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Nvidia Board Member Cashes Out $44 Million in Stock He's Held Since Before the Company Went Public

MarketDash Editorial Team
18 hours ago
Harvey Jones, an Nvidia director since the company's founding in 1992, just sold $44 million worth of shares he acquired in 1997—two years before the IPO and long before AI turned the chipmaker into a $5 trillion giant. He still holds $1.2 billion worth of stock.

Sometimes patience really does pay off. Harvey Jones, who's been on Nvidia's (NVDA) board since the company was founded in 1992, just cashed in a chunk of stock he's been sitting on for nearly three decades. The sale netted him a cool $44 million.

A 27-Year Hold Pays Off Spectacularly

According to SEC filings, Jones unloaded 250,000 shares on Monday at an average price of $177.29 per share, bringing in just over $44 million in gross proceeds. Here's what makes this interesting: he acquired these shares way back in 1997, two years before Nvidia (NVDA) even went public, and years before anyone was talking about AI chips or the company becoming the most valuable in the world.

Today, Nvidia sits at a $5 trillion market cap, thanks to its stranglehold on the AI chip market. That's quite a return on shares purchased before most people knew what a GPU was.

Don't worry about Jones running out of Nvidia exposure though. He still owns 7 million shares worth approximately $1.2 billion, based on the stock's closing price of $170.94 on Wednesday.

Insiders Taking Profits While Stock Soars

Jones isn't alone in monetizing his Nvidia holdings. As the stock keeps climbing to new highs, the company's insiders have been methodically selling shares at regular intervals, turning paper gains into actual cash.

Fellow long-time director Brooke Seawell sold $2.3 million worth of stock earlier this month while maintaining ownership of 2.5 million shares. But the real action has come from founder and CEO Jensen Huang, who's been leading the insider selling parade this year with multiple rounds of stock sales, including one that topped $42 million in October.

According to SEC filings, Huang has sold more than $1 billion worth of shares since June 2025. Before you panic about the CEO dumping stock, he still owns nearly 852 million shares valued at an estimated $145.6 billion. So he's still pretty committed to the company's success.

Nvidia (NVDA) shares closed down 3.81% on Wednesday at $170.94, but recovered slightly overnight, trading up 0.54% according to market data.

The stock continues to score well on momentum, growth, and quality metrics, with a favorable long-term price trend that suggests the AI story isn't over yet.

Back to News

Nvidia Board Member Cashes Out $44 Million in Stock He's Held Since Before the Company Went Public

MarketDash Editorial Team
18 hours ago
Harvey Jones, an Nvidia director since the company's founding in 1992, just sold $44 million worth of shares he acquired in 1997—two years before the IPO and long before AI turned the chipmaker into a $5 trillion giant. He still holds $1.2 billion worth of stock.

Sometimes patience really does pay off. Harvey Jones, who's been on Nvidia's (NVDA) board since the company was founded in 1992, just cashed in a chunk of stock he's been sitting on for nearly three decades. The sale netted him a cool $44 million.

A 27-Year Hold Pays Off Spectacularly

According to SEC filings, Jones unloaded 250,000 shares on Monday at an average price of $177.29 per share, bringing in just over $44 million in gross proceeds. Here's what makes this interesting: he acquired these shares way back in 1997, two years before Nvidia (NVDA) even went public, and years before anyone was talking about AI chips or the company becoming the most valuable in the world.

Today, Nvidia sits at a $5 trillion market cap, thanks to its stranglehold on the AI chip market. That's quite a return on shares purchased before most people knew what a GPU was.

Don't worry about Jones running out of Nvidia exposure though. He still owns 7 million shares worth approximately $1.2 billion, based on the stock's closing price of $170.94 on Wednesday.

Insiders Taking Profits While Stock Soars

Jones isn't alone in monetizing his Nvidia holdings. As the stock keeps climbing to new highs, the company's insiders have been methodically selling shares at regular intervals, turning paper gains into actual cash.

Fellow long-time director Brooke Seawell sold $2.3 million worth of stock earlier this month while maintaining ownership of 2.5 million shares. But the real action has come from founder and CEO Jensen Huang, who's been leading the insider selling parade this year with multiple rounds of stock sales, including one that topped $42 million in October.

According to SEC filings, Huang has sold more than $1 billion worth of shares since June 2025. Before you panic about the CEO dumping stock, he still owns nearly 852 million shares valued at an estimated $145.6 billion. So he's still pretty committed to the company's success.

Nvidia (NVDA) shares closed down 3.81% on Wednesday at $170.94, but recovered slightly overnight, trading up 0.54% according to market data.

The stock continues to score well on momentum, growth, and quality metrics, with a favorable long-term price trend that suggests the AI story isn't over yet.

    Nvidia Board Member Cashes Out $44 Million in Stock He's Held Since Before the Company Went Public - MarketDash News