NVIDIA director Mark A. Stevens reports $300.15 million of shares sold by a trust
The Form 4 filed Sep 22 shows 1,366,000 shares sold at an average of $219.73 on Sep 18, held through the Third Millennium Trust.
Mark A. Stevens, a director of NVIDIA, reported in a Form 4, the filing that insiders send the SEC to report trades in their company's shares, that 1,366,000 shares were sold on Sep 18, 2026. The shares sold for $300.15 million, at an average price of $219.73 a share, and the form was filed on Sep 22, 2026. The form lists STEVENS MARK A as the reporting owner; Tina Ashcraft signed it as attorney-in-fact for Mark A. Stevens.1,2,3,4,5,6,7,8,9
The shares were not held by Stevens directly. Both sale lines show them held indirectly, by a trust, and a footnote says the shares were held by the Third Millennium Trust, of which Stevens and his wife are co-trustees. So the seller was the trust, not Stevens personally. The form states 970,531 shares of common stock still held indirectly, by a trust, after the last sale line.10,11,12,13,14
The form reports the sale in 2 lines. The first is 1,356,000 shares at $219.72 and the second 10,000 shares at $220.42, each a weighted average price, which the footnotes give as ranging from $219.40 to $220.35 for the first line and from $220.41 to $220.48 for the second.10,15,16,17,18
The form's Rule 10b5-1 box, which would mark a sale made under a trading plan set up in advance, is not ticked. That box covers the form as a whole and does not say whether any one line was under a plan.19,20,21
In the 12 months to the end of Sep 22, 2026, counting what we held by the end of Oct 13, 2026, 9 Form 4s whose first reporting owner is Stevens report open-market sales worth $1.56 billion. Across the insiders of NVIDIA, a hardware company listed as NASDAQ: NVDA, 44 Form 4s in the same window report open-market sales worth $2.31 billion, and 0 report open-market purchases.22,23,24,25,26,27,28
Our records hold no Form 4/A of this filing that passed our checks, so its lines are as first filed. Holdings that the form reports without a transaction are not read.29,30
How each figure was checked
- who signed the formTina Ashcraft, Attorney-in-Fact for Mark A. Stevens
- the owner's relationship to the companydirector
- the shares sold1,366,000
- the day of the tradeSep 18, 2026
- the side of the tradesale
- the value sold$300.15 million
- the average price$219.73
- the day the form was filedSep 22, 2026
- the reporting owner as filedSTEVENS MARK A
- how the shares were held2 sale lines held indirectly (By Trust)
- line 1 holdingthe shares of this line are held indirectly (By Trust)
- line 2 holdingthe shares of this line are held indirectly (By Trust)
- footnote F2: the trust and its trusteesHeld by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees.Footnotes of the Form 4 filed Sep 22, 2026 ↗
- the shares after the last sale lineafter the last sale line the form states 970531 shares of Common Stock held indirectly (By Trust)
- sale line 1sale (code S): 1,356,000 shares disposed on Sep 18, 2026 at $219.7219 per share; held indirectly (By Trust); 980,531 owned after the line
- sale line 2sale (code S): 10,000 shares disposed on Sep 18, 2026 at $220.4199 per share; held indirectly (By Trust); 970,531 owned after the line
- footnote F1: price range of line 1$219.40; $220.35Footnotes of the Form 4 filed Sep 22, 2026 ↗
- footnote F3: price range of line 2$220.41; $220.48Footnotes of the Form 4 filed Sep 22, 2026 ↗
- the Rule 10b5-1 boxnot ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 plan
- line 1 boxnot ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 plan; the box covers the form as a whole and does not say whether this line was under a plan
- line 2 boxnot ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 plan; the box covers the form as a whole and does not say whether this line was under a plan
- the owner's 12-month sale filings9 filings with open-market sales reported on Form 4s whose first reporting owner is Mark A. Stevens (filed as STEVENS MARK A), in the 12 months to the end of Sep 22, 2026 (UTC), counting what we held by the end of Oct 13, 2026 (UTC); every line in it is held indirectly (through a firm, a trust or a fund: the holder's trade, which the form reports)
- the owner's 12-month sales$1.56 billion of open-market sales reported on Form 4s whose first reporting owner is Mark A. Stevens (filed as STEVENS MARK A), in the 12 months to the end of Sep 22, 2026 (UTC), counting what we held by the end of Oct 13, 2026 (UTC); every line in it is held indirectly (through a firm, a trust or a fund: the holder's trade, which the form reports)
- NVIDIA kind of companyhardware
- NVIDIA listingNASDAQ: NVDA
- NVIDIA insiders 12-month sale filings44 filings with open-market sales in the 12 months to the end of Sep 22, 2026 (UTC), counting what we held by the end of Oct 13, 2026 (UTC)
- NVIDIA insiders 12-month sales$2.31 billion of open-market sales in the 12 months to the end of Sep 22, 2026 (UTC), counting what we held by the end of Oct 13, 2026 (UTC)
- NVIDIA insiders 12-month purchase filings0 filings with open-market purchases in the 12 months to the end of Sep 22, 2026 (UTC), counting what we held by the end of Oct 13, 2026 (UTC)
- amendmentsOur records hold no Form 4/A of this filing that passed our checks, so its lines are as first filed.
- what our record of a Form 4 holdsOur record of a Form 4 holds, for each reporting owner, the name and relationship to the company; for each transaction line, the date, the transaction code, the shares, the price, the shares owned after it and whether they are held directly or indirectly; the Rule 10b5-1 box; and the form's footnotes and remarks, where the `footnotes` fact does not say we have not read them. Holdings the form reports without a transaction are not read.
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The record
- Issuer
- NVIDIA (CIK 1045810, filed as NVIDIA CORP)
- Form
- 4
- Accession
- 0001199039-26-000016
- Filed
- Sep 22, 2026
- Period of report
- Sep 18, 2026
- Reporting owner
- Mark A. Stevens (CIK 1199039, filed as STEVENS MARK A)
- Relationship
- director
- Rule 10b5-1 checkbox
- Not ticked
- Line 1
- S (sale) · 1,356,000 Common Stock at $219.7219 · Sep 18, 2026 · disposed, indirectly, By Trust · 980,531 held after · footnotes F1 and F2
- Line 2
- S (sale) · 10,000 Common Stock at $220.4199 · Sep 18, 2026 · disposed, indirectly, By Trust · 970,531 held after · footnotes F2 and F3
- Footnote F1
- Represents weighted average sales price. The shares were sold at prices ranging from $219.40 to $220.35. The Reporting Person will provide upon request, to the Securities and Exchange Commission (the "SEC"), the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- Footnote F2
- Held by the Third Millennium Trust, of which the Reporting Person and his wife are co-trustees.
- Footnote F3
- Represents weighted average sales price. The shares were sold at prices ranging from $220.41 to $220.48. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- Footnote F4
- Held by the Envy Trust u/a/d December 7, 2021, of which the Reporting Person is trustee.
Insider purchases and sales of NVIDIA shares, 12 months
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