AI Semiconductor Leader 'NVIDIA' Executive Sells Shares Worth 260 Billion Won

On June 18, NVIDIA director Mark A. Stevens sold approximately 885,000 common shares in the open market through trusts in which he and his spouse participate, realizing about $185 million (roughly ₩260 billion) in proceeds. The sale, executed under the Third Millennium Trust and Envy Trust, still leaves Stevens with around 32 million NVIDIA shares in total, including his direct and trust holdings. Earlier, on June 8, Chief Accounting Officer Scott Gawel received two no-cost restricted stock unit awards vesting over four years, boosting his holdings to about 59,000 shares without any open-market transactions. On June 25, independent director Melissa Lora added 1,211 RSUs as her annual board compensation and transferred 1,799 common shares into a family trust at no cost, converting part of her direct stake into indirect ownership.

Recently, NVIDIA has accelerated the expansion of its AI infrastructure ecosystem. Under its “Sovereign AI” partnership with Palantir, the company plans to deliver its open AI models to government and defense clients operating in closed networks. It is also co-developing next-generation data-center networking and optical technologies through investments and technology alliances with Marvell and Coherent. In the first quarter of fiscal 2026, ended April 27, 2025, NVIDIA reported total revenues of $44.1 billion and data-center revenues of $39.1 billion (about ₩62 trillion), representing year-over-year increases of 69% and 73%, respectively, and sustaining its high-growth trajectory driven by rising AI demand.

Founded in 1993 and based in Santa Clara, California, NVIDIA is a fabless semiconductor company that leads the global AI infrastructure market with its GPUs, AI accelerators, and data-center platforms. It is a key component of both the S&P 500 and the Nasdaq-100 indices. Mark A. Stevens, who executed the sizable share sale, serves as a managing partner at the family office S-Cubed Capital and is a former managing partner at Sequoia Capital, and has been a long-standing director and major individual shareholder on NVIDIA’s board since the 1990s.