Former President of the Chamber Nancy PelosiD-Calif., reported several Inauguration Day stock trades that took place in December and early January involving several of the world’s largest technology companies, an industry in which she and her husband Paul had negotiated before.
Congressional stock trading disclosures, known as periodic transaction reports, cover trades made by both the member of Congress and the spouse.
Ian Krager, a spokesman for the former speaker, told FOX Business: “Speaker Pelosi owns no stock and has no prior knowledge or subsequent involvement in any transaction.”
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Pelosi’s disclosure showed the purchase of 50 call options for Alphabet, the parent company of Google, along with 50 call options for Amazon, according to its latest periodic transaction report filed with the clerk of the House of Representatives.
Both sets of call options have an exercise price of $150 and were valued between $250,001 and $500,000. Call options give investors the right to buy shares of a company at a specific price.
Ticker | security | last | change | % change |
---|---|---|---|---|
AAPL | APPLE INC. | 222.64 | -7.34 |
-3.19% |
NVDA | NVIDIA CORP. | 140.83 | +3.12 |
+2.27% |
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 Dec. 31. After the sale, Pelosi bought 50 more Nvidia call options on Jan. 14 that had a strike price of $80 in a transaction that was in range. between $250,000 and $500,000. Pelosi also exercised 500 call options for Nvidia on Dec. 20 that had a strike price of $12 and were due to expire that day.
This trade was between $500,000 and $1 million.
The speaker’s disclosure also noted several other investments that occurred over the past month, including the exercise of 140 call options for 14,000 shares of Palo Alto Networks at a strike price of $100 that was due to expire on Dec. 20 in a trade that was reported to be between $1 million and $5 million.
Pelosi also disclosed the purchase of 50 Tempus AI call options with an exercise price of $20, as well as 50 Vistra Corp. call options. with a retail price of $50 on January 14th. Vistra’s purchase was between $500,000 and $1 million, while Tempus was between $50,000 and $100,000.
Ticker | security | last | change | % change |
---|---|---|---|---|
VST | VISTRA CORP | 185.35 | +14.49 |
+8.48% |
TEM | YOU HAVE TIME | 47.64 | +12.49 |
+35.53% |
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Investments made by Pelosi and her husband have drawn scrutiny amid growing calls for members of Congress to be barred from trading stocks.
Ticker | security | last | change | % change |
---|---|---|---|---|
v | VISA INC. | 323.63 | +4.01 |
+1.25% |
Last fall, Paul Pelosi sold more than $500,000 in Visa stock ahead of a Justice Department antitrust lawsuit against the credit card giant. Earlier last year, an analysis estimated it earned the couple nearly $4 million in a six-month period Nvidia call options bought in November 2023.
Lawmakers’ spouses can trade with companies or industries that their spouse may help regulate, but it is illegal to members of Congress and their relatives to benefit from privileged 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 stock ownership. Bipartisan bills to that end were developed in the Senate during the last Congress, but neither became law before the end of the 118th Congress, leaving the issue to the current Congress.
Breck Dumas of FOX Business contributed to this report.