Monitor for any Form 4 filings from CEO Jensen Huang or CFO Colette Kress — their trading patterns carry far more signal than director/GC sales. The cluster is too small relative to market cap to move the stock, but a sudden increase in C-suite selling would warrant attention. NVDA's Q3 guidance of $108B (+2% QoQ) remains the dominant catalyst.
Price Chart
Executive Summary
Two NVDA insiders (Director Mark Stevens and EVP/GC Timothy Teter) sold a combined ~$101.5M in open-market sales over a 7-day window ending Aug 31, 2026. This cluster follows a transformative Q2 earnings beat-and-raise (revenue $96.2B, +106% YoY) reported 8 days prior, making the sales likely liquidity-driven post-earnings rather than a bearish signal. At $5.4T market cap, the $101.5M represents ~0.002% of market cap — well below the 0.1% materiality threshold.
Key Financial Metrics
Key Facts
- Director Mark Stevens sold 1.55M shares across 6 trades totaling ~$397.8M over Aug 31–Sep 2
- EVP/GC Timothy Teter sold 29,999 shares across 3 trades totaling ~$6.5M on Aug 31
- Total cluster value of ~$404.3M represents ~0.007% of NVDA's $5.4T market cap
- Sales occurred 8 days after a massive Q2 beat-and-raise (revenue $96.2B, +106% YoY)
- No open-market purchases in the cluster — 100% selling by dollar value
- Stevens' sales are large in absolute terms but routine for a director at a mega-cap with a $5.4T market cap
Financial Impact
~$404.3M in insider sales over 3 days, representing ~0.007% of NVDA's $5.4T market cap
Risk Factors
- Insider selling could accelerate if the stock continues to rally post-earnings
- Director Stevens' sales are large in absolute terms and may attract media scrutiny
- No C-suite buying to offset the selling signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NVDA-1788411742755 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | ANALYST-UPGRADE | — | awaiting T+5 | — | — |
Sep 3, 2026 29d ago | 8-K | $228.45 $218.29 | ▼ −4.45% | ▼ −3.30% | $230.86 (+1.05%) |
Sep 3, 2026 29d ago | 3 | $228.45 $218.29 | ▼ −4.45% | ▼ −3.30% | $230.86 (+1.05%) |
Sep 2, 2026 4w ago | Insider Cluster | $224.41 $218.36 | ▼ −2.70% | ▼ −1.74% | $230.86 (+2.87%) |
Sep 2, 2026 4w ago | Insider Cluster | $224.41 $218.36 | ▼ −2.70% | ▼ −1.74% | $230.86 (+2.87%) |
Aug 31, 2026 4w ago | 144 | $220.78 $225.73 | ▲ +2.24% | ▲ +2.38% | $230.86 (+4.57%) |
Aug 26, 2026 5w ago | Press Release | $227.98 $228.45 | ▲ +0.21% | ▼ −0.06% | $230.86 (+1.26%) |
Aug 26, 2026 5w ago | Press Release | $227.98 $228.45 | ▲ +0.21% | ▼ −0.06% | $230.86 (+1.26%) |
Aug 26, 2026 5w ago | 8-K | $209.66 $224.41 | ▲ +7.04% | ▲ +7.16% | $230.86 (+10.11%) |
Aug 24, 2026 5w ago | Press Release | $208.48 $220.78 | ▲ +5.90% | ▲ +5.43% | $230.86 (+10.73%) |
US Market Status
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