Insider Trading March 20, 2026

Nvidia Accounting Officer Sells Nearly $943,000 in Stock; Holdings Remain Large

Donald F. Robertson Jr. completed two rounds of transactions in March that trimmed shares while leaving him with over 337,000 Nvidia shares

By Caleb Monroe NVDA
Nvidia Accounting Officer Sells Nearly $943,000 in Stock; Holdings Remain Large
NVDA

Nvidia principal accounting officer Donald F. Robertson Jr. reported multiple stock dispositions in mid-March 2026, including 4,596 shares sold on March 20 for about $942,944 and a separate 4,575-share sale on March 18 to cover taxes valued at $832,329. After these moves Robertson retains direct ownership of 337,120 Nvidia shares. The sales occur as Nvidia shares trade well below their 52-week high amid continued revenue growth and varied analyst coverage. Related industry developments include a federal indictment tied to alleged illegal diversion of Nvidia GPUs and several analyst firms reiterating or raising price targets for Nvidia.

Key Points

  • Donald F. Robertson Jr., Nvidia’s Principal Accounting Officer, sold 4,596 shares on March 20, 2026, for about $942,944 with trade prices from $172.5777 to $177.3117.
  • On March 18, 2026, Robertson sold 4,575 shares to cover tax obligations for $832,329 at $181.93 per share; after these sales he directly owns 337,120 Nvidia shares.
  • Transactions come as Nvidia shares trade at $173 versus a 52-week high of $212, with the company reporting 65% revenue growth year-over-year and a market capitalization noted at $4.19 trillion.

Nvidia CORP reported insider transactions by its Principal Accounting Officer, Donald F. Robertson Jr., in filings with the U.S. Securities and Exchange Commission. According to a Form 4, Robertson sold 4,596 shares of common stock on March 20, 2026, in a sequence of trades that totaled roughly $942,944. The executed sale prices recorded in the filing ranged from $172.5777 to $177.3117 per share.

The filing also shows a separate disposition on March 18, 2026, when Robertson sold 4,575 shares to satisfy tax obligations. That transaction was reported at a sale price of $181.93 per share for a total value of $832,329.

Following these March transactions, Robertson is reported to directly own 337,120 shares of Nvidia. The filings do not provide additional commentary from Robertson about the trades.


Market context included in the filing and related commentary notes Nvidia shares trading at $173, below a 52-week high of $212. Despite the pullback in share price from that peak, the company is described as continuing to exhibit strong top-line performance, with revenue growth of 65% over the most recent twelve-month period. The company’s market capitalization is reported at $4.19 trillion.

Valuation and research notes in the material reference InvestingPro analysis that places the shares below the platform’s Fair Value estimate, identifying Nvidia as a candidate on a list of most undervalued stocks. For investors seeking deeper data, the referenced platform offers 18 additional ProTips for NVDA and a comprehensive Pro Research Report designed to distill Wall Street data into actionable analysis.


The insider activity comes alongside wider industry and market developments cited in the same disclosures. Super Micro Computer has drawn attention after a federal indictment alleging that its co-founder, Wally Liaw, and two others conspired to illegally divert $2.5 billion worth of AI servers - specifically Nvidia GPUs - to China in violation of U.S. export control rules. That legal matter is separate from Nvidia’s own filings, but it involves hardware that depends on Nvidia technology.

Analyst coverage of Nvidia remains active. Wolfe Research reiterated an Outperform rating with a $275.00 price target, citing potential datacenter upside through fiscal 2028. Argus reiterated a Buy rating with a $220.00 price target, pointing to advances in data center technology. Raymond James raised its price target to $323 and maintained a Strong Buy rating, based on optimistic GPU sales projections through 2027.

Separately noted in the documents, Qnity Electronics announced a collaboration with Nvidia to advance AI-driven innovation in semiconductor research using Nvidia’s computing technologies.


The SEC Form 4s provide a factual snapshot of the transactions and insider holdings but do not explain motivations behind the sales or forecast future trades. The filings also leave unchanged Robertson’s substantial direct holding in Nvidia stock.

Risks

  • Insider selling may be interpreted by some market participants as a change in insider liquidity needs or portfolio rebalancing - this can add near-term volatility to semiconductor and AI-related equities.
  • Legal and regulatory uncertainty tied to the federal indictment involving alleged diversion of Nvidia GPUs to China introduces export-control and compliance risk for companies in the AI server and semiconductor supply chains.
  • Valuation uncertainty remains, as the stock is trading below a referenced Fair Value estimate yet has wide-ranging analyst price targets, which may contribute to differing investor views in the technology and datacenter sectors.

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