[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"branding":3,"analytics":7,"article-nvidia-director-sold-947m-of-stock-before-the-huang-scandal":10,"sections":41},{"siteName":4,"siteTagline":5,"publisherName":4,"contactEmail":6},"The Revision","Tech news, decoded.","editor@therevision.news",{"gaMeasurementId":8,"adsenseClientId":9},"G-ZW2MV82GYR","ca-pub-8533917693782264",{"article":11},{"id":12,"slug":13,"title":14,"dek":15,"body_md":16,"tags_json":17,"published_at":18,"created_at":19,"updated_at":20,"status":21,"review_note":22,"review_notes":23,"image_url":22,"persona_id":22,"persona_name":22,"section":30,"tags":31,"sources":36,"feedback":40,"feedback_at":22,"cost_usd":40,"total_tokens":40},13168,"nvidia-director-sold-947m-of-stock-before-the-huang-scandal","Nvidia Director Sold $947M of Stock Before the Huang Scandal","Director Mark Stevens sold 4.2 million Nvidia shares with no trading plan, weeks before the stock fell about 26% from its pre-scandal price.","Nvidia board director Mark Stevens sold about 4.2 million shares for close to $1 billion in late summer, with no trading plan in place, weeks before the scandal that ended with Jensen Huang's resignation.\n\nThe sales came in three steps, and the three add up to roughly $947 million. From August 31 to September 2, with shares between $220 and $226, he raised $411 million. A second tranche of $236 million followed over the next couple of days at $227 to $234. The last sale, on September 18 at about $220 a share, brought in around $300 million.\n\nThe first sales came about two months before the end-of-October accusation that Huang had \"close ties\" to an alleged Chinese spy. The last came about six weeks before it. Shares were near $205 when the story broke, slid to $178.67 after Huang admitted the affair without naming the other party, and hit $151.09 after a second affair surfaced and Huang resigned a few hours later. That is a drop of about 26%. At the time of writing they traded at $162.85.\n\nThe contrast is with Huang's own sale last year. He sold up to six million shares for about $925 million, but announced it six months ahead under a Rule 10b5-1 plan, a pre-filed schedule of sales that makes it hard to claim the seller acted on private information. Stevens had no such cover. Selling as a director is not a crime, and the case for suspicion is thin on the facts given. He still holds about 27.5 million shares, making him the second-largest shareholder after Jensen and Lori Huang, and that stake has lost more than $1.5 billion in a quarter. Someone who saw the fall coming would have had every reason to sell more.\n\nPlans like Huang's exist so that questions about timing never come up. Stevens's sales show what it looks like when they do.","[\"nvidia\",\"insider-trading\",\"jensen-huang\",\"stocks\"]","2026-11-15T14:00:00.000Z","2026-11-15T15:58:37.127Z","2026-11-15T15:59:28.147Z","published",null,[24],{"id":25,"reviewer":26,"round":27,"reason":28,"status":29},"editor-r1","editor",1,"The draft says shares fell 'nearly 25%' (and 'nearly a quarter' in the lede) from about $205 to $151.09, but that is a drop of about 26%, so recompute and state it accurately; also make the timing consistent with the dates given (Sept 18 sale to late October is about six weeks, and the first sales were about two months before).","resolved","general",[32,33,34,35],"nvidia","insider-trading","jensen-huang","stocks",[37],{"name":38,"url":39},"Tom's Hardware","https:\u002F\u002Fwww.tomshardware.com\u002Ftech-industry\u002Fnvidia-board-director-cashed-out-usd1-billion-in-stock-before-jensen-huang-scandal-mark-stevens-sold-4-2-million-shares-without-a-trading-plan",0,{"sections":42},[43,48,53,58,63,68,73,78,83,88,92,97,102,107],{"name":44,"slug":45,"count":46,"latest_published_at":47},"AI","ai",7162,"2026-11-15T12:00:00.000Z",{"name":49,"slug":50,"count":51,"latest_published_at":52},"Security","security",1141,"2026-11-15T17:15:13.000Z",{"name":54,"slug":55,"count":56,"latest_published_at":57},"Deals","deals",672,"2026-11-15T17:59:53.000Z",{"name":59,"slug":60,"count":61,"latest_published_at":62},"Policy","policy",630,"2026-11-15T16:25:16.000Z",{"name":64,"slug":65,"count":66,"latest_published_at":67},"Consumer Tech","consumer-tech",383,"2026-11-15T17:55:32.000Z",{"name":69,"slug":70,"count":71,"latest_published_at":72},"Hardware","hardware",344,"2026-11-15T17:00:00.000Z",{"name":74,"slug":75,"count":76,"latest_published_at":77},"Science","science",236,"2026-11-14T20:54:14.000Z",{"name":79,"slug":80,"count":81,"latest_published_at":82},"Software","software",177,"2026-11-14T08:54:55.000Z",{"name":84,"slug":85,"count":86,"latest_published_at":87},"Startups","startups",162,"2026-11-13T17:32:35.000Z",{"name":89,"slug":30,"count":90,"latest_published_at":91},"General",130,"2026-11-15T15:41:13.000Z",{"name":93,"slug":94,"count":95,"latest_published_at":96},"Dev Tools","dev-tools",127,"2026-11-11T19:00:44.000Z",{"name":98,"slug":99,"count":100,"latest_published_at":101},"Gaming","gaming",112,"2026-11-14T19:34:13.000Z",{"name":103,"slug":104,"count":105,"latest_published_at":106},"Reviews","reviews",38,"2026-10-20T12:00:00.000Z",{"name":108,"slug":109,"count":110,"latest_published_at":111},"How-To","how-to",10,"2026-11-14T23:45:00.000Z"]