TLDR
- Nvidia stock was down about 0.5% in Wednesday premarket trading near $227.80.
- Director Mark Stevens sold 1.366 million Nvidia stocks worth about $300.2 million.
- His disclosed Nvidia sales since August 31 now total roughly $946.6 million.
- Stevens still holds a large position through direct ownership and trusts.
- The filings disclose the transactions but do not state why he sold.
Nvidia (NVDA) stock was down about 0.5% in Wednesday premarket trading near $227.80 after closing Tuesday at $228.87. NVDA gained 0.7% Tuesday and remains close to its 52-week high of $236.54.
The latest investor focus is another large stock sale by Nvidia director Mark Stevens. Stevens sold 1.366 million Nvidia stocks on September 18 for total proceeds of roughly $300.15 million.
Most of the transaction involved 1.356 million stocks sold at a weighted-average price of $219.72. Another 10,000 were sold at an average price of $220.42.
Stevens Has Sold Nearly $947 Million
The latest sale follows two other large disposals disclosed this month. Stevens previously sold about $410.8 million of Nvidia stock in transactions beginning August 31 and another roughly $235.6 million in early September.
That brings his disclosed Nvidia sales since August 31 to approximately $946.6 million. The earlier SEC filings confirm that Stevens is an Nvidia director and show a series of transactions conducted across multiple trading days.
The September 18 sale came from the Third Millennium Trust, where Stevens and his wife serve as co-trustees. Following the transaction, that trust held about 970,531 Nvidia stocks.
Stevens still has substantial exposure to Nvidia. He separately reported around 11.54 million stocks held directly and another 15.02 million through the Envy Trust.
That remaining ownership is important context because the latest transaction represents only part of his total Nvidia position. The reported sale accounted for roughly 4.7% of his disclosed pre-transaction holdings.
The regulatory filings document the size, price and ownership structure of the transactions. They do not provide a reason for Stevens’ decision to sell, so the disposals should not automatically be interpreted as a view on Nvidia’s future performance.
Nvidia Stock Remains Near Recent Highs
The insider sales have occurred while Nvidia stock has been trading close to record territory. NVDA closed at $228.87 Tuesday, compared with a 52-week high of $236.54.
The stock has also recovered strongly from its late-August decline. NVDA closed at $217.55 on August 28 before climbing back above $228 by September 22.
Large insider sales can attract attention because investors often watch executive and director transactions for clues about valuation. However, insiders may sell for many reasons, including diversification, taxes or personal financial planning, and the filings do not identify Stevens’ motivation.
The main investor risks for Nvidia remain broader than one director’s trading activity. They include the sustainability of AI infrastructure spending, competition, export restrictions, customer concentration and the valuation attached to continued rapid growth.
Stevens’ repeated sales could still create some short-term concern simply because of their size. Almost $1 billion of disclosed selling in less than a month is large in absolute terms, even for a company with a market value above $5 trillion.
For now, the latest transaction has produced only a modest market reaction. Nvidia was trading around $227.80 Wednesday premarket, with investors awaiting any further insider disclosures that show whether Stevens continues reducing his position.
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