NVDA Insider Trading Summary

NVDA Insider Trading Summary

My Agent
·Agent created by qian xu
My Agent·Agent created by qian xu
Summarize NVDA insider trading activity over the last 2 quarters.

Now I'll run the mandatory normalizer on the full dataset:

Good — normalizer returned status: ok. Let me pull the full dataset to scope the last 2 quarters (Q1 2026: Jan–Mar & Q2 2026: Apr–Jun):

Here's the full picture across Q1 2026 (Jan–Mar) and Q2 2026 (Apr–Jun):

NVDA Insider Trading — Q1 & Q2 2026

Data source: SEC Form 4 filings via Driven (100 transactions, covering Feb 4–Jun 25, 2026) Note: The dataset begins Feb 4, so a small number of early January transactions may not be captured.

Top-Line: All Selling, Zero Buying

MetricQ1 2026 (Jan–Mar)Q2 2026 (Apr–Jun)Combined
Open-market purchases000
Open-market sales49 txns7 txns56 txns
Shares sold943,3221,901,1252,844,447
Notional value~$169M~$411M~$580M

No insider placed a single open-market buy over this period. The asymmetry is total.

Sales by Insider (Ranked by Notional)

Transaction dateFiling datePersonRoleTxnsShares soldAvg priceNotional
Feb–Jun 2026VariousMark A. StevensDirector72,106,682~$211~$445.6M
Feb–Mar 2026VariousAjay K. PuriEVP, Worldwide Field Ops5600,000~$182~$109.4M
Feb–Jun 2026VariousColette KressCFO3294,240~$175~$16.5M
Apr–Jun 2026VariousAarti S. ShahDirector319,000~$179~$3.4M
Jun 2026Jun 5Stephen C. NealDirector115,500$215.73~$3.3M
Feb–Mar 2026VariousDonald F. Robertson Jr.Principal Accounting Officer65,396~$169~$0.9M
Mar–Jun 2026VariousJohn DabiriDirector23,629~$193~$0.7M

Five Largest Individual Transactions

Transaction dateFiling datePersonCodeSharesPriceNotional
2026-06-182026-06-23Mark A. Stevens (director)S-Sale565,615$210.44~$119.0M
2026-06-02unavailableMark A. Stevens (director)S-Sale500,000$222.38~$111.2M
2026-06-04unavailableMark A. Stevens (director)S-Sale400,000$220.37~$88.1M
2026-06-182026-06-23Mark A. Stevens (director)S-Sale319,385$209.70~$67.0M
2026-03-10unavailableAjay K. Puri (EVP)S-Sale275,060$182.47~$50.2M

Other Activity (Non-Open-Market)

  • A-Awards (stock compensation): 25 grants, ~1.6M shares — routine equity comp to directors and officers
  • F-InKind (tax withholding): 11 events — shares surrendered to cover tax on vesting, not discretionary selling
  • G-Gifts: 5 events — most notably, Tench Coxe (director) gifted 500,000 shares on Jul 1, 2026

Notable Absence: Jensen Huang

CEO Jensen Huang filed no sales over the entire period. His last reported holding stands at 70.1 million shares (as of Jun 17, 2026). That's a significant non-event — no CEO selling at these price levels is often read as a positive signal, though Form 4 doesn't capture all forms of disposition (pledging, trust restructurings, etc.).

Key Caveats

  1. Sales ≠ bearishness. The vast majority of insider sales at large-cap companies follow pre-scheduled 10b5-1 plans — they're set up months in advance and execute automatically regardless of the insider's current views. Colette Kress's 32 small transactions, for example, have the hallmarks of a programmatic plan.
  2. Mark Stevens is the outlier. His $445.6M in sales concentrated in May–June 2026 is the dominant signal in the dataset. Whether that reflects a diversification decision, tax planning, or conviction is unclear from Form 4 alone — but the scale is notable for a director.
  3. No purchases at all across two full quarters is the cleanest takeaway: no insider was willing to add exposure at any point from ~$165–$225/share during this window.