NEW YORK (AFX) - The chief financial officer of chip maker Nvidia Corp. exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Marvin D. Burkett reported he exercised 25,000 options at $4.74 apiece on Tuesday and sold them the same day for $37.14 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Nvidia is based in Santa Clara, Calif.
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