House Speak Nancy Pelosi’s husband has now sold off up to five million dollars worth of stock in the chipmaker Nvidia ahead of an upcoming house vote on the domestic semiconductor industry.
As The Hill reports:
House Speaker Nancy Pelosi’s (D-Calif.) husband sold up to $5 million worth of shares of chipmaker Nvidia as the House prepares to vote on a bill focusing on the domestic chip manufacturing industry.
Pelosi completed a period transaction report signed on Tuesday that indicated that her husband, Paul Pelosi, sold 25,000 shares of Nvidia at an average price of $165.05 with a total loss of $341,365.
In total, the shares are worth between $1 million and $5 million.
A separate filing signed by the House Speaker earlier this month indicated that Paul Pelosi had exercised call options last month to purchase 20,000 shares of the chipmaker at a strike price of $100.
The Senate passed legislation in a 64-33 vote to provide the domestic chip industry with $280 billion in aide.