Remix.run Logo
▲ edot 4 hours ago

Nothing out of the ordinary. Guy sold 4m shares over a few months (all of which have to be pre-announced 90 days in advance). Still has over 25m shares.

▲ScoobleDoodle 3 hours ago | parent | next [-]

They can influence timing of information release; Whether delaying or expediting.

Just pointing out that even with the notice there is still room for shenanigans.

▲PeterHolzwarth an hour ago | parent [-]

We can throw down "could" all over the place, anywhere, on any topic. Doesn't help the convo, I feel. Can people with leverage use it for ill gains? Definitely. But we can get religious about that so easily and should be careful. I think our discussion here is best served by going on what we know. But I very much agree Nvidia isn't some stalwart defender of clean practices.

I know you might respond "we know they have done iffy shit before, therefore worst interpretation is warranted here."

But, well, as I said - we can do that line of reasoning about anything, but our discussions kind of break down at that point - we're just throwing down impressions and "could be's".

▲ffsm8 40 minutes ago | parent [-]

I feel like the easiest and most likely explanation is that he's just aware how massively overvalued it currently is.

Frankly I'm surprised he still has as much given it's valuation

▲red_trumpet an hour ago | parent | prev | next [-]

The article says there were no trading plans used, so it's not clear to me whether selling was announced 90 days in advance. Where would I find the announcement?

▲SpicyLemonZest 41 minutes ago | parent | prev [-]

It's generally considered unwise for executives to sell any shares at all except according to a preannounced 10b5-1 plan, but it's not required and he doesn't seem to have done so here. (You're right, of course, that there a lot of legitimate reasons he might have wanted to diversify 20% of his shares without waiting 90 days.)