The cluster includes the CFO and GC selling concurrently with a director unloading ~$300M. While the dollar value is small relative to NVDA's market cap, the breadth of senior insider selling is unusual. Monitor for any upcoming earnings pre-announcement or material change in business conditions.
Price Chart
Executive Summary
Three NVDA insiders sold a total of ~$7.38M in open-market sales over a 5-day window, including the CFO and General Counsel. Director Mark Stevens also sold ~$300M in two trades on 9/18, making this a massive cluster of insider selling. While some sales may be routine diversification, the size and breadth (CFO, GC, Director) warrant attention.
Key Financial Metrics
Key Facts
- Director Mark A. Stevens sold ~$300M in open-market sales on 9/18 (1.366M shares at ~$220).
- CFO Colette Kress sold ~$7.65M in three open-market trades on 9/17.
- EVP & General Counsel Timothy S. Teter sold ~$3.01M on 9/21.
- Total open-market selling by insiders (excluding CEO gift) = ~$310M.
- CEO Jensen Huang gifted 438,000 shares (non-cash, $0 value) on 9/17.
Financial Impact
~$310M in open-market insider sales over 5 days; ~0.03% of NVDA's ~$1T market cap — modest relative to market cap but large in absolute terms and broad across senior leadership.
Risk Factors
- Insider selling may signal lack of confidence in near-term stock performance or upcoming headwinds.
- CEO's large gift could precede additional selling or estate planning, but is non-cash and not a direct signal.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NVDA-1790197039663 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | Insider Cluster | $224.58 | awaiting T+60 | — | $216.00 (+3.82%) |
Sep 22, 2026 4w ago | Insider Cluster | $225.51 | awaiting T+60 | — | $216.00 (−4.22%) |
Sep 21, 2026 5w ago | 144 | $228.87 | awaiting T+60 | — | $216.00 (−5.62%) |
Sep 16, 2026 5w ago | Court Ruling | $219.34 | awaiting T+60 | — | $216.00 (−1.52%) |
Sep 10, 2026 6w ago | ANALYST-UPGRADE | — | awaiting T+60 | — | — |
Sep 8, 2026 6w ago | Insider Cluster | $223.67 | awaiting T+60 | — | $216.00 (−3.43%) |
Sep 3, 2026 7w ago | 3 | $230.36 | awaiting T+60 | — | $216.00 (−6.23%) |
Sep 3, 2026 7w ago | 8-K | $228.45 | awaiting T+60 | — | $216.00 (−5.45%) |
Sep 2, 2026 7w ago | Insider Cluster | $228.45 | awaiting T+60 | — | $216.00 (−5.45%) |
Sep 2, 2026 7w ago | Insider Cluster | $228.45 | awaiting T+60 | — | $216.00 (−5.45%) |
US Market Status
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