On Wednesday Eastern Time, a regulatory filing showed that Nvidia board member Harvey Jones sold more than $44 million worth of company stock. The filing shows Jones sold 250,000 shares on Dec. 15, at an average price of $177.33 per share. Harvey Jones has served as an independent director of NVIDIA since the company's founding in 1993.
The shares sold are part of a stake Jones has held since 1997, when Nvidia went public.
After the sale, Jones still held more than 7 million shares indirectly through the H.C. Jones Life Trust, the filing said. Nvidia declined to comment on the nature of the deal.
Jones's net worth is estimated to be over $1 billion as of the end of 2025, largely due to his decades-long involvement and stock holdings in Nvidia
When Harvey Jones joined NVIDIA in 1993, NVIDIA was just a company that started out as a gaming graphics card company. But now, driven by the artificial intelligence boom, NVIDIA has become the world's most valuable chip manufacturer, and its stock price has risen sharply in the past few years.
The stock has gained about 28% so far this year, giving the chipmaker a market capitalization of about $4.32 trillion. In the past ten years, Nvidia's stock price has increased by 5,268%.