> Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker.
He bought the options back in summer of 2021. He decided to exercise them rather than let them expire worthless. His price was probably around 180/share.
>In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365.
That makes no difference, he could have sold the options for their intrinsic value on expiration (Friday June 17) he doesn’t have to let them expire worthless. Instead he exercised them, committing $4m in capital prior to the bill passing and made $20 per share
>In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365.
He bought options in July 2021. Basically, he said he'd buy 20k shares stock for X price regardless of the price in the next year. If the stock goes up he can sell the options without having to buy said stock (for a profit). He can also give up what he paid for the options and choose not to buy the shares and they'd expire worthless.
As the stock was below what he bet it would be within a years time he decided to exercise his right to buy the 20k shares rather than lose his initial investment. He then sold, for a loss, but possibly a smaller one than if he just let them expire worthless.
Nvidia isn’t getting shit from this bill. It’s basically all going to intel with global foundries and other boutique fabs fighting for the scraps TSMC and Samsung leave behind.
