Puri Ajay K 4

What Happened
Ajay K. Puri, NVIDIA’s Executive Vice President, Worldwide Field Operations, sold 300,000 shares in open-market transactions on March 10, 2026 for total proceeds of approximately $54.76M (275,060 shares at $182.47 = $50,189,180; 24,940 shares at $183.11 = $4,566,863). The filing also reports a grant of 47,048 restricted stock units (RSUs) on March 9, 2026 (awarded for no consideration).

Key Details

• Sale dates and prices: March 10, 2026 — 275,060 shares at a weighted avg $182.47 (range $182.03–$183.02); 24,940 shares at weighted avg $183.11 (range $183.03–$183.28). Total proceeds ≈ $54,756,043.
• Grant: 47,048 RSUs awarded March 9, 2026 (no cash paid). Vesting: 6.25% on June 17, 2026 and 6.25% every three months thereafter, fully vesting ~4 years from grant (see footnote).
• Plan/authority: Sales were effected under a Rule 10b5-1 trading plan adopted Sept 19, 2025.
• Holdings: Some sold shares were held in trusts (Ajay K. Puri Revocable Trust and The Puri 2019 Irrevocable Children's Trust); Mr. Puri is trustee and disclaims beneficial ownership of the irrevocable trust shares except to the extent of any pecuniary interest.
• Filing timeliness: No late filing is indicated in the provided report.

Context

• The sales were executed under a pre-established 10b5-1 plan, which is a common mechanism for insiders to sell shares according to preset parameters and does not, by itself, indicate a change in insider sentiment.
• The RSU award vests over time (quarterly after June 17, 2026) and was granted for no consideration—this is a typical form of executive compensation rather than an immediate purchase.