STOCK TITAN

NVDA CEO reports 10b5-1 plan sales; large indirect stakes listed

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

Rhea-AI Filing Summary

NVIDIA (NVDA): President and CEO Jen-Hsun Huang reported open-market sales of NVIDIA common stock on 10/29/2025, executed under a Rule 10b5-1 trading plan adopted on March 20, 2025.

Reported tranches and weighted average prices included: 3,013 shares at $205.6542 (prices ranged $205.100–$206.090), 7,790 at $206.7567 ($206.100–$207.080), 5,118 at $207.3762 ($207.100–$208.060), 2,724 at $208.729 ($208.220–$209.070), 2,580 at $209.913 ($209.300–$210.280), 3,298 at $210.7351 ($210.320–$211.270), and 477 at $211.7617 ($211.470–$212.100). Each tranche was coded “S”.

Following these transactions, direct beneficial ownership was 69,733,203 shares. Indirect holdings included 581,378,470 shares by the Jen-Hsun & Lori Huang Living Trust, 49,489,560 by J. and L. Huang Investments, L.P., and additional positions held via specified trusts and LLCs as listed in the filing.

Positive

  • None.

Negative

  • None.
Insider HUANG JEN HSUN
Role President and CEO
Sold 25,000 shs ($5.20M)
Type Security Shares Price Value
Sale Common Stock 3,013 $205.6542 $620K
Sale Common Stock 7,790 $206.7567 $1.61M
Sale Common Stock 5,118 $207.3762 $1.06M
Sale Common Stock 2,724 $208.729 $569K
Sale Common Stock 2,580 $209.913 $542K
Sale Common Stock 3,298 $210.7351 $695K
Sale Common Stock 477 $211.7617 $101K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
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holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 69,755,190 shares (Direct); Common Stock — 581,378,470 shares (Indirect, By Trust)
Footnotes (1)
  1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 20, 2025. Represents weighted average sales price. The shares were sold at prices ranging from $205.100 to $206.090. 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. Represents weighted average sales price. The shares were sold at prices ranging from $206.100 to $207.080. 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. Represents weighted average sales price. The shares were sold at prices ranging from $207.100 to $208.060. 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. Represents weighted average sales price. The shares were sold at prices ranging from $208.220 to $209.070. 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. Represents weighted average sales price. The shares were sold at prices ranging from $209.300 to $210.280. 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. Represents weighted average sales price. The shares were sold at prices ranging from $210.320 to $211.270. 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. Represents weighted average sales price. The shares were sold at prices ranging from $211.470 to $212.100. 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. The shares are held by Jen-Hsun Huang and Lori Huang, as co-trustees of the Jen-Hsun & Lori Huang Living Trust, u/a/d May 1, 1995 (the "Trust"). The shares are held by J. and L. Huang Investments, L.P., of which the Trust is the general partner. The shares are held by The Huang 2012 Irrevocable Trust, of which the Reporting Person is a trustee. The shares are held by The Huang Irrevocable Remainder Trust u/a/d February 19, 2016, of which the Reporting Person is a trustee. The shares are held by The Lori Lynn Huang 2016 Annuity Trust II Agreement. The shares are held by The Jen-Hsun Huang 2016 Annuity Trust II Agreement. The shares are held by TARG S LLC, of which the Trust is the sole member. The shares are held by TARG M LLC, of which the Trust is the sole member.
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).
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*
HUANG JEN HSUN

(Last) (First) (Middle)
C/O NVIDIA CORPORATION
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
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025
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 10/29/2025 S(1) 3,013 D $205.6542(2) 69,755,190 D
Common Stock 10/29/2025 S(1) 7,790 D $206.7567(3) 69,747,400 D
Common Stock 10/29/2025 S(1) 5,118 D $207.3762(4) 69,742,282 D
Common Stock 10/29/2025 S(1) 2,724 D $208.729(5) 69,739,558 D
Common Stock 10/29/2025 S(1) 2,580 D $209.913(6) 69,736,978 D
Common Stock 10/29/2025 S(1) 3,298 D $210.7351(7) 69,733,680 D
Common Stock 10/29/2025 S(1) 477 D $211.7617(8) 69,733,203 D
Common Stock 581,378,470 I By Trust(9)
Common Stock 49,489,560 I By Partnership(10)
Common Stock 22,280,000 I By Irrevocable Trust(11)
Common Stock 50,078,000 I By Irrevocable Remainder Trust(12)
Common Stock 29,512,185 I By Grantor Retained Annuity Trust 1(13)
Common Stock 29,512,185 I By Grantor Retained Annuity Trust 2(14)
Common Stock 10,000,000 I By Limited Liability Company 1(15)
Common Stock 10,000,000 I By Limited Liability Company 2(16)
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. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 20, 2025.
2. Represents weighted average sales price. The shares were sold at prices ranging from $205.100 to $206.090. 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.
3. Represents weighted average sales price. The shares were sold at prices ranging from $206.100 to $207.080. 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.
4. Represents weighted average sales price. The shares were sold at prices ranging from $207.100 to $208.060. 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.
5. Represents weighted average sales price. The shares were sold at prices ranging from $208.220 to $209.070. 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.
6. Represents weighted average sales price. The shares were sold at prices ranging from $209.300 to $210.280. 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 $210.320 to $211.270. 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. Represents weighted average sales price. The shares were sold at prices ranging from $211.470 to $212.100. 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.
9. The shares are held by Jen-Hsun Huang and Lori Huang, as co-trustees of the Jen-Hsun & Lori Huang Living Trust, u/a/d May 1, 1995 (the "Trust").
10. The shares are held by J. and L. Huang Investments, L.P., of which the Trust is the general partner.
11. The shares are held by The Huang 2012 Irrevocable Trust, of which the Reporting Person is a trustee.
12. The shares are held by The Huang Irrevocable Remainder Trust u/a/d February 19, 2016, of which the Reporting Person is a trustee.
13. The shares are held by The Lori Lynn Huang 2016 Annuity Trust II Agreement.
14. The shares are held by The Jen-Hsun Huang 2016 Annuity Trust II Agreement.
15. The shares are held by TARG S LLC, of which the Trust is the sole member.
16. The shares are held by TARG M LLC, of which the Trust is the sole member.
Remarks:
/s/ Rebecca Peters, Attorney-in-Fact for Jen-Hsun Huang 10/31/2025
** 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 did NVIDIA (NVDA) disclose in this Form 4?

CEO Jen-Hsun Huang reported multiple open-market sales of NVIDIA common stock on 10/29/2025 under a Rule 10b5-1 plan.

What were the sale prices in the NVDA insider transactions?

Tranche-weighted averages ranged from $205.6542 to $211.7617, with each tranche including a stated intraday price range.

How many NVIDIA shares does the CEO hold directly after these sales?

Direct beneficial ownership was 69,733,203 shares after the reported transactions.

Were the sales made under a 10b5-1 plan for NVDA?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 20, 2025.

What indirect NVIDIA shareholdings are reported for the CEO?

Indirect holdings included 581,378,470 shares by the Living Trust and 49,489,560 by J. and L. Huang Investments, L.P., plus additional trusts and LLCs.

Were any derivative securities reported in this Form 4 for NVDA?

No derivative securities were reported in Table II of this filing.

What transaction code was used for the NVDA insider trades?

Each reported sale used transaction code S (open-market or private sale).