Nvidia director Mark Stevens sells another $300M in shares

Nvidia NVDA director Mark Stevens sold 1.366M shares of the chipmaker worth about $300.15M on September 18, according to its SEC filing.

The sale consisted of 1.356M shares sold at a weighted-average price of $219.72 and another 10,000 shares at a weighted-average price of $220.42. The shares were held through the Third Millennium Trust, of which Stevens and his wife are co-trustees.

Following the transactions, the trust held about 970,531 Nvidia NVDA shares, while Stevens separately reported 11.54M shares held directly and 15.02M shares through the Envy Trust.

The latest disposal extends a series of large NVIDIA NVDA share sales by Stevens. He sold about $410.84M worth of shares in transactions reported September 2 and another $235.64M in sales reported September 8, according to earlier filings.

Including the latest sale, Stevens has disclosed about $946.63M in NVIDIA NVDA share sales since August 31. The September 18 sale accounted for about 4.7% of his presale reported equity position.