[Form 4] Nvidia Corp Insider Trading Activity

Rhea-AI Filing Summary

Nvidia director Mark A. Stevens reported a significant insider transaction on June 18, 2025, selling 608,248 shares at a weighted average price of $145.26 per share, totaling approximately $88.3 million.

Following the transaction, Stevens maintains substantial holdings in Nvidia through multiple ownership structures:

• 11,541,602 shares held directly
• 8,247,600 shares held indirectly through the Third Millennium Trust (co-trustee with spouse)
• 16,070,550 shares held indirectly through the Envy Trust (sole trustee)

The sale was executed at prices ranging from $144.70 to $145.52 per share. This Form 4 filing indicates Stevens retains significant ownership in Nvidia while diversifying his position, with total beneficial ownership of approximately 35.9 million shares across all holdings.

Positive

• None.

Negative

• Director Mark Stevens sold 608,248 shares worth approximately $88.3M (at avg. price $145.26), representing a significant insider sale transaction. Stevens still maintains substantial holdings of 35.9M shares across direct and trust ownership.

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).

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^*

STEVENS MARK A

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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	06/18/2025		S		608,248	D	$145.2633(1)	8,247,600	I	By Trust(2)
Common Stock								16,070,550	I	By the Envy Trust(3)
Common Stock								11,541,602	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 $144.700 to $145.515. 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. Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees.

3. Held by the Envy Trust u/a/d December 7, 2021, of which the Reporting Person is trustee.

Remarks:

	/s/ Rebecca Peters, Attorney-in-Fact for Mark A. Stevens	06/23/2025
	** 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

How many NVDA shares did Mark Stevens sell on June 18, 2025?

Mark Stevens sold 608,248 shares of NVIDIA (NVDA) common stock on June 18, 2025 at a weighted average price of $145.2633 per share.

What is Mark Stevens' total NVDA stock ownership after the June 2025 transaction?

After the transaction, Mark Stevens owned NVDA shares across three holdings: 11,541,602 shares held directly, 8,247,600 shares held by the Third Millennium Trust, and 16,070,550 shares held by the Envy Trust, totaling approximately 35.86 million shares.

What positions does Mark Stevens hold at NVDA as of June 2025?

According to the Form 4 filing, Mark Stevens serves as a Director of NVIDIA Corporation (NVDA). This is indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.

What was the price range of NVDA shares sold by Mark Stevens in the June 2025 transaction?

The shares were sold at prices ranging from $144.700 to $145.515 per share, with a weighted average sales price of $145.2633.

How are Mark Stevens' indirect NVDA holdings structured?

Mark Stevens holds indirect NVDA shares through two trusts: the Third Millennium Trust (8,247,600 shares), where he and his wife are co-trustees, and the Envy Trust (16,070,550 shares) dated December 7, 2021, where he serves as trustee.