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Former House Speaker Nancy Pelosi, D-Calif., has accused several of the world’s largest tech companies, where her husband Paul previously traded, of stock trades made on Inauguration Day in December and early January. It was reported that the incident involved
The Congressional Stock Trading Disclosure, known as the Periodic Trading Report, covers trades made by both members and their spouses.
“Chair Pelosi owns no stock and has no prior knowledge of or subsequent involvement in any transactions,” Ian Crager, a spokesman for the former speaker, told FOX Business.
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Pelosi’s latest periodic trading report filed with the Clerk of the House of Representatives shows that her disclosures showed her purchases of 50 call options on Amazon, as well as 50 call options on Google’s parent company Alphabet. .
Both sets of call options had a strike price of $150 and a value between $250,001 and $500,000. A call option gives an investor the right to buy a company’s stock 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% GOOGL ALPHABET INC. 198.05 +2.05 +1.05% AMZN AMAZON.COM INC. 230.71 +4.77 +2.11%
The disclosure shows that on December 31st, he sold 10,000 shares of Nvidia stock and 31,600 shares of Apple stock. After the sale, on January 14, Paul Pelosi purchased an additional 50 shares of Nvidia call options with a strike price of $80 in a trade dated December 31, 2019. Ranges from $250,000 to $500,000. Pelosi also exercised 500 call options against Nvidia with a strike price of $12 on Dec. 20, which were scheduled to expire that day.
The deal value ranged from $500,000 to $1 million.
Former House Speaker Nancy Pelosi, D-Calif., reported new stock transactions involving prominent technology companies. (Chip Somodevilla/Getty Images/Getty Images)
The former speaker’s disclosure also mentions several other investments made in the last month, including an exercise for 14,000 shares of Palo Alto Networks that expire on December 20th. The trade included a reported exercise of 140 call options at a price of $100. Between $1 million and $5 million.
Pelosi also revealed on January 14 that she purchased 50 call options on Tempus AI with a strike price of $20 and 50 call options on Vistra with a strike price of $50. I made it. Vistra’s purchase price ranged from $500,000 to $1 million, while Tempus’ purchase price ranged from $500,000 to $1 million. It was between $50,000 and $100,000.
Ticker Security Last Change Change % VST VISTRA CORP 185.35 +14.49 +8.48% TEM TEMPUS AI 49.12 +1.48 +3.11%
Bipartisan group of senators reaches agreement to ban members from stock trading
Former Speaker of the House Nancy Pelosi and her husband Paul Pelosi attend the Vanity Fair Oscar Party at the Wallis Annenberg Performing Arts Center on March 10, 2024 in Beverly Hills, California. (Michael Tran/AFP via Getty Images/Getty Images)
Paul Pelosi’s investments have come under scrutiny amid calls for a ban on stock trading for members of Congress and their immediate families.
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 the Justice Department’s antitrust lawsuit against the credit card giant. An analysis early last year estimated that Nvidia call options he bought in November 2023 earned the couple nearly $4 million over six months.
Spouses of members of Congress can do business in companies and industries where their partners may help regulate, but it is illegal for members of Congress and their families to profit from inside information.
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Lawmakers on both sides of the political spectrum have proposed legislation in recent years that would ban members of Congress and their families from owning stocks. Bipartisan legislation to do so was developed in the Senate during the last Congress, but neither passed by the end of the 118th Congress, leaving the issue to the current Congress.
FOX Business’ Breck Dumas contributed to this report.
