[Form 3] Reynolds Consumer Products Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Form 144 – Insider share sale notice

NVIDIA CEO Jen-Hsun Huang has filed to sell an additional 75,000 common shares on 25 Jul 2025 through Charles Schwab, valued at $13.0 million (aggregate market value). The filing also shows Huang has already disposed of approximately 1.73 million shares between 20 Jun and 24 Jul 2025 in daily blocks of 50-75 k, generating about $280 million in gross proceeds. The planned transaction equals less than 0.01 % of the reported 24.4 billion shares outstanding, but extends a multi-week liquidation program by the company’s founder and chief executive.

While Form 144 is only a notice and execution is not guaranteed, continued insider selling can pressure sentiment—especially after NVDA’s sharp appreciation. Investors will watch for further filings, Rule 10b5-1 plan details, and the market’s ability to absorb additional supply.

Positive

• Negligible dilution: 75,000 shares represent less than 0.01 % of the 24.4 billion shares outstanding.

Negative

• Continued insider selling: CEO has disposed of ~1.73 million shares since 20 Jun 2025, plus a planned 75 k sale, totaling ≈$280 million.
• Potential sentiment headwind: Repeated Form 144 filings by the founder/CEO can erode investor confidence despite strong fundamentals.

Insights

Securities Analyst

TL;DR: CEO continues large programmed sales; modest size vs. float but negative for sentiment.

The filing extends Jen-Hsun Huang’s systematic share disposition. Including the new 75 k block, he has registered roughly 1.8 million shares for sale since late June, harvesting close to $300 million. Although the stake sold is immaterial to NVIDIA’s 24 billion-share base, persistent CEO selling after a major run-up typically signals profit-taking and may dampen momentum-driven inflows. Because the shares are sold on-exchange via Schwab, market impact depends on liquidity, which remains deep for NVDA. I view the news as modestly negative: it does not alter fundamentals, but it weakens the insider-ownership narrative that often supports premium valuations.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Hawkesby Duncan

(Last) (First) (Middle)

C/O REYNOLDS CONSUMER PRODUCTS INC.

1900 W. FIELD COURT

(Street)

LAKE FOREST IL 60045

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/23/2025

3. Issuer Name and Ticker or Trading Symbol
Reynolds Consumer Products Inc. [ REYN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	103,000	I	Indirect(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported shares are registered in the name of Forsyth Barr Custodians Ltd as broker for Hawkesby Management Limited, which is indirectly wholly owned by the reporting person and his wife, of which the reporting person is the Managing Director.

Remarks:

	/s/ Jill E. Barnett, Attorney-in-Fact	07/25/2025
	** 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 5 (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

Why did NVIDIA’s (NVDA) CEO file Form 144 on 25 Jul 2025?

Form 144 notifies regulators of the CEO’s intent to sell 75,000 NVIDIA shares under Rule 144.

How many NVDA shares is Jen-Hsun Huang planning to sell in this notice?

He intends to sell 75,000 common shares valued at roughly $13.0 million.

How many NVDA shares has the CEO already sold in the past three months?

The filing lists about 1.73 million shares sold between 20 Jun and 24 Jul 2025.

What is the aggregate market value of the proposed 75 k-share sale?

The aggregate value disclosed is $13,041,335.

Will the 75,000-share sale dilute existing NVIDIA shareholders?

No. The shares come from the CEO’s holdings and represent less than 0.01 % of shares outstanding, causing no dilution.

On which exchange will the shares be sold?

The notice states the shares are to be sold on the NASDAQ.