Nvidia’s Chief Accounting Officer Sells Shares Valued at Over $520,000

Nvidia Corp has disclosed a recent transaction in which Principal Accounting Officer, Donald F. Robertson Jr., sold a total of 4,500 shares of the company. The transaction, which took place on September 20, 2024, generated proceeds exceeding $520,000.

The share sales were executed at prices ranging from $116.18 to $118.15. Specifically, Robertson sold 3,300 shares at an average price of $116.18, with prices fluctuating between $115.70 and $116.64. An additional 900 shares were sold at an average of $117.19, within the price range of $116.77 to $117.73. The final 300 shares were sold at an average price of $118.15, with prices ranging from $118.06 to $118.27.

This sale was conducted under a Rule 10b5-1 trading plan that Robertson established on October 6, 2023. Such plans allow company insiders to buy or sell stocks in a pre-approved manner, thus minimizing the risk of insider trading allegations.

Moreover, the recent filing indicated that on September 18, Nvidia withheld shares to meet tax obligations related to the vesting of restricted stock units. The total value for these withheld shares was approximately $805,893, priced at $115.59 per share.

Following these transactions, Robertson’s holdings in Nvidia stock were adjusted to 492,409 shares, with minor changes reflecting additional shares acquired through the company’s Employee Stock Purchase Plan and vested restricted stock units.

In broader news, OpenAI, known for its ChatGPT technology, is seeking funding that could value the company at $150 billion, provided it successfully removes a profit cap for its investors. The anticipated $6.5 billion financing round has attracted interest from both existing and new investors, including major tech firms.

Additionally, Nvidia’s stock performance has significantly impacted the S&P 500 index, with a remarkable 140% increase in shares this year, largely accounting for the heightened demand for its chips.

In the banking sector, shares of prominent firms such as JPMorgan Chase, Bank of America, and Wells Fargo rose after they lowered their prime rates, following a recent announcement from the Federal Reserve about a half-point cut to support the economy. Market analysts are now expecting a further rate cut at the Fed’s upcoming meeting.

These developments underscore the rapidly changing investment landscape, spotlighting companies like OpenAI and Nvidia as they continue to advance in their respective fields.

In financial terms, Nvidia has shown impressive performance metrics, with a reported revenue of $96.31 billion for the last twelve months as of the second quarter of 2025, reflecting a substantial growth rate of 194.69%. The company’s gross profit margin is a notable 75.98%, indicating strong profitability amidst rising costs.

Nvidia is recognized not only as a leader in the semiconductors industry but also for its robust gross profit margin, aligning with analyst revisions that indicate positive future earnings. This bodes well for the company’s prospects for growth and profitability.

Investors may take comfort in Nvidia’s strong stock performance over the past six months, yielding a total return of 26.89%, and a staggering year-to-date return total of 134.29%. Furthermore, the company’s track record of consistent dividend payments over 13 years may ease concerns following the insider sale transaction mentioned earlier.