NVIDIA (NVDA) EVP Ajay Puri has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NVIDIA CORP executive Ajay K. Puri reported a compensation-related share withholding rather than an open-market trade. On this Form 4, 36,927 shares of common stock were withheld by the company at $207.41 per share to cover taxes due on vesting restricted stock units.
After this tax-withholding disposition, Puri directly holds 600,321 NVIDIA shares. Footnotes state that 37,548 shares were issued upon the vesting of previously reported restricted stock units, and additional indirect holdings are shown in trusts, including 3,018,547 shares held by the Ajay K. Puri Revocable Trust and 46,360 shares held by a children's trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Puri Ajay K
Role
EVP, Worldwide Field Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 36,927 | $207.41 | $7.66M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 600,321 shares (Direct, null);
Common Stock — 3,018,547 shares (Indirect, By Trust)
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 37,548 shares issued upon the vesting of restricted stock units previously reported on a Form 4. The shares are held by the Ajay K. Puri Revocable Trust dtd 12/10/2015, of which the Reporting Person is trustee. 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.
Key Figures
Tax-withheld shares: 36,927 shares
Withholding price: $207.41 per share
Direct holdings after transaction: 600,321 shares
+3 more
6 metrics
Tax-withheld shares
36,927 shares
Withheld to satisfy taxes on RSU vesting
Withholding price
$207.41 per share
Price for shares withheld for tax liability
Direct holdings after transaction
600,321 shares
Common stock held directly after tax withholding
Revocable trust holdings
3,018,547 shares
Shares held by Ajay K. Puri Revocable Trust
Children’s trust holdings
46,360 shares
Shares held by 2019 Irrevocable Children's Trust
RSU shares vested
37,548 shares
Shares issued upon RSU vesting previously reported
Key Terms
restricted stock units, Revocable Trust, Irrevocable Children's Trust, tax-withholding disposition
4 terms
restricted stock units financial
"vesting of restricted stock units previously reported on a Form 4"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Revocable Trust financial
"held by the Ajay K. Puri Revocable Trust dtd 12/10/2015"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Irrevocable Children's Trust financial
"The Puri 2019 Irrevocable Children's Trust dtd 12/06/2019"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for code F"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did NVIDIA (NVDA) EVP Ajay K. Puri report in this Form 4?
Ajay K. Puri reported a tax-related share disposition, not an open-market sale. 36,927 NVIDIA shares were withheld by the company to satisfy taxes owed on vesting restricted stock units, with updated direct and trust holdings also disclosed.
What restricted stock unit activity did Ajay K. Puri report for NVIDIA (NVDA)?
Footnotes state that 37,548 NVIDIA shares were issued when previously reported restricted stock units vested. A portion of these vested shares was withheld by the company, totaling 36,927 shares, to satisfy the related tax obligations for the reporting person.