One more longstanding Nvidia board member has cashed out of some of his holdings in the wake of the stock's stratospheric rally.
One more longstanding Nvidia Corp. board member has cashed out of some of his holdings in the wake of the stock’s stratospheric rally, though he remains a big stakeholder in the chip company.
Mark Stevens, who’s been on Nvidia’s NVDA board since 2008 and served a prior stint as a director from 1993 to 2006, unloaded 118,602 shares of Nvidia across Friday’s and Tuesday’s trading sessions, according to a Wednesday filing. He sold at prices ranging from $429.90 to $434.20, meaning that he pocketed just over $51 million from the sales, which were done with shares that he held indirectly in a trust with his wife.
Through his long history with Nvidia, Stevens has amassed a sizable chunk of the company’s stock, and he remains heavily invested in the company even after the recent sales.
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