STEVENS MARK A 4

What Happened
Mark A. Stevens, a director of NVIDIA Corp., sold a total of 221,682 NVDA shares in two open-market transactions on March 20, 2026. He sold 100,000 shares at a weighted average price of $172.61 (proceeds $17,260,680) and 121,682 shares at a weighted average price of $174.57 (proceeds $21,241,844), for total proceeds of $38,502,524. These were sales (dispositions), which are often routine portfolio or trust transactions rather than a definitive signal about company outlook.

Key Details

• Transaction dates: 2026-03-20 (both tranches). Filing date: 2026-03-24 (filed late).
• Prices reported: $172.61 (100,000 shares; range $172.600–$172.630 per F1) and $174.57 (121,682 shares; range $174.310–$175.005 per F3).
• Total shares sold: 221,682; total proceeds: $38,502,524.
• Holdings after transaction: Not specified in the information provided in this summary/filing excerpt.
• Notable footnotes: F2 indicates some shares are held by the Third Millennium Trust (co-trustees: Stevens and spouse); F4 indicates holdings in the Envy Trust (Stevens is trustee). F1 and F3 note weighted-average sale prices and provide price ranges; full breakdown by price available upon request to the SEC.
• Timeliness: The Form 4 was filed 4 days after the trades (transaction timeliness flagged late). Late filings delay disclosure of insider activity to investors.

Context
Sales by directors can be for many non-informational reasons (trust management, tax/liquidity needs, diversification). This filing documents the disposition only; it does not explain the motivation. For retail investors, purchases typically carry clearer informational weight than routine sales.