Nvidia director Mark Stevens leads AI billionaires in insider sales

Nvidia director Mark Stevens sold 4,236,740 shares worth $946,627,633 in the third quarter, leading a ranking of insider sellers compiled by the Washington Service, Bloomberg reported.

Stevens remains Nvidia’s second-largest individual shareholder after CEO Jensen Huang. Bloomberg estimated his fortune at $12.2 billion.

Arista Networks chair and CEO Jayshree Ullal ranked second, selling 2,226,435 shares for $446,013,758 under prearranged 10b5-1 plans. She retained a 2% stake in the company.

CoreWeave chair and CEO Michael Intrator sold 4,061,793 shares worth $347,150,716, placing fifth. CoreWeave has said executives’ sales under trading plans reflect routine liquidity management and that they remain confident in its future.

Amazon founder Jeff Bezos ranked sixth with sales of 1,209,649 shares worth $346,453,514. An August filing outlined plans to sell up to 15 million shares valued at more than $4 billion.

The remaining top sellers were Illumina director Keith Meister at $436.2 million, SharkNinja chair Xuning Wang at $401.2 million, United Therapeutics CEO Martine Rothblatt at $314.1 million, BeOne Medicines CEO John Oyler at $293.5 million, Rocket Lab CEO Peter Beck at $286.4 million and Snowflake chair Frank Slootman at $282.7 million.

The ranking includes directors reporting sales on behalf of their firms and excludes insider sales made through public offerings.

Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.