Pelosi’s husband sells off up to $5 million worth of chipmaker stock
https://thehill.com/policy/finance/3577326-pelosis-husband-sells-off-up-to-5-million-
worth-of-chipmaker-stock-ahead-of-semiconductor-bill-vote/
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 latest regulatory filing came one day before the Senate passed legislation in a 
64-33 vote to provide $280 billion to bolster the American semiconductor industry as the 
nation grappled with a chip shortage, which was impacted by the COVID-19 pandemic.
Asked about her husband’s decision to sell his shares given the timing of the House’s 
vote on the chips bill, Pelosi spokesperson Drew Hammill told The Hill in a statement, 
“Mr. Pelosi bought options to buy stock in this company more than a year ago and 
exercised them on June 17, 2022.”
“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,” he added.
Paul Pelosi’s trading has been under previous scrutiny, including from Republican 
lawmakers like Sen. Josh Hawley.
The Missouri Republican sent a letter to Senate Homeland Security and Governmental 
Affairs Committee Chairman Gary Peters (D-Mich.) last week about a proposal to ban 
members of Congress and their spouses from insider stock trading and cited Paul 
Pelosi’s purchase of the Nvidia stock.
“It has been more than six months since members of this Committee proposed measures to 
put an end to inappropriate financial transactions. Despite these efforts, Speaker 
Pelosi and her husband remain undeterred from cashing in,” he wrote in his letter.
During a news conference earlier this month, Pelosi said her husband does not make sales 
or purchase stock based on information she has.