Insider Sale: NVDA Director Disposes of 28,000 Shares; Trust Holdings Detailed

Rhea-AI Filing Summary

Stephen C. Neal, an NVIDIA director and trustee, reported the sale of 28,000 shares of NVIDIA common stock on 09/12/2025 at a weighted average price of $177.5837 per share. Following the reported transaction, the filing lists 143,410 shares held indirectly by the Neal/Rhyu Revocable Trust dated 5/2/2017, 30,428 shares held indirectly by the 2013 Stephen C. Neal Revocable Trust, 7,142 shares held indirectly by the 2013 Michelle S. Rhyu Revocable Trust, and 3,887 shares held directly. The filing was signed by an attorney-in-fact on 09/16/2025.

Insights

Financial Analyst

TL;DR: Director sale of 28,000 NVDA shares is disclosed; holdings by related trusts remain significant but no further context on timing or intent.

The Form 4 documents a single open-market sale of 28,000 shares at a weighted average price of $177.5837 on 09/12/2025. Post-transaction beneficial holdings are detailed by trust and direct ownership. The disclosure is routine for Section 16 reporting and provides precise share counts and sale price range. There is no information on broader trading program, tax-related sale, or any change in board role, so market-impact interpretation is limited to the disclosed sale quantity and prices.

Corporate Governance Expert

TL;DR: This is a standard insider transaction filing showing trust-managed holdings and an authorized sale; no governance changes reported.

The report clarifies that the reporting person is a director and trustee for multiple revocable trusts that hold NVDA shares. The filing includes an explanation that the Neal/Rhyu Revocable Trust and two 2013 revocable trusts hold portions of the beneficial ownership. The signature by an attorney-in-fact is noted. There are no disclosures of departures, new affiliations, or changes to reporting status that would indicate governance materiality beyond the routine sale.

Insider Trade Summary

Net Seller: 28,000 shares ($4,972,344)

Net Sell 4 txns

Insider Neal Stephen C

Role Director

Sold 28,000 shs ($4.97M)

Type	Security	Shares	Price	Value
Sale	Common Stock	28,000	$177.5837	$4.97M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 143,410 shares (Indirect, The Neal/Rhyu Revocable Trust dated 5/2/2017); Common Stock — 3,887 shares (Direct)

Footnotes (1)

1. Represents weighted average sales price. The shares were sold at prices ranging from $177.550 to $177.6172. The Reporting Person will provide upon request, to the Securities and Exchange Commission, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Shares held by the Neal/Rhyu Revocable Trust dated 5/2/2017, of which the Reporting Person is trustee. Shares held by the 2013 Stephen C. Neal Revocable Trust, of which the Reporting Person is trustee. Shares held by the 2013 Michelle S. Rhyu Revocable Trust.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

Neal Stephen C

(Last) (First) (Middle)

C/O 2788 SAN TOMAS EXPRESSWAY

(Street)

SANTA CLARA CA 95051

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NVIDIA CORP [ NVDA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/12/2025		S		28,000	D	$177.5837(1)	143,410	I	The Neal/Rhyu Revocable Trust dated 5/2/2017(2)
Common Stock								30,428	I	2013 Stephen C. Neal Revocable Trust(3)
Common Stock								7,142	I	2013 Michelle S. Rhyu Revocable Trust(4)
Common Stock								3,887	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents weighted average sales price. The shares were sold at prices ranging from $177.550 to $177.6172. The Reporting Person will provide upon request, to the Securities and Exchange Commission, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.

2. Shares held by the Neal/Rhyu Revocable Trust dated 5/2/2017, of which the Reporting Person is trustee.

3. Shares held by the 2013 Stephen C. Neal Revocable Trust, of which the Reporting Person is trustee.

4. Shares held by the 2013 Michelle S. Rhyu Revocable Trust.

Remarks:

	/s/ Rebecca Peters, Attorney-in-Fact for Stephen C. Neal	09/16/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transaction did NVIDIA director Stephen C. Neal report on Form 4 (NVDA)?

The Form 4 reports a sale of 28,000 shares of NVIDIA common stock on 09/12/2025 at a weighted average price of $177.5837 per share.

How many NVDA shares does the Neal/Rhyu Revocable Trust hold after the reported transaction?

The filing states the Neal/Rhyu Revocable Trust dated 5/2/2017 holds 143,410 shares beneficially.

Which trusts are disclosed as holding NVDA shares for Stephen C. Neal?

The filing discloses: the Neal/Rhyu Revocable Trust (dated 5/2/2017), the 2013 Stephen C. Neal Revocable Trust with 30,428 shares, and the 2013 Michelle S. Rhyu Revocable Trust with 7,142 shares.

Was the Form 4 signed by the reporting person for NVDA?

The Form 4 was signed by Rebecca Peters, Attorney-in-Fact for Stephen C. Neal on 09/16/2025.

What price range were the sold NVDA shares executed at?

The shares were sold at prices ranging from $177.550 to $177.6172; the filing reports a weighted average of $177.5837.