A. Brooke Seawell, a director at NVIDIA Corporation, has filed to sell 49,131 shares of company stock with an estimated market value of approximately $8 million.
The transaction is scheduled for July 10, according to a Form 144 filed with the U.S. Securities and Exchange Commission.
The shares were acquired through stock options dated August 12, 2004, and exercised through a cash payment. The sale will be executed through Rockefeller Capital Management and is being made from the Rosemary and A. Brooke Seawell Revocable Trust.
The planned sale is part of a Rule 10b5-1 trading plan adopted on March 19. The filing confirms that Seawell was not in possession of any material non-public information at the time the plan was set.
This is the twelfth stock sale from the trust over the past month. Since June 20, the trust has executed trades on consecutive market days, consistently selling blocks of shares around the same value, each in the range of $7.9 million to $8 million. The sale on July 10 follows the same pattern and volume as the filing reported the day before.
The form was signed by a representative of National Financial Services LLC, acting as attorney-in-fact for Seawell.