Nvidia Director’s Stock Sales Pass 4 Million Mark in 2024

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N vidia director Mark Stevens just sold more stock, bringing his sales so far this year to more than four million shares.

Stevens sold 155,000 Nvidia shares on Wednesday for $20.5 million, an average price of $132.27 each. He sold the stock through a trust that now owns 8.1 million Nvidia shares, according to a form Stevens filed with the Securities and Exchange Commission. He also owns another 17.3 million Nvidia shares through another trust, and holds 12.9 million shares in a personal account.

Stevens began serving on Nvidia’s board in 1993, years before the company went public in January 1999. Now a partner in the private family-office investment firm S-Cubed Capital, he left Nvidia’s board in 2006, and returned in 2008.

Nvidia didn’t make Stevens available for comment on his latest stock sale. The company also declined to comment.

Stevens has now sold 4.15 million shares so far in 2024 for a total of $425.5 million, an average price of $102.61 each. He is the third-biggest seller of Nvidia stock in 2024 among company insiders. CEO Jensen Huang