Nvidia insider files to sell 5 million shares worth $1.09 billion

  • Mark Stevens filed to sell 5 million Nvidia Class A shares.
  • 5 million shares were valued at about $1.09 billion in the notice.
  • Nvidia closed at $224.41 Wednesday, up 3.21% from the previous session.

Nvidia board member Mark Stevens filed a Form 144 notice with the SEC on Sept. 2 to sell 5 million Class A shares valued at about $1.09 billion. The filing names Merrill Lynch as broker and Nasdaq as the trading venue, and identifies the 3rd Millennium Trust and the 970 Foundation as entities through which Stevens holds the stock. His disclosed sales since June approach $1.5 billion, although Form 144 indicates an intention to sell rather than a completed transaction, and directors often trade under prearranged plans. Nvidia shares gained 3.21% to close at $224.41 on Wednesday, rose another 0.56% overnight to $225.63, and are up 13.5% over the past month. Market attention has shifted to a reported $12.9 billion acquisition of Hugging Face, which Business Insider said had not yet been agreed or signed; neither company has confirmed the discussions. Hugging Face hosts open-source AI models and datasets, and the companies already cooperate through an open AI security alliance. Crypto traders also monitor Nvidia because AI tokens have repeatedly tracked the chipmaker's results. Whether the trust completes the full sale is expected to become clear within days, while the pace of Stevens' disposals gives skeptics of the best AI stocks of 2026 a fresh talking point.

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