NVIDIA Director Gifts 500,000 Shares Under Pre-Planned Trading Plan

NVIDIA (NASDAQ: NVDA) director Tench Coxe recently made a significant move by gifting 500,000 shares of NVIDIA common stock to a trust. This transaction was executed under a Rule 10b5-1 trading plan adopted on March 19, 2026.

According to the Form 4 filing, the gift was made without consideration from the trust where Coxe serves as trustee. After this transaction, Coxe's indirect holdings through the trust increased to 24,171,360 shares of NVIDIA common stock, with beneficial ownership disclaimed except for his pecuniary interest.

In addition to the trust holdings, Coxe directly holds 57,378 shares of NVIDIA common stock and has a further 4,852,480 shares held indirectly through the SHV Profit Sharing Plan for his benefit. The Rule 10b5-1 trading plan is designed to help prevent accusations of unfair trading by making these transactions look planned and transparent.

This move by Coxe highlights the importance of transparency in corporate dealings and the need for auditors and regulators to verify that such gifts are unconditional and not subject to hidden conditions. The fact that this transaction was made under a Rule 10b5-1 plan suggests that it was pre-planned and intended to be transparent.