⚡ NVDA insider Stevens sells $17.3M shares; awaiting other filings
Published Mar 25, 2026
We read 95 filings today. Here are the ones worth your time.
95 Form 456 Buys32 Sells
NVIDIA's Mark Stevens just unloaded $17.3 million in stock. That's the largest insider sale we tracked today across 95 filings.
Horizon Kinetics is making a fresh bet on TPL, while two directors at ROST (Fleming and Sykes) and two insiders at KEYS (Stephens and Hamada) are also putting money to work. The day's 95 filings split 56 buys to 32 sells.
Mark Stevens unloaded $17.3M in Nvidia shares through a discretionary transaction, marking his largest single-day sale in recent quarters. The timing comes with NVDA trading at $178.96, well off its 52-week high of $212 but still double its low, even as the stock has slipped 5% this year. Stevens, a board member since 2008, typically sells in smaller increments under planned programs.
The discretionary nature distinguishes this from routine 10b5-1 sales and arrives as Nvidia faces mounting questions about AI infrastructure spending sustainability. While the company still dominates GPU supply for data centers, hyperscaler customers have begun flagging elevated capital expenditure levels. A 16-year board veteran selling outside his usual pattern suggests either personal liquidity needs or reduced confidence in near-term upside from current levels.
Horizon Kinetics bought just $529 of TPL at $536, a paperwork-level position in a stock up 80% this year. The asset manager already owns substantial shares and this token purchase likely reflects automated reinvestment rather than fresh conviction. TPL trades near its all-time high after doubling from the 52-week low of $269.
Director Fleming bought $175K of ROST at $174 in August when the stock was consolidating after a sharp rise from its 52-week low. Ross has since surged 23% to new highs as off-price retail gains market share from struggling department stores. Fleming's timing caught the dip before the holiday season breakout.
Stephens, a Keysight board member, bought $175K worth of shares at $298, just 6% below the all-time high of $317. The timing is unusual given the stock's 44% surge this year has pushed valuations to stretched levels. His confidence comes as the company benefits from surging AI infrastructure demand, but previous insider buys occurred at much lower prices during sector weakness.
Director Sykes dumped 3,000 shares at $215, cashing in right at the 52-week high after a 73% surge from last year's lows. The off-price retailer has defied recession fears as discount shopping stays in vogue. Her timing looks sharp given the stock trades at a premium valuation rarely seen in retail.
VP Hamada sold $1.14M worth of KEYS shares at $311, just shy of the all-time high of $317. The stock has more than doubled from its 52-week low as AI-driven test equipment demand surges. Insiders have been steady sellers above $300, with zero purchases this year as valuation concerns mount.