Nvidia Corporation board member Tench Coxe has filed a notice with the U.S. Securities and Exchange Commission to sell one million shares of the company’s common stock.
The Form 144, dated June 9, lists the total market value of the planned sale at approximately $142.76 million. The transaction is set to be executed through Stifel Nicolaus, a brokerage based in St. Louis, Missouri. The shares will be sold on the Nasdaq.
According to the filing, the shares include two separate acquisition sources. The first, a block of 909,660 shares, was acquired on May 17, 2005, through a pro-rata distribution from Sutter Hill Ventures, which had obtained the stock through open market purchases. The second block of 90,340 shares was acquired on July 31, 1997, through an option exercise.
Coxe is listed in the filing as a director of the company. The filing also confirms no securities have been sold by him in the past three months.
The document was signed by Kanwalpreet S Kalra.