Two NVIDIA executives have sold their shares of the semiconductor and AI technology company’s common stock, NVDA, for approximately $44.4 million. These sales were executed on December 19, under a pre-arranged trading plan that allowed insiders to trade the stock without owning material non-public information.
NVIDIA director Mark Stevens sold 222,500 shares for approximately $40 million, while his colleague and the firm’s principal accounting officer, Donald Robertson Jr., sold 24,990 shares of NVDA common stock for roughly $4.4 million.
NVIDIA Executives Sell Shares Under Pre-Arranged Agreement, Netting $44.4 Million in Proceeds
The shares were sold at a weighted average price of $180.16, with individual sales occurring at prices ranging from $179.96 to $180.50. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted by the company in September, which allowed insiders to trade shares.
A Rule 10b5-1 trading plan is a written agreement between a corporate insider, such as an officer, director, or large shareholder, and a broker that establishes predetermined trading instructions for the company’s stock. It is designed to allow employees to buy or sell securities while complying with insider trading laws. The plan must be established when the individual does not possess material nonpublic information (MNPI) about the company or its securities.
Stevens continues to indirectly hold 7.621 million shares ($1.31 billion) through a trust, while directly holding 11.543 million shares ($2.05 billion). An additional 15.017 million NVDA shares ($2.74 billion) are held through the Envy Trust. According to a Form-4 filing with the U.S. Securities and Exchange Commission (SEC) on Monday, he was also gifted 258,650 shares ($47.32 millon) on December 18. The company clarified that the shares were gifted without consideration.
This sale is part of a series of recent transactions by the Nvidia director. On December 5, Stevens sold 350,000 shares at an average price of $181.73, generating $63.60 million in net proceeds. Before that, he netted $88.6 million and $61.7 million in separate hauls during September, reflecting ongoing activity in his company stake.
Meanwhile, Robertson now directly owns 426,860 shares ($78.10 million) in the AI and semiconductor giant. The latest sale adds to a series of previous transactions by the principal accounting officer, including those in June 2024, September 2024, March 2025, and December 2025. All these sales were conducted under pre-arranged plans.
Analysts Grant “Excellent” and “Strong Buy” Scores for NVDA, as NVIDIA Reports 65% Yearly Growth
Despite these sales, analysts suggest that NVDA is trading near its Fair Value, with Investing.com giving the stock an “Excellent” financial health score. NVIDIA, valued at $4.4 trillion, maintains a P/E ratio of 45.37 and has reported impressive revenue growth of 65.22% over the past year.
Tigress Financial raised its price target for NVDA to $350 with a “Strong Buy” rating, citing the company’s leadership in artificial intelligence and its growing influence in sectors like autonomous driving and healthcare. Bernstein SocGen Group gave the stock an “Outperform” rating, setting a $275 price target, suggesting that the stock’s performance is relative to the broader semiconductor sector.
NVIDIA is making significant infrastructure developments. The company is reportedly planning to build one of its largest server farms in Israel. This expansion aligns with the company’s ongoing efforts to strengthen its capabilities and reflects the competitive dynamics of the AI sector.
NVIDIA Corporation (NASDAQ: NVDA) closed Monday’s trading session at $183.69 – up 0.38% for the day.
