House Speaker Nancy Pelosi (D-Calif.) disclosed that her husband, Paul Pelosi, invested millions in Nvidia Corporation and sold large quantities of Visa and Apple stocks and call options in June.
The congresswoman reported three new stock and stock option trades made by her husband last month in a disclosure filed with the House of Representatives on July 14.
According to the filing, Paul Pelosi exercised 200 call options, or 20,000 shares, of Nvidia at a strike price of $100 and expiration of June 17, 2022, worth between $1 million and $5 million.
On that same date, her husband also sold 50 call options in Apple at a strike price of $100, with the transaction listed with a value of between $100,000 and $250,000.
Call options are a contract between a buyer and a seller to purchase a certain stock, bond, commodity, or other assets at a certain price up until a defined expiration date.
Her financier husband, who is estimated to be worth in excess of $100 million, also sold 10,000 shares of Visa worth between $1 million and $5 million on June 21, according to the filing.
Earlier last month, Pelosi disclosed that her husband had purchased options to buy shares of Apple Inc. and Microsoft Corp. worth upwards of $2 million.
Paul Pelosi owns and operates a San Francisco-based real estate and consulting firm.
He was charged last month with driving under the influence and causing injury after being arrested in May.
Debate Stalls Over Trading In Congress
The stock disclosures come as Congress stalled its debate over whether lawmakers and their spouses should be allowed to buy, sell, and hold individual stocks.
Pelosi initially opposed the move to bar lawmakers from trading stock, telling reporters in December last year, “We are a free-market economy,” and that “they should be able to participate in that.”
