Nvidia (NVDA) Director Mark Stevens Sells Over 1 Million Shares
Director Mark Stevens of Nvidia (NVDA) has executed a major sale of over 1 million shares this week, generating approximately $150 million through two transactions on Monday and Tuesday, as reported in a recent Securities and Exchange Commission filing.
These sales are part of a larger strategy revealed on Monday, where Stevens plans to offload up to 4 million Nvidia shares, estimated to be worth around $550 million at the time, under a proposed 10b5-1 program. Analysts have pointed out that Stevens's sales account for the largest individual transaction outside of the planned sales by Chief Executive Officer Jensen Huang.
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Nvidia reported a revenue increase to $44.1 billion in the fiscal first quarter, marking a 69 percent rise from the previous year and surpassing the consensus forecast of $41.8 billion. The company anticipates current-period revenue of approximately $45 billion, covering the period through July. Since hitting a year-to-date low on April 4, Nvidia shares have surged nearly 50%, reflecting renewed confidence in the demand for AI chips in data centers.
Stevens's shares were sold from those held by Third Millennium Trust, where he and his wife are trustees. He initially registered to sell 3 million shares via a Form 144 filing last September but ended up selling less than 500,000 shares through various transactions. His net worth is reported at $9.8 billion, primarily stemming from his Nvidia holdings. Nvidia did not provide a comment on the sale, and Stevens was unavailable for further remarks.
Other insiders have also been active in the market. CEO Jensen Huang has initiated a new 10b5-1 plan on March 20 to sell 6 million shares by year-end, which would represent about $850 million at current valuations. Chief Financial Officer Colette Kress has planned to sell 500,000 shares, valued at over $70 million as of Wednesday, by March 24, 2026. Additionally, board member Brooke Seawell has a plan in place to sell roughly 1.1 million shares. Last year, insider share sales at Nvidia exceeded $2 billion, but only about $30 million had been recorded in 2025 prior to Stevens's $150 million sale, according to Washington Service data.
The timing of these sales aligns with Nvidia's strong first-quarter performance and optimistic forward guidance. Investors will be closely monitoring for any indications of slowing enterprise AI spending as trade policies evolve. Analysts also caution that continued insider selling might temper upside potential, even amidst the robust demand for GPUs. Key upcoming events include Nvidia's mid-year developer conference and updates regarding AI chip supply constraints in China.
This article first appeared on GuruFocus.