Summary by Futu AI
Timothy S. Teter, EVP, General Counsel and Secretary of NVIDIA, executed two significant stock transactions. On 10/03/2024, Teter gifted 48,324 shares of common stock, which were transferred to The Horne Teter Family Living Trust. This transaction resulted in no direct financial gain as the shares were priced at $0.On 12/11/2024, Teter disposed of 56,688 shares at $135.07 per share, likely for tax liability or exercise price payment. The total value of this transaction amounted to approximately $7.66 million. Following these transactions, Teter's direct ownership decreased to 616,692 shares, while the trust's indirect ownership increased to 2,409,733 shares.These transactions, completed between 10/03/2024 and 12/11/2024, showcase significant changes in Teter's stock ownership structure, balancing direct holdings reduction with an increase in indirect ownership through a family trust.
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