NVIDIA Director Dumps $411M as Gates Backs Waste Giant

An NVIDIA board member filed a massive stock sale this week. Independent Director Mark Stevens disclosed selling over 1.84 million shares across seven transactions. The filings, reported September 2, show trades totalling $411 million between August 31 and September 2.

Stevens' sales came in rapid succession. Single-day transactions ran as high as $98 million. NVIDIA shares have surged in 2026, making this one of the largest individual insider sell clusters seen at the chip giant in recent months. There is no indication these were discretionary trades — the pattern and pace suggest a pre-arranged 10b5-1 plan, which is a weaker signal than an open-market decision to sell.

On the buying side, Bill Gates filed purchases in Republic Services totalling $122 million. Gates, a major shareholder in the waste-management firm, picked up over 552,000 shares across seven trades between August 28 and August 31. Filings were reported September 1. This is a notable accumulation in a defensive, inflation-linked business — and it comes from one of the largest known individual holders.

Elsewhere, Elastic founder and CTO Shay Banon filed a $10.4 million sale of company stock on September 2. The trade covered 108,000 shares at roughly $96 each.

This is not financial advice.