Director Dumps $411M in NVDA; Gates Buys Big

NVIDIA board director Mark Stevens filed this week disclosing he sold over 1.8 million shares between August 31 and September 2. The total value reached $411 million. Stevens received roughly $220–$226 per share across the three-day window.

The filing is dated September 2, making the information newly public. No 10b5-1 pre-planned sale flag was noted in the data, which gives this trade more weight than a routine programmatic disposal. Stevens holds the title of Independent Director at NVIDIA. The sales arrived as NVDA trades at elevated levels.

While Stevens was selling, billionaire Bill Gates was busy buying. Gates filed on September 3 disclosing purchases of over 1 million shares in Republic Services, the waste-management giant. The total spend came to roughly $241 million across trades between August 28 and September 2. Gates paid between $221 and $224 per share. This is a notable accumulation in a defensive, cash-generative business.

Elsewhere, Viva China Holdings — the controlling vehicle of Li Ning Company founder Li Ning himself — filed this week disclosing it bought nearly 94 million shares in Li Ning over the period August 27 to September 3. The total value topped $160 million. This is a strong signal. The founder buying aggressively in his own Hong Kong-listed sportswear company at current prices is a direct vote of confidence.

Three stories, three very different messages: an NVDA director cashing out at the top, a billionaire quietly building a waste-sector position, and a founder backing himself.