Nvidia Director Stevens Sells Another $300 Million in Shares

Nvidia Director Mark Stevens has made another significant sale of company shares, bringing his reported disposals to nearly $947 million since August 31. The latest transaction saw Stevens sell 1.366 million Nvidia shares for approximately $300.15 million on September 18.

The sale included 1.356 million shares at a weighted-average price of $219.72 and another 10,000 shares at $220.42. This sale represented about 4.7% of Stevens' reported equity position before the transaction.

Stevens has been reducing his Nvidia holdings in several large transactions since August 31. He previously reported selling around $410.84 million on September 2 and another $235.64 million on September 8. His remaining reported holdings are still substantial, with approximately 970,531 shares held through the Third Millennium Trust.

The next catalyst for Stevens' share sales will be Nvidia's upcoming insider filings, which will show whether he continues to reduce his position or changes the pace of his sales.