NVIDIA (NASDAQ: NVDA) CEO shifts large share blocks into family trusts
Rhea-AI Filing Summary
NVIDIA CORP President and CEO Jen-Hsun Huang reported non-market share dispositions tied to tax withholding and estate-planning transfers. On March 18, 2026, 437,908 shares of common stock were withheld by NVIDIA at an average price of $181.93 per share to satisfy taxes due upon vesting of previously reported restricted stock units, leaving him with 70,191,975 shares held directly.
Separate entries classify multiple transactions as bona fide gifts involving grantor retained annuity trusts and an irrevocable remainder trust, as well as transfers to the Jen-Hsun & Lori Huang Living Trust. Holdings tables show large indirect positions, including 528,531,547 shares held by the Living Trust and additional blocks held through limited liability companies and an irrevocable trust. These changes reflect movements among related estate-planning entities rather than any open-market buying or selling of NVIDIA shares.
Positive
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Negative
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Insights
Huang’s Form 4 shows tax withholding and large trust-to-trust gifts, not market sales.
The filing indicates Jen-Hsun Huang had 437,908 NVIDIA shares withheld to cover taxes on restricted stock unit vesting, a routine, non-market event. After this, he still holds 70,191,975 shares directly. No open-market purchases or sales are reported.
Three large dispositions are coded as bona fide gifts from grantor retained annuity trusts and an irrevocable remainder trust into related trusts, including the Jen-Hsun & Lori Huang Living Trust. Indirect holdings remain significant, with disclosed stakes such as 528,531,547 shares held by the Living Trust and additional blocks in LLCs and an irrevocable trust.
Economically, this looks like estate and trust structuring rather than a change in view on NVIDIA’s prospects. Future company filings may clarify how these trust-level shifts affect long-term voting control or succession planning, but this Form 4 alone shows ownership reorganization without market selling pressure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 437,908 | $181.93 | $79.67M |
| Gift | Common Stock | 29,481,301 | $0.00 | -- |
| Gift | Common Stock | 29,481,301 | $0.00 | -- |
| Gift | Common Stock | 58,962,602 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. Includes 445,323 shares issued upon the vesting of restricted stock units previously reported on a Form 4. Represents a transfer of shares by The Lori Lynn Huang 2016 Annuity Trust II Agreement (the "Grantor Retained Annuity Trust 1") to The Huang Irrevocable Remainder Trust u/a/d February 19, 2016 (the "Irrevocable Remainder Trust"), of which the Reporting Person is a trustee, upon termination of the Grantor Retained Annuity Trust 1. Reflects a transfer of 30,884 shares by the Grantor Retained Annuity Trust 1 to the Jen-Hsun & Lori Huang Living Trust, u/a/d May 1, 1995 (the "Trust") to satisfy annuity payments. Represents a transfer of shares by The Jen-Hsun Huang 2016 Annuity Trust II Agreement (the "Grantor Retained Annuity Trust 2") to the Irrevocable Remainder Trust, upon termination of the Grantor Retained Annuity Trust 2. Reflects a transfer of 30,884 shares by the Grantor Retained Annuity Trust 2 to the Trust to satisfy annuity payments. Reflects a transfer of 3,367,333 shares from TARG S LLC (the "Limited Liability Company 1"), of which the Trust is the sole member, to the Trust to satisfy annuity payments. Reflects a transfer of 3,367,333 shares from TARG M LLC (the "Limited Liability Company 2"), of which the Trust is the sole member, to the Trust to satisfy annuity payments. The shares are held by Jen-Hsun Huang and Lori Huang, as co-trustees of the Trust. The shares are held by The Huang 2012 Irrevocable Trust, of which the Reporting Person is a trustee. The shares are held by TARG S2 LLC, of which the Trust is the sole member. The shares are held by TARG M2 LLC, of which the Trust is the sole member.
