NVDA Form 4: Mark Stevens Sells Nearly 500K Shares via Trusts
Rhea-AI Filing Summary
Insider sales by NVIDIA director Mark A. Stevens. The Form 4 shows Mr. Stevens, a director, sold 200,000 shares of NVIDIA common stock on 09/11/2025 at a weighted average price of $177.4701 and sold 297,797 shares on 09/12/2025 at a weighted average price of $178.1899. The filings state the shares sold were held indirectly by the Third Millennium Trust (co-trustee with his spouse) and that Mr. Stevens is trustee of the Envy Trust. Post-transaction beneficial ownership figures reported include 8,047,600 shares (indirect) after the 09/11 sale and 7,749,803 shares (indirect) after the 09/12 sale; other reported holdings include 11,543,401 shares direct and 16,070,550 shares indirect via the Envy Trust. The filer certified the form on 09/15/2025 and offered to provide per-price sale details to the SEC on request.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director sold 497,797 NVDA shares across two days at ~$177–$178, reducing indirect holdings.
The reported transactions are clear sales, totaling 497,797 shares sold on 09/11/2025 and 09/12/2025 at weighted average prices of $177.4701 and $178.1899, respectively. Sales were from trusts where the reporting person serves as trustee or co-trustee, and the filer discloses both direct and indirect beneficial ownership counts post-transaction. From an investor-significance perspective, the filing documents a meaningful insider disposition in absolute share terms but does not include explanations for the sales; the form notes the filer will provide per-price breakdowns on request. This is a routine Section 16 disclosure with clear transaction details.
TL;DR: Transactions comply with Section 16 disclosure rules; trust holdings and trustee roles are identified.
The Form 4 appropriately identifies the reporting person as a director and discloses indirect ownership through the Third Millennium Trust and the Envy Trust. The filing includes weighted average sale prices and an offer to supply detailed per-price amounts to the SEC, which supports transparency. There is no indication of policy breaches or undisclosed related-party transactions in the document. The transactions reduce reported indirect holdings but the form does not provide any contextual explanation for the sales, which is typical for Form 4 disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 297,797 | $178.1899 | $53.06M |
| Sale | Common Stock | 200,000 | $177.4701 | $35.49M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents weighted average sales price. The shares were sold at prices ranging from $177.250 to $177.736. 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. Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees. Represents weighted average sales price. The shares were sold at prices ranging from $177.600 to $178.591. 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. Held by the Envy Trust u/a/d December 7, 2021, of which the Reporting Person is trustee.
