Mark Stevens, a director at Nvidia and well-known venture capitalist, sold approximately $946.6 million in Nvidia shares during the third quarter of 2026, according to Bloomberg. Jayshree Ullal, CEO of Arista Networks, sold around $446 million in Arista shares, while Jeff Bezos unloaded approximately $346.5 million in Amazon shares on August 3. Combined, these three insiders sold more than $1.7 billion in stock, with a combined net worth of roughly $302 billion according to the Bloomberg Billionaires Index. Stevens remains Nvidia’s second-largest individual shareholder despite the selling, with an estimated net worth of $12.2 billion. The third quarter saw significant volatility in tech stocks, with concerns about AI spending weighing on the sector.
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