Trading Platform Notices Something ‘Unusual’ About What Pelosi and Husband Did After Unloading Nvidia Stock

Paul Pelosi, husband of House Speaker Nancy Pelosi, sold off approximately $5 million worth of shares in chipmaker Nvidia on Tuesday ahead of a Senate vote on a bill that would boost the domestic chip manufacturing industry.

Pelosi sold 25,000 shares for roughly $4.1 million and took a loss of $341,365, according to a period transaction report.

“The sale comes a month after a June 17 filing revealed Pelosi exercised call options to buy 20,000 Nvidia shares, purchasing the options as well as 5,000 shares outright last summer,” Forbes reports.

The couple faced intense scrutiny over the stock purchase but Pelosi’s spokesman Drew Hammill reiterated in a statement to The Hill that the speaker’s husband “bought options to buy stock in this company more than a year ago and exercised them on June 17, 2022.”

He added: “As always, he does not discuss these matters with the Speaker until trades have been made and required disclosures must be prepared and filed. Mr. Pelosi decided to sell the shares at a loss rather than allow the misinformation in the press regarding this trade to continue.”