House Speaker Nancy Pelosi and her husband, Paul. He sold 8,000 Apple shares on May 8, reaping more than $2.4 million.
Photograph by Zach Gibson/Getty ImagesHouse Speaker Nancy Pelosirecently disclosed that her husband, Paul, sold millions of dollars of stock in May, including large blocks of Apple, Facebook, and Visa.
Businessman Paul Pelosi sold 8,000 Apple (ticker: AAPL) shares on May 8 for a total reported range of between $2 million and $7 million. Specific figures aren’t required for disclosure, only ranges. On that day, Apple stock traded from an intraday low of $304.29 to a high of $310.35, so the total value of his sale of the iPhone maker’s shares can be narrowed to a range of $2,434,320 to $2,482,800.
His most recent previous transactions in Apple stock were in 2018 when he was buying in February and September of that year.
Paul Pelosi sold 5,000 Facebook shares on May 8 for a total stated range of $1 million to $5 million. Facebook stock traded between $210.85 and $213.21 that day, so the value range of Paul Pelosi’s sale can be narrowed to between $1,054,250 and $1,066,050.
In February, he was acquiring shares of the social-media giant through stock options.
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Paul Pelosi also sold 6,000 Visa shares on May 8 for a total stated range of $1 million to $2 million. Visa stock traded that day between $183.62 and $185.75, narrowing the value of his sale to between $1,101,720 and $1,114,500.
His most recent transactions in Visa stock was when he sold shares of the card giant in August.
Speaker Pelosi and Paul Pelosi didn’t respond to separate requests for comment on the stock sales.
Ordinarily, a private investor such as Paul Pelosi wouldn’t be obligated to publicly report personal stock trades. But public officials are required to report transactions valued at more than $1,000 made by them, their spouses, and any dependent children. Generally, they have 30 days to do so.
Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Ed Lin at edward.lin@barrons.com
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Nancy Pelosi’s Husband Sold Millions of Dollars of Apple, Facebook, and Visa Stock - Barron's
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