NVIDIA General Counsel Sells $6.54M in Planned 10b5-1 Trade
NVIDIA CORP
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Filing Summary
NVIDIA General Counsel Sells $6.54M in Planned 10b5-1 Trade
Company: NVIDIA CORP (NVDA)
Form: 4 | Filed: 2026-09-02
Significance: Low
Insider: Timothy S. Teter Title: EVP, General Counsel and Sec | Relationship: Officer
Transaction: • Type: Sale (Rule 10b5-1) • Shares: 30,000 • Price: ~$217.88 (weighted average) • Value: $6,536,515 • Owned After: 3,022,096 shares (Direct + Indirect Trust)
Key Insight: Routine, planned disposition under a Rule 10b5-1 trading plan established in May 2026, representing less than 1% of the insider's total equity holdings and a negligible fraction of NVIDIA's market cap.
Market Context: Transaction executed across three tranches on August 31, 2026, within standard pre-established executive diversification parameters.
Comprehensive Analysis
SEC Filing Analysis: NVIDIA CORP (NVDA)
Executive Summary
- Trading Significance: Low
- Key Takeaway: EVP and General Counsel Timothy S. Teter sold 30,000 shares totaling approximately $6.54M pursuant to a pre-scheduled Rule 10b5-1 trading plan.
- Market Impact: Neutral; the transaction is negligible relative to NVIDIA's $5.24T market capitalization and represents under 1% of the insider's holdings.
Company Information
| Field | Value |
|---|---|
| Company | NVIDIA CORP |
| Ticker Symbol | NVDA |
| CIK | 0001045810 |
| Industry | Semiconductors & Related Devices [3674] |
Insider Information
| Field | Value |
|---|---|
| Name | Teter Timothy S. |
| CIK | 0001696841 |
| Title/Position | EVP, General Counsel and Sec |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-08-31 |
| Transaction Code | S (Open market sale) |
| Security Type | Common Stock |
| Shares Involved | 30,000 |
| Price Per Share | ~$217.88 (Weighted Average: $216.84 - $218.53) |
| Total Value | $6,536,514.94 |
| Shares Owned After | 3,022,096 (2,687,660 Indirect + 334,436 Direct) |
| Ownership Type | Indirect (By Trust) |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $6,536,514.94 |
| % of Market Cap | 0.000125% |
| Shares Transacted | 30,000 |
| % of Shares Outstanding | 0.000124% |
| Post-Transaction Ownership | 3,022,096 shares (0.0125% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: In the context of NVIDIA's mega-cap valuation ($5,235.48B), a $6.54M disposition is standard executive compensation liquidity and has no statistical impact on the float.
- Ownership Concentration: Mr. Teter retains substantial equity exposure with over 3.02 million shares (~$658M in value), with this sale representing only 0.98% of his total reported position.
- Dilution Impact: None; open-market disposition of existing shares.
- Transaction Significance: Low significance given the use of a Rule 10b5-1 plan and the small fraction of insider ownership liquidated.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The disposition was scheduled in advance via a Rule 10b5-1 plan adopted on May 22, 2026, and represents a fraction of daily trading volume.
Volume & Sentiment
- Expected Volume Impact: Negligible; 30,000 shares is immaterial against NVDA's regular daily liquidity.
- Sentiment Indicator: Neutral
Additional Context
Transaction Notes
- Timing: Executed on August 31, 2026 across weighted price brackets of $216.84, $217.95, and $218.53.
- Special Circumstances: Conducted under a Rule 10b5-1 trading plan established on May 22, 2026.
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