Aarti S. Shah, a director at NVIDIA Corporation (NASDAQ: NVDA), has filed a notice with the Securities and Exchange Commission (SEC) to sell 20,000 shares of the company’s common stock under Rule 144.
According to the Form 144 filing, submitted on March 20, 2025, Shah plans to sell the shares through Charles Schwab & Co., Inc. The sale is valued at approximately $2.37 million, based on the company’s market price at the time of filing. The shares, acquired through an equity compensation plan, became unrestricted following a restricted stock lapse on March 19, 2025.
Shah, who serves on NVIDIA’s board, is executing the sale under a pre-established Rule 10b5-1 trading plan adopted on November 25, 2024. This rule allows company insiders to sell shares in compliance with SEC regulations, preventing transactions based on non-public material information.
NVIDIA, a leading semiconductor and AI company, has seen significant stock performance amid continued demand for its GPU and AI-driven technologies.