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NVIDIA Executive Restructures Multi-Million Dollar Stock Portfolio Amid Record Share Prices

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Nvidia EVP Ajay K. Puri reported multiple securities transactions on June 18, 2025. The key transactions include:

  • Disposition of 38,978 shares of common stock at $144.12 per share through tax withholding (Transaction Code: F) related to RSU vesting
  • Receipt of 39,634 shares from previously reported RSU vesting
  • Transfer of 284,087 shares to the Ajay K. Puri Revocable Trust

Following these transactions, Puri's beneficial ownership stands at:

  • 634,193 shares held directly
  • 4,186,742 shares held in the Revocable Trust
  • 46,360 shares held in Children's Trust (beneficial ownership disclaimed except for pecuniary interest)

Positive

  • None.

Negative

  • None.
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*
Puri Ajay K

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Worldwide Field Ops
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 F 38,978(1) D $144.12 634,193(2)(3) D
Common Stock 4,186,742(3) I By Trust(4)
Common Stock 46,360 I By Children's Trust(5)
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 shares of the Issuer's common stock 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 39,634 shares issued upon the vesting of restricted stock units previously reported on a Form 4.
3. Reflects 284,087 shares transferred without consideration from the Reporting Person to the Ajay K. Puri Revocable Trust dtd 12/10/2015, of which the Reporting Person is trustee (the "Revocable Trust").
4. The shares are held by the Revocable Trust.
5. 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/ Rebecca Peters, Attorney-in-Fact for Ajay K. Puri 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 EVP Ajay Puri dispose of on June 18, 2025?

On June 18, 2025, Ajay Puri had 38,978 shares of NVDA common stock withheld by the company at $144.12 per share to satisfy tax obligations related to the vesting of restricted stock units.

What is Ajay Puri's total NVDA stock ownership after the June 2025 transactions?

After the reported transactions, Ajay Puri beneficially owns 634,193 shares directly, plus indirect ownership of 4,186,742 shares through the Revocable Trust and 46,360 shares through the Children's Trust, for a total beneficial ownership of approximately 4.87 million NVDA shares.

What position does Ajay Puri hold at NVDA as of June 2025?

According to the Form 4 filing, Ajay Puri serves as EVP, Worldwide Field Operations at NVIDIA Corporation.

What trust transfers did NVDA's Ajay Puri make in June 2025?

The filing shows that Puri transferred 284,087 shares without consideration from his direct holdings to the Ajay K. Puri Revocable Trust dated 12/10/2015, where he serves as trustee.

How many NVDA restricted stock units vested for Ajay Puri in this transaction?

The filing indicates that 39,634 shares were issued to Puri upon the vesting of previously reported restricted stock units.
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