TREE NEWS reports: Nvidia board director Mark Stevens sold nearly $1 billion of the company’s shares across three tranches in the third quarter of 2026, making him one of the largest insider sellers in the US AI sector, SEC filings show. The sales ran from Aug. 31 to Sept. 2 at $220–$226 a share for $411 million, Sept. 3–4 at $227–$234 for about $236 million, and Sept. 18 at roughly $220 for about $300 million. Stevens, a director from 1993 to 2006 who later rejoined the board, still holds a large Nvidia stake.
Nvidia Director Mark Stevens Sold Nearly $1B in Stock in Q3 Without Pre-Arranged Plan
AI take
The absence of a pre-arranged trading plan is the detail that carries weight here: 10b5-1 plans are the standard shield against timing-related scrutiny, and selling nearly $1 billion in three tranches without one invites a different set of questions about intent and information. Scale matters too — a director ranked among the largest insider sellers in the US AI sector is a signal worth noting even when the seller retains a large stake. Whether other insiders follow with similar discretionary sales is the open question.
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