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[Form 4] NVIDIA CORP Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

NVIDIA (NVDA) President and CEO Jen-Hsun (Jensen) Huang reported open-market stock sales under a pre-established Rule 10b5-1 trading plan adopted on March 20, 2025. The transactions occurred on 10/16/2025, 10/17/2025, and 10/20/2025 with trade code S (sale).

Each line item reflects a weighted average price with disclosed ranges: on 10/16 from $179.940 to $183.235, on 10/17 from $179.950 to $183.965, and on 10/20 from $181.755 to $185.110. Following the reported transactions, direct beneficial ownership stood at 70,108,203 shares. The filing also lists substantial indirect holdings through trusts and affiliated entities, each identified with its ownership structure.

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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).
X
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*
HUANG JEN HSUN

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/16/2025
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 10/16/2025 S(1) 12,216 D $180.5366(2) 70,320,987 D
Common Stock 10/16/2025 S(1) 28,874 D $181.5419(3) 70,292,113 D
Common Stock 10/16/2025 S(1) 31,274 D $182.3271(4) 70,260,839 D
Common Stock 10/16/2025 S(1) 2,636 D $183.0944(5) 70,258,203 D
Common Stock 10/17/2025 S(1) 9,795 D $180.6115(6) 70,248,408 D
Common Stock 10/17/2025 S(1) 13,328 D $181.4777(7) 70,235,080 D
Common Stock 10/17/2025 S(1) 28,863 D $182.422(8) 70,206,217 D
Common Stock 10/17/2025 S(1) 22,744 D $183.3671(9) 70,183,473 D
Common Stock 10/17/2025 S(1) 270 D $183.9567(10) 70,183,203 D
Common Stock 10/20/2025 S(1) 10,042 D $182.5389(11) 70,173,161 D
Common Stock 10/20/2025 S(1) 47,306 D $183.2928(12) 70,125,855 D
Common Stock 10/20/2025 S(1) 16,675 D $184.0229(13) 70,109,180 D
Common Stock 10/20/2025 S(1) 977 D $184.9179(14) 70,108,203 D
Common Stock 581,378,470 I By Trust(15)
Common Stock 49,489,560 I By Partnership(16)
Common Stock 22,280,000 I By Irrevocable Trust(17)
Common Stock 50,078,000 I By Irrevocable Remainder Trust(18)
Common Stock 29,512,185 I By Grantor Retained Annuity Trust 1(19)
Common Stock 29,512,185 I By Grantor Retained Annuity Trust 2(20)
Common Stock 10,000,000 I By Limited Liability Company 1(21)
Common Stock 10,000,000 I By Limited Liability Company 2(22)
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. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 20, 2025.
2. Represents weighted average sales price. The shares were sold at prices ranging from $179.940 to $180.930. The Reporting Person will provide upon request, to the Securities and Exchange Commission (the "SEC"), the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
3. Represents weighted average sales price. The shares were sold at prices ranging from $180.940 to $181.930. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
4. Represents weighted average sales price. The shares were sold at prices ranging from $181.940 to $182.920. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
5. Represents weighted average sales price. The shares were sold at prices ranging from $182.940 to $183.235. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
6. Represents weighted average sales price. The shares were sold at prices ranging from $179.950 to $180.940. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
7. Represents weighted average sales price. The shares were sold at prices ranging from $180.960 to $181.955. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
8. Represents weighted average sales price. The shares were sold at prices ranging from $181.960 to $182.940. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
9. Represents weighted average sales price. The shares were sold at prices ranging from $182.960 to $183.920. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
10. Represents weighted average sales price. The shares were sold at prices ranging from $183.940 to $183.965. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
11. Represents weighted average sales price. The shares were sold at prices ranging from $181.755 to $182.750. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
12. Represents weighted average sales price. The shares were sold at prices ranging from $182.755 to $183.750. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
13. Represents weighted average sales price. The shares were sold at prices ranging from $183.755 to $184.740. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
14. Represents weighted average sales price. The shares were sold at prices ranging from $184.760 to $185.110. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
15. The shares are held by Jen-Hsun Huang and Lori Huang, as co-trustees of the Jen-Hsun & Lori Huang Living Trust, u/a/d May 1, 1995 (the "Trust").
16. The shares are held by J. and L. Huang Investments, L.P., of which the Trust is the general partner.
17. The shares are held by The Huang 2012 Irrevocable Trust, of which the Reporting Person is a trustee.
18. The shares are held by The Huang Irrevocable Remainder Trust u/a/d February 19, 2016, of which the Reporting Person is a trustee.
19. The shares are held by The Lori Lynn Huang 2016 Annuity Trust II Agreement.
20. The shares are held by The Jen-Hsun Huang 2016 Annuity Trust II Agreement.
21. The shares are held by TARG S LLC, of which the Trust is the sole member.
22. The shares are held by TARG M LLC, of which the Trust is the sole member.
Remarks:
/s/ Rebecca Peters, Attorney-in-Fact for Jen-Hsun Huang 10/20/2025
** 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 insider transactions did NVDA report?

Jen-Hsun Huang reported multiple open-market sales (code S) on 10/16/2025, 10/17/2025, and 10/20/2025 under a Rule 10b5-1 plan.

Was the NVDA CEO’s trading under a Rule 10b5-1 plan?

Yes. The sales were made pursuant to a Rule 10b5-1 trading plan adopted on March 20, 2025.

What were the NVDA sale price ranges?

Weighted average price ranges: $179.940–$183.235 (10/16), $179.950–$183.965 (10/17), and $181.755–$185.110 (10/20).

How many NVDA shares does the CEO directly own after these trades?

Direct beneficial ownership following the reported transactions is 70,108,203 shares.

Does the filing disclose indirect NVDA holdings?

Yes. It lists significant indirect holdings via trusts and entities, each with the nature of ownership described.

Who signed the NVDA Form 4?

It was signed by /s/ Rebecca Peters, Attorney-in-Fact for Jen-Hsun Huang, dated 10/20/2025.
Nvidia Corporation

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