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NVIDIA (NVDA) legal chief granted 98,328 performance-based stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NVIDIA CORP executive Timothy S. Teter reported stock awards that increased his holdings. On March 2, 2026, he acquired 57,488 shares of common stock earned from a performance-based award that vests 25% on March 18, 2026 and 6.25% every three months until roughly four years after grant.

On the same date, he acquired an additional 40,840 restricted stock units received for no cash consideration, earned over a performance period ending January 25, 2026 and scheduled to vest 100% on March 18, 2026. Following these acquisitions, he directly owned 477,747 shares and indirectly held 2,629,549 shares through The Horne Teter Family Living Trust, where he serves as trustee.

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Insider Teter Timothy S.
Role EVP, General Counsel and Sec
Type Security Shares Price Value
Grant/Award Common Stock 57,488 $0.00 --
Grant/Award Common Stock 40,840 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 436,907 shares (Direct); Common Stock — 2,629,549 shares (Indirect, The Horne Teter Family Living Trust, dated February 1, 2019)
Footnotes (1)
  1. Represents the number of shares earned based on the achievement of a pre-established operating plan performance goal during the Issuer's fiscal year ended January 25, 2026. The shares earned will vest as to 25% on March 18, 2026 and as to 6.25% of the shares every three months thereafter, such that the shares are fully vested on approximately the four (4) year anniversary of the date of grant. The shares represent restricted stock units that were received as an award, for no consideration. Includes 219 shares purchased pursuant to the Issuer's Employee Stock Purchase Plan on February 27, 2026. Represents the number of shares earned based on achievement of a pre-established performance goal from January 30, 2023 through January 25, 2026. The shares earned will vest as to 100% on March 18, 2026, such that the shares will be fully vested on approximately the three (3) year anniversary of the date of grant. Shares held by The Horne Teter Family Living Trust, dated 02/01/2019, of which the Reporting Person is trustee.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Teter Timothy S.

(Last) (First) (Middle)
C/O NVIDIA CORPORATION
2788 SAN TOMAS EXPRESSWAY

(Street)
SANTA CLARA CA 95051

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NVIDIA CORP [ NVDA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, General Counsel and Sec
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2026 A 57,488(1) A $0(2) 436,907(3) D
Common Stock 03/02/2026 A 40,840(4) A $0(2) 477,747 D
Common Stock 2,629,549 I The Horne Teter Family Living Trust, dated February 1, 2019(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the number of shares earned based on the achievement of a pre-established operating plan performance goal during the Issuer's fiscal year ended January 25, 2026. The shares earned will vest as to 25% on March 18, 2026 and as to 6.25% of the shares every three months thereafter, such that the shares are fully vested on approximately the four (4) year anniversary of the date of grant.
2. The shares represent restricted stock units that were received as an award, for no consideration.
3. Includes 219 shares purchased pursuant to the Issuer's Employee Stock Purchase Plan on February 27, 2026.
4. Represents the number of shares earned based on achievement of a pre-established performance goal from January 30, 2023 through January 25, 2026. The shares earned will vest as to 100% on March 18, 2026, such that the shares will be fully vested on approximately the three (3) year anniversary of the date of grant.
5. Shares held by The Horne Teter Family Living Trust, dated 02/01/2019, of which the Reporting Person is trustee.
Remarks:
/s/ Tina Ashcraft, Attorney-in-Fact for Timothy S. Teter 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did NVIDIA (NVDA) executive Timothy S. Teter report in this Form 4?

Timothy S. Teter reported acquiring two performance-based stock awards totaling 98,328 NVIDIA shares. These awards were earned based on pre-set performance goals and increase his direct ownership without any open-market share purchases.

How many NVIDIA (NVDA) shares did Timothy S. Teter acquire and on what date?

On March 2, 2026, Timothy S. Teter acquired 57,488 and 40,840 NVIDIA common shares through earned stock awards. Both awards were granted at $0.00 per share as equity compensation rather than cash purchases.

How do the new NVIDIA (NVDA) awards to Timothy S. Teter vest over time?

One award of 57,488 shares vests 25% on March 18, 2026 and 6.25% quarterly for about four years. The other award of 40,840 shares vests 100% on March 18, 2026, roughly three years after its grant date.

Did Timothy S. Teter pay cash for the NVIDIA (NVDA) shares reported?

No, the filing states the shares were received as restricted stock unit awards for no consideration. They were earned based on NVIDIA’s pre-established performance goals rather than open-market purchases at a cash price per share.

What are Timothy S. Teter’s total NVIDIA (NVDA) share holdings after these awards?

After the reported awards, Timothy S. Teter directly owned 477,747 NVIDIA shares. He also indirectly held 2,629,549 shares through The Horne Teter Family Living Trust, where he is trustee with authority over those shares.

What role does the Horne Teter Family Living Trust play in NVIDIA (NVDA) ownership?

The trust holds 2,629,549 NVIDIA shares indirectly attributed to Timothy S. Teter. The filing notes these shares are held by The Horne Teter Family Living Trust, dated February 1, 2019, for which he serves as trustee.