Rep. Sam Liccardo Sells $15K-$50K of NVIDIA Shares in July 2026 STOCK Act Filing
Rep. Sam Liccardo (D-California) filed a STOCK Act disclosure revealing a July 2026 sale of NVIDIA shares in the $15K-$50K range, with the filing showing a -2.98% excess return since his entry point.
What happened
Representative Sam Liccardo (D-California), U.S. House Representative for District 18, filed a STOCK Act disclosure revealing a sale of NVIDIA Corporation (NVDA) shares. The filing shows:
- Transaction Type: Sale
- Disclosed Size Range: $15,001 - $50,000
- Trade Date: July 21, 2026
- Disclosure Date: July 27, 2026 (filed within the required 45-day window)
The disclosure indicates an excess return of -2.98% since the transaction date, meaning NVIDIA declined relative to Rep. Liccardo's entry point before he executed this sale. At the time of filing, NVDA was trading at $206.935 per share, up 6.21% for the day and +5.82% for the month, with a 52-week range of $164.07 - $236.54.
Why it matters
The STOCK Act requires members of Congress to disclose financial transactions within 45 days to promote transparency in congressional trading activity. These filings report size ranges rather than exact amounts, and they lag the actual trades by up to 45 days. This disclosure allows investors and watchdogs to track the performance of positions held by lawmakers and assess whether their trading decisions align with fiduciary standards.
NVIDIA has been a significant performer in recent months as AI chip demand continues to drive growth in the semiconductor sector. Rep. Liccardo's sale during this period, showing a negative excess return relative to his entry point, provides data points for tracking congressional trading patterns in high-conviction tech stocks.
What to watch
- Sector trends: NVIDIA's performance reflects broader AI chip and semiconductor market dynamics. Investors should monitor whether other lawmakers have similar positions or trades in this sector.
- STOCK Act compliance: The 45-day disclosure window means actual trades may have occurred earlier than the filing date. Tracking patterns across multiple filings can help identify trading strategies employed by members of Congress.
- Performance tracking: The excess return metric (-2.98%) shows how the stock performed relative to Rep. Liccardo's entry point, providing insight into whether congressional traders are timing their exits or holding through volatility.
By the numbers
Source snapshot
This article reports on public STOCK Act disclosure filings and is informational reporting of mandated transparency documents, not financial advice.
Sources: - https://www.quiverquant.com/congresstrading/