NVIDIA board director Mark Stevens filed disclosures on September 2 revealing he sold approximately $411 million in stock over three days. The trades spanned August 31 through September 2. Stevens offloaded roughly 1.79 million shares at prices between $220 and $226. NVIDIA's market cap sits above $5.4 trillion.
The selling was split across multiple tranches. The largest single sale was $98.5 million on August 31. Four further transactions followed on September 2, each worth $66–68 million. It is not yet confirmed whether the sales were made under a pre-arranged 10b5-1 trading plan. Discretionary sales of this size carry far stronger signal than planned disposals.
Elsewhere, Singapore-based fund Caladium Investment — a 5% owner of Indian EV maker Ather Energy — filed to show it sold $204 million in shares on August 28. JPMorgan also disclosed a $152 million reduction in its WuXi AppTec stake, filed August 28.
The NVIDIA sales are the most notable given the sheer size and the company's dominance in AI chip supply. Short interest in NVDA remains low at just 1.3% of free float, suggesting bears are not piling in despite the director sales.
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