Nvidia board member files to sell $1.09 billion in shares

Nvidia board member Mark Stevens filed to sell 5 million Class A shares worth about $1.09 billion. The Form 144 notice reached the US Securities and Exchange Commission on Sept. 2. The notice names Merrill Lynch as the broker. The notice names Nasdaq as the venue. Stevens holds the stock through the 3rd Millennium Trust. Stevens also holds the stock through the 970 Foundation. Stevens sold 500,000 shares on June 4. That sale was worth $109.9 million. Stevens sold another 885,000 shares two weeks later. That sale raised $186 million. Stevens sold 585,000 shares on Aug. 31. Those shares were worth $128.9 million. Stevens sold 63,501 shares on Sept. 1. Those shares were worth $14 million. His disposals since June approach $1.5 billion. A Form 144 flags an intention to sell rather than a completed trade. The full 5 million shares may never reach the market. Nvidia closed at $224.41 on Wednesday. Nvidia was up 3.21% from the previous session. Shares rose to $225.63 overnight. Shares gained 0.56% overnight. Shares advanced 13.5% over the past month. A reported $12.9 billion takeover of Hugging Face drew attention. Business Insider said Nvidia and Hugging Face had not yet signed an agreement. Neither company has confirmed the talks. Nvidia and Hugging Face already cooperate through an open AI security alliance. Hugging Face rejected a $500 million Nvidia investment in 2025 because of concerns about one dominant backer. AI tokens have repeatedly tracked Nvidia's results. The pace of Stevens' selling gave skeptics of the best AI stocks of 2026 a talking point. The trust's completion of the full sale could become clear within days.