Additional information from his SEC filings can be found here. Got the CIK by going through the SEC filing link in the article. You can look at the trades he has made over time.
I know NVIDIA is hot right now, but this…? This pattern exists over multiple years and doesn’t appear to be a flash occurrence. The 10b5-1 plan is meant to help defend against insider trading accusations, so not having one is interesting but not immediately an indication of corruption.
This feels more like headlines working to drum up engagement than anything based on facts.
It was literally months ago, too. Like, starting in August… after the price went up.
The first two stock sales in late August and early September followed a robust Q2 earnings report that caused Nvidia shares to jump about 10% in valuein the following week.
Whoa he sold it when it jumped in price?! Suspiiiiiiciooooous 👻
This is literally what you should do to make money? Sell some when the stock is up.
Stevens still holds about 27.5 million shares in Nvidia, a colossal position.
Anyone saying this is definitely “insider trading” have no idea what they’re talking about.
The article doesn’t say its definitive either. They cover with “this isn’t in and of itself a red flag” but by building the links they are, it makes it seem more nefarious than it is. Just finding ways to get clicks and make people upset.
There is plenty of deserving criticism and ire to direct at billionaires but I don’t think this instance warrants those things based on the facts we have.
Pure coincidence no doubt
At this point the tech aristocracy can do whatever, there is no consequence
You say that, but Jeffries and Schumer will be launching a scaldingly, strongly-worded denouncement any day now.
Release the waggling fingerrrr!!!
Investigate. See which countries object.
A journalist probably asked someone for a quote, people talks, everyone go scared and this guy sold off. Classic insider trading.
Prearranged trading plans are used by executives to buy or sell shares of their firm on specific dates or target prices. It’s a mechanism to wall off company employees from insider trading accusations as long as they stick to the automatic plan. The SEC first instituted the practice in 2000 and modified it in 2022 to include a 90-day waiting period for starting trades. In some cases, the plans were abused by executives in instances like executing share sales just before an earnings report.
Yeah but corporate crime is legal now so I doubt much is coming from this.
