A. Brooke Seawell, a director at NVIDIA Corporation, filed to sell 48,971 shares of company stock with a market value of approximately $8 million.
According to a Form 144 submitted to the U.S. Securities and Exchange Commission, “The proposed sale is scheduled for July 9 and will be executed through Rockefeller Capital Management. The filing states the shares were acquired via stock options dated August 12, 2004 and were exercised using cash.”
The shares are held in the Rosemary and A. Brooke Seawell Revocable Trust. This trust has carried out multiple stock sales over the past three weeks. Between June 20 and July 8, the trust sold over 570,000 NVIDIA shares across eleven separate transactions, with proceeds from each day’s sale also totaling around $8 million.