NVIDIA Exec Sells $6.8 Million Worth of Stock

NVIDIA Corporation (NASDAQ:NVDA) Executive Vice President Timothy Teter sold a substantial amount of stock in the company, according to a recent filing with the Securities & Exchange Commission.

Teter sold 30,460 shares at an average price of $222.80 each on September 21st, netting him $6,786,488 in total. This sale reduced his ownership stake in the company by 1.12%, leaving him directly owning approximately 2,687,660 shares valued at around $598,810,648.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which is designed to reduce insider trading concerns and promote transparency in executive stock transactions.