NVIDIA director sells 1.37M shares via trust

Q: What NVDA stock transactions did director Mark A. Stevens report on this Form 4?

He reported indirect sales of 1,356,000 NVDA shares at a weighted average price of $219.72 and 10,000 shares at a weighted average price of $220.42 on September 18, 2026, executed as open-market or private transactions.

Q: How many NVDA shares does Mark A. Stevens report owning after these transactions?

He reports 11,544,612 NVDA shares held directly and 15,017,750 shares held indirectly by the Envy Trust u/a/d December 7, 2021, of which he is trustee.

Q: Were the NVDA shares sold by Mark A. Stevens personally or through trusts?

The sales were reported as indirect ownership "By Trust" and are held by the Third Millennium Trust, where Mark A. Stevens and his wife are co-trustees, according to the footnotes.

Q: What price range did the NVDA shares sell for in these reported transactions?

For the 1,356,000-share sale, prices ranged from $219.40 to $220.35. For the 10,000-share sale, prices ranged from $220.41 to $220.48, with the reported prices being weighted averages within those ranges.

Q: What is the total number of NVDA shares sold in this Form 4 by Mark A. Stevens’ trust?

The Form 4 reports a total of 1,366,000 NVDA shares sold indirectly through trust holdings on September 18, 2026.

NVIDIA director Mark A. Stevens disclosed large trust-held share sales while retaining substantial direct and indirect NVDA ownership.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

NVIDIA CORP (NVDA) director Mark A. Stevens reported indirect open-market sales of the company’s common stock held through trusts. On September 18, 2026, a trust sold 1,356,000 shares at a weighted average price of $219.72 per share and 10,000 shares at a weighted average price of $220.42 per share. After these transactions, Stevens reports 11,544,612 shares held directly and 15,017,750 shares held indirectly by the Envy Trust, of which he is trustee. No Rule 10b5-1 trading plan is indicated.

Insights

Analyzing...

Insider Trade Summary

Net Seller: 1,366,000 shares

Net Sell 4 txns

Insider STEVENS MARK A

Role Director

Sold 1,366,000 shs ($300.15M)

Type	Security	Shares	Price	Value
Sale	Common Stock ^{F1, F2}	1,356,000	$219.7219	$297.94M
Sale	Common Stock ^{F3, F2}	10,000	$220.4199	$2.20M
holding	Common Stock	--	--	--
holding	Common Stock ^F4	--	--	--

Holdings After Transaction: Common Stock — 970,531 shares (Indirect, By Trust); Common Stock — 11,544,612 shares (Direct); Common Stock — 15,017,750 shares (Indirect, By the Envy Trust)

Footnotes (4)

F1. Represents weighted average sales price. The shares were sold at prices ranging from $219.40 to $220.35. 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.
F2. Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees.
F3. Represents weighted average sales price. The shares were sold at prices ranging from $220.41 to $220.48. 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.
F4. Held by the Envy Trust u/a/d December 7, 2021, of which the Reporting Person is trustee.

Key Figures

Shares sold (main transaction): 1,356,000 shares Weighted average sale price (main block): $219.72 per share Additional shares sold: 10,000 shares +4 more

7 metrics

Shares sold (main transaction) 1,356,000 shares Indirect sale by trust on September 18, 2026

Weighted average sale price (main block) $219.72 per share 1,356,000-share indirect sale; prices from $219.40 to $220.35

Additional shares sold 10,000 shares Indirect sale by trust on September 18, 2026

Weighted average sale price (additional block) $220.42 per share 10,000-share indirect sale; prices from $220.41 to $220.48

Total shares sold 1,366,000 shares Aggregate of reported indirect trust sales on September 18, 2026

Direct holdings after transactions 11,544,612 shares Common stock held directly by Mark A. Stevens

Indirect holdings after transactions 15,017,750 shares Common stock held indirectly by the Envy Trust

Key Terms

weighted average sales price, co-trustees, trustee

3 terms

weighted average sales price financial

"Represents weighted average sales price. The shares were sold at prices"

co-trustees other

"Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees."

trustee other

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

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What NVDA stock transactions did director Mark A. Stevens report on this Form 4?

He reported indirect sales of 1,356,000 NVDA shares at a weighted average price of $219.72 and 10,000 shares at a weighted average price of $220.42 on September 18, 2026, executed as open-market or private transactions.

How many NVDA shares does Mark A. Stevens report owning after these transactions?

He reports 11,544,612 NVDA shares held directly and 15,017,750 shares held indirectly by the Envy Trust u/a/d December 7, 2021, of which he is trustee.

Were the NVDA shares sold by Mark A. Stevens personally or through trusts?

The sales were reported as indirect ownership "By Trust" and are held by the Third Millennium Trust, where Mark A. Stevens and his wife are co-trustees, according to the footnotes.

What price range did the NVDA shares sell for in these reported transactions?

For the 1,356,000-share sale, prices ranged from $219.40 to $220.35. For the 10,000-share sale, prices ranged from $220.41 to $220.48, with the reported prices being weighted averages within those ranges.

Is there a Rule 10b5-1 trading plan associated with Mark A. Stevens’ NVDA sales?

No. The filing indicates the Rule 10b5-1 checkbox is not marked, so these transactions are not affirmed as being made under a Rule 10b5-1 trading plan.

What is the total number of NVDA shares sold in this Form 4 by Mark A. Stevens’ trust?

The Form 4 reports a total of 1,366,000 NVDA shares sold indirectly through trust holdings on September 18, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 04:56 PM Accepted by SEC EDGAR 09/22/2026 - 04:56 PM

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

CALIFORNIA

95051

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/18/2026		S		1,356,000	D	$219.7219⁽¹⁾	980,531	I	By Trust⁽²⁾
Common Stock	09/18/2026		S		10,000	D	$220.4199⁽³⁾	970,531	I	By Trust⁽²⁾
Common Stock								11,544,612	D
Common Stock								15,017,750	I	By the Envy Trust⁽⁴⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents weighted average sales price. The shares were sold at prices ranging from $219.40 to $220.35. 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.

2. Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees.

3. Represents weighted average sales price. The shares were sold at prices ranging from $220.41 to $220.48. 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. Held by the Envy Trust u/a/d December 7, 2021, of which the Reporting Person is trustee.

Remarks:

	/s/ Tina Ashcraft, Attorney-in-Fact for Mark A. Stevens	09/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

NVIDIA director sells 1.37M shares via trust

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