street)
SANTA CLARA CALIFORNIA 95051

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
NVIDIA CORP [ NVDA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Worldwide Field Ops
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/18/2026F69,529(1)D$181.93637,248(2)D
Common Stock03/18/2026S(3)19,881D$181.312(4)3,298,666IBy Trust(5)
Common Stock03/18/2026S(3)270,134D$182.2978(6)3,028,532IBy Trust(5)
Common Stock03/18/2026S(3)9,985D$182.9386(7)3,018,547IBy Trust(5)
Common Stock46,360IBy Children's Trust(8)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld by the Issuer to satisfy taxes due by the Reporting Person in connection with the vesting of restricted stock units previously reported on a Form 4.
2. Includes 70,701 shares issued upon the vesting of restricted stock units previously reported on a Form 4.
3. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 19, 2025.
4. Represents weighted average sales price. The shares were sold at prices ranging from $180.770 to $181.760. The Reporting Person will provide upon request, to the Securities and Exchange Commission (the "SEC"), the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
5. The shares are held by the Ajay K. Puri Revocable Trust dtd 12/10/2015, of which the Reporting Person is trustee.
6. Represents weighted average sales price. The shares were sold at prices ranging from $181.770 to $182.760. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
7. Represents weighted average sales price. The shares were sold at prices ranging from $182.770 to $183.320. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
8. The shares are held by The Puri 2019 Irrevocable Children's Trust dtd 12/06/2019, of which the Reporting Person is trustee. Mr. Puri disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein, if any.
Remarks:
/s/ Tina Ashcraft, Attorney-in-Fact for Ajay K. Puri03/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did NVIDIA (NVDA) executive Ajay Puri report in this Form 4?

Ajay Puri reported tax withholding and share sales. NVIDIA’s EVP had 69,529 shares withheld for RSU taxes and a trust associated with him sold 300,000 shares in open-market trades executed under a Rule 10b5-1 trading plan.

How many NVIDIA (NVDA) shares did Ajay Puri sell in the open market?

A trust associated with Ajay Puri sold 300,000 shares. The Ajay K. Puri Revocable Trust executed three open-market sales on March 18, 2026 at weighted average prices between about $180.77 and $183.32 per share.

Were Ajay Puri’s NVIDIA (NVDA) share sales pre-planned under a Rule 10b5-1 plan?

Yes, the sales were under a Rule 10b5-1 plan. A footnote states the reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Ajay Puri on September 19, 2025, indicating they were pre-arranged.

How many NVIDIA (NVDA) shares does Ajay Puri hold after these transactions?

Ajay Puri retains substantial NVIDIA share holdings. Following the March 18, 2026 transactions, he holds 637,248 shares directly, about 3,018,547 shares indirectly through his revocable trust, and 46,360 shares in a 2019 irrevocable children's trust where he disclaims most beneficial ownership.

Was Ajay Puri’s 69,529-share NVIDIA (NVDA) transaction a market sale?

No, the 69,529-share entry was for tax withholding. Those shares were withheld by NVIDIA to satisfy taxes due on vesting restricted stock units, rather than being sold in the open market as a discretionary transaction.

What price range did the NVIDIA (NVDA) insider share sales occur at?

The reported NVIDIA share sales occurred around $181–$183. Footnotes show weighted average sale prices with individual trades ranging from $180.770 up to $183.320 per share across the three open-market sale transactions.
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