Pelosi reveals the sale of shares of Nvidia and Apple, the purchase of Alphabet and Amazon


Former Speaker of the House of Representatives Nancy PelosiD-Calif., reported several opening-day stock deals that took place in December and early January with several of the world's largest technology companies, an industry in which she and her husband, Paul, previously traded.

The disclosure of congressional stock transactions, known as the periodic transaction report, covers transactions made by both members of Congress and spouses.

Ian Kraeger, a spokesman for the former speaker, told FOX Business: “Pelosi's spokesman has no stake and no prior knowledge or subsequent involvement in any transaction.”

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Pelosi's disclosure showed the purchase of 50 Contact options for Alphabet, the parent company of Google, along with 50 call options for Amazon, according to its most recent periodic transaction report filed with the secretary of the House of Representatives.

Both sets of call options have a strike price of $150 and are worth between $250,001 and $500,000. A call option gives investors the right to buy a company's stock at a specified price.

ticker security the last change change %
AAPL Apple Inc 222.64 -7.34

-3.19%

NVDA Nvidia Inc 140.83 +3.12

+2.27%

GOOGLE ALPHABET Inc. 198.05 +2.05

+1.05%

AMZN AMAZON.COM INC. 230.71 +4.77

+2.11%

The disclosure showed the sale of 10,000 Nvidia shares along with 31,600 Apple shares on December 31st. After the sale, Pelosi bought another 50 Nvidia call options on Jan. 14 at a strike price of $80 in a range trade. Between $250,000 and $500,000 Pelosi also exercised 500 call options on Nvidia on Dec. 20, which were priced at $12 and were expiring the same day.

The deal was between $500,000 and $1 million.

WASHINGTON, DC - DECEMBER 15: Speaker of the House Nancy Pelosi (D-CA) speaks to reporters during her weekly news conference at the US Capitol Visitor Center on December 15, 2021 in Washington, DC. The House of Representatives voted Tuesday night to recommend the arrest of former Trump White House chief of staff Mark Meadows for refusing to cooperate with a committee investigating the Jan. 6 attack on the Capitol.

Former House Speaker Nancy Pelosi of California reported new stock deals involving prominent tech companies. (Chip Somodevilla/Getty Images/Getty Images)

The former speaker's disclosure also noted several other investments that occurred in the past month, including the exercise of 140 call options for 14,000 shares. Palo Alto Networks With a strike price of $100 that was set to expire on Dec. 20 in a deal between $1 million and $5 million.

Pelosi also disclosed the purchase of 50 Tempus AI call options at $20 as well as 50 Vistra Corp call options at $50 on January 14. Purchases for the Vistra ranged from $500,000 to $1 million, while the Tempus ranged from $50,000 to $100,000.

ticker security the last change change %
VST Vistra Co 185.35 +14.49

+8.48%

TEM you have time 47.64 +12.49

+35.53%

A bipartisan group of senators reached a deal to ban lawmakers from trading stocks

Paul and Nancy Pelosi

Former House Speaker Nancy Pelosi and her husband Paul Pelosi attend the Vanity Fair Oscar Party at the Wallis Annenberg Center for the Performing Arts in Beverly Hills, California, March 10, 2024. (Michael Tran/AFP via Getty Images/Getty Images)

Investments made by Pelosi and her husband have drawn attention amid growing calls to ban members of Congress from trading stocks.

ticker security the last change change %
V VISA Inc. 323.63 +4.01

+1.25%

Last fall, Paul Pelosi sold more than $500,000 worth of Visa stock before the Justice Department filed an antitrust lawsuit against the credit card giant. Earlier last year, an analysis estimated that he earned close to $4 million in a six-month period. Nvidia contact options He bought in November 2023.

Legislator's spouses can do business in companies or industries that their partner may help regulate, but it is illegal for them to do so. Members of Congress and their family members benefit from inside information.

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Members of Congress on both sides of the political aisle have proposed legislation in recent years that would bar lawmakers and their family members from owning stocks. Bipartisan bills to that effect were drafted in the Senate last Congress, but none became law before the end of the 118th Congress, leaving the issue to the current Congress.

FOX Business' Burke Dumas contributed to this report.



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