NVIDIA Corp’s chief legal officer, Timothy S. Teter, sold 30,000 common shares worth approximately $6.54 million on August 31, executed under a pre-arranged trading plan adopted on May 22, 2026.
The transactions occurred at prices ranging from $216.26 to $219.25 per share, with a total value of $6,536,514. The shares were sold in three tranches: 6,692 shares at a weighted average price of $216.84, 13,913 shares at $217.95, and 9,395 shares at $218.53.
Teter’s remaining direct holdings total 334,436 shares, while an additional 2,687,660 shares are held indirectly through The Horne Teter Family Living Trust, of which he serves as trustee. At the time of the sale, NVIDIA’s stock was trading at $224.41, near its 52-week high of $236.54, with the company’s market capitalization exceeding $5.42 trillion.
The disposal follows NVIDIA’s recent corporate developments, including a $35 billion cloud computing agreement between Anthropic and Lambda, a provider backed by NVIDIA. The project involves Hut 8, a bitcoin miner and data center developer constructing facilities in Texas for the initiative. NVIDIA had previously secured capacity with Hut 8 for the project.
Analysts have maintained positive outlooks on NVIDIA. JPMorgan reiterated an overweight rating, citing robust demand across multiple sectors, while Baird maintained an outperform rating, highlighting the significance of the Anthropic cloud deal. Separately, TF International Securities’ Ming-Chi Kuo reported that NVIDIA has resumed its Rubin CPX chip program, with production slated to begin in the first quarter of 2027.
