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NVIDIA Corporation (NVDA) director A. Brooke Seawell filed a Form 4 covering activity on 26 June 2025. The filing shows the automatic, cost-free award (Transaction Code “Aâ€�) of 1,799 restricted stock units (RSUs) granted as part of the company’s annual board compensation program. These RSUs carry a two-step vesting schedule:

• 50 % on 19 Nov 2025
• 50 % on 20 May 2026

Following the grant, the director’s direct holdings stand at 10,387 common shares. Substantial additional ownership is reported indirectly through three family trusts: 1,000,000 shares (Revocable Trust), 1,679,361 shares (Administrative Trust) and 2,000,000 shares (Survivor Trust). No shares were sold or otherwise disposed of in the reported period.

The filing reflects routine board equity compensation and signals continued insider alignment, but it does not involve open-market purchasing or selling that might indicate a directional view on NVIDIA’s valuation.

Morgan Stanley Finance LLC, guaranteed by Morgan Stanley, is marketing SPX Dual Directional Buffered Participation Securities maturing on August 1, 2030. The note’s performance is linked to the S&P 500 Index (SPX) and offers both upside participation and limited protection against moderate declines.

• Upside mechanics: Investors receive 100% of any index gain, capped by a maximum payment of 147.5%â€�152.5% of principal (≈â€�$1,475â€�$1,525).
• Downside mechanics: A 20% buffer absorbs the first 20% of index losses. Within this range, the note pays an amount equal to the absolute return (e.g., â€�10% SPX = +10% payout). Losses beyond â€�20% are borne on a 1-for-1 basis, up to an 80% maximum loss.
• Key dates: Pricing 7/28/2025, single observation 7/29/2030, maturity 8/1/2030.
• Issue price: $1,000; estimated value: ≈â€�$926.70 (reflects dealer margin and hedging costs).
• Credit & liquidity: Payments depend on Morgan Stanley’s credit. The securities are unlisted, and secondary trading may be limited.

The offering is made under Registration Statement Nos. 333-275587 and 333-275587-01, via preliminary pricing supplement No. 9,061. Prospective investors should review the detailed risk factors and tax considerations before investing.

The Toronto-Dominion Bank (TD) is marketing a new three-year, principal-at-risk structured note: the Autocallable Strategic Accelerated Redemption Securities® linked to the Russell 2000 Index (RTY). Each unit has a $10 face amount and will be sold at par (or $9.95 for purchases �300,000 units). The note can automatically redeem on any of the three annual Observation Dates if the RTY closes at or above the Starting Value (100 % trigger). If called, investors receive a pre-set Call Amount:

• $11.03â€�$11.13 (10.30 â€� 11.30 % premium) after year 1
• $12.06â€�$12.26 (20.60 â€� 22.60 % premium) after year 2
• $13.09â€�$13.39 (30.90 â€� 33.90 % premium) after year 3

If the note is not automatically redeemed, it matures in July 2028. Because the Threshold Value equals the Starting Value (100 %), any negative performance of the RTY reduces principal on a 1-for-1 basis, exposing investors to up to a 100 % loss. There are no periodic coupons.

Pricing economics: initial estimated value is $9.305�$9.605, reflecting TD’s internal funding rate, a $0.20 underwriting discount and a $0.05 hedging-related charge. The notes are senior unsecured obligations of TD and rank pari passu with the bank’s other senior debt. Payments depend on TD’s creditworthiness; the securities are not insured by the FDIC or CDIC.

Liquidity & distribution: no exchange listing; TD, BofA Securities (BofAS) and Merrill Lynch, Pierce, Fenner & Smith (MLPF&S) are not obligated to provide a secondary market. Minimum initial purchase is 100 units. The transaction is a conflict-of-interest distribution under FINRA 5121 because TDS (an affiliate) is an underwriter.

Risk highlights called out by the issuer:

• Full downside exposure if RTY ends below 100 % of Starting Value
• Initial estimated value below issue price; secondary prices likely lower
• Limited liquidity; notes may trade at a substantial discount
• Complex tax treatment; U.S. tax status treated as prepaid derivative but not certain
• Small-cap exposure increases volatility relative to large-cap indices

Overall, the security offers double-digit conditional returns in flat or moderately rising small-cap markets, but investors sacrifice dividends, accept uncapped downside, face issuer credit risk and rely on a limited call schedule for positive outcomes.

The Free Writing Prospectus outlines the key terms of Morgan Stanley Finance LLC’s Contingent Income Auto-Callable Securities linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index (ticker: SPUMP40). The notes offer a contingent coupon of 9.00%-10.00% per annum, paid monthly if the index closes at or above the 50% coupon-barrier on the relevant observation date. Beginning one year after issuance, the securities are auto-callable quarterly at par if the index is at or above its initial level (100% call threshold). If not redeemed early, investors receive par at maturity on 1 Aug 2030 provided the index has not fallen more than 50%. Should the index close below the 50% downside threshold on the final observation date, principal is reduced 1-for-1, exposing investors to substantial loss (e.g., a 51% decline delivers $490 per $1,000 note).

The issue price is $1,000, but Morgan Stanley’s estimated value is $882.50 (±$32.50), reflecting embedded fees and hedging costs. The notes are unsecured, unsubordinated obligations of Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, and will not be listed on any exchange, limiting secondary-market liquidity. Key risks include credit exposure to Morgan Stanley, potential loss of principal, lack of upside participation beyond coupon payments, early-redemption reinvestment risk, tax uncertainty, and the limited operating history and leveraged methodology of the underlier, which incorporates a 4% annual decrement.

• Issuer: Morgan Stanley Finance LLC (guaranteed by Morgan Stanley)
• Maturity: 5 years (Aug 1 2030) with quarterly call from year 1
• Barriers: 50% coupon & downside threshold; 100% call threshold
• CUSIP: 61778NEA5 | Pricing date: 28 Jul 2025 | Estimated value: $882.50

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering five-year S&P 500 Futures Excess Return Index Uncapped Accelerated Barrier Notes (CUSIP 48136FDM1). The notes are linked to the performance of the S&P 500® Futures Excess Return Index and require a $1,000 minimum denomination.

Key economic terms

• Pricing Date: 28 July 2025
• Maturity: 28 June 2030 (single Observation Date 25 June 2030)
• Upside Leverage Factor: â‰� 1.71 (final level set on pricing date)
• Barrier Amount: 70% of the Initial Value
• Estimated Value: not less than $900 per $1,000 note, lower than issue price

Payment at maturity

• If the Final Value > Initial Value: principal + (principal × Index Return × Leverage Factor).
• If Final Value between Barrier and Initial (inclusive): full principal returned.
• If Final Value < Barrier: principal + (principal × Index Return) â€� investors lose more than 30% and up to 100% of principal.

Illustrative total returns range from +111.15% (Index +65%) to �100% (Index �100%).

Risk highlights

• Principal risk: no principal guarantee below the 70% barrier.
• Credit risk: repayment depends on JPMorgan Chase Financial Company LLC and the guarantor JPMorgan Chase & Co.
• No coupons: investors receive no periodic interest.
• Liquidity: JPMS may repurchase in the secondary market but is not obligated; exit prices could be well below par.
• Structural complexities: index differs from spot S&P 500 due to futures roll, potential negative carry and trading halts.
• Estimated value gap: internal valuation is expected to be at least $900, reflecting upfront fees and hedging costs.
• Potential conflicts: JPMorgan acts as calculation agent, hedger and market-maker.

The offering is being made under an effective shelf registration statement; investors should review the prospectus, product supplement and preliminary pricing supplement before investing.

Conagra Brands, Inc. (NYSE: CAG) filed an 8-K announcing that on June 27, 2025 it executed a Third Amended & Restated Revolving Credit Agreement with Bank of America and a syndicate of lenders.

The new facility is an unsecured revolving line of credit of up to $2.0 billion, replacing the company’s prior 2022 agreement. Key terms include:

• Maturity: June 27, 2030, with optional 1- or 2-year extensions available annually.
• Pricing: â€� Term SOFR + 0.805% â€� 1.30% or â€� Base Rate (prime/fed funds/1-m SOFR + 1.00%, whichever is highest) + 0.00% â€� 0.30%, both tied to CAG’s unsecured long-term debt ratings.
• Facility fee: 0.07% â€� 0.20% per annum, payable quarterly, rating-based.
• Covenants: Maximum net leverage and minimum interest-coverage ratios typical for investment-grade borrowers, plus standard affirmative/negative covenants and events of default.
• Usage: No borrowings were outstanding under the prior facility on the closing date; the agreement therefore enhances liquidity without adding immediate debt.

The amendment extends liquidity by roughly three years, maintains investment-grade covenant flexibility, and keeps the credit line unsecured—supporting working-capital needs, potential share repurchases, and bolt-on M&A capacity. While pricing is floating and will fluctuate with ratings and SOFR, the structure preserves optionality and refinancing runway through 2030.

Nvidia Corp. (NVDA) has filed a Form 144 indicating that President and CEO Jen-Hsun Huang intends to sell up to 75,000 shares of common stock on 30 June 2025 through broker Charles Schwab & Co. The planned transaction is valued at approximately $11.8 million, based on the filing’s stated aggregate market value. The shares were acquired via a Performance Stock Award on 20 March 2024 and will be sold on the NASDAQ exchange. The filing lists 24.4 billion shares outstanding, making the proposed sale an immaterial 0.0003 % of total shares.

The notice also discloses that Huang has executed six sales in the previous three months—totalling 375,000 shares between 20 June 2025 and 27 June 2025—for combined gross proceeds of roughly $56.7 million. Together with the upcoming sale, insider disposals reach 450,000 shares within a short window.

Because Form 144 signals an intention rather than a completed trade, the transaction may or may not occur, and no Rule 10b5-1 plan adoption date is provided in the submitted fields. Nonetheless, the filing meets disclosure requirements under SEC Rule 144, offering investors transparency into executive trading activity.

Nvidia (NYSE: NVDA) filed a Form 4 disclosing that EVP, Worldwide Field Ops Ajay K. Puri sold 168,195 common shares on 25 June 2025 under a Rule 10b5-1 plan.

The stock was sold in five blocks at weighted-average prices of $150.00-$154.41, generating roughly $25.6 million in proceeds. After the sale, Puri still beneficially owns about 4.70 million shares (4.02 m via revocable trust, 0.63 m direct, 0.05 m children’s trust).

• The divestiture equals â‰�3.6 % of his aggregate holdings.
• No derivative securities were exercised or disposed.
• Filing confirms willingness to furnish detailed price breakdowns on request.

The transaction is sizable but pre-planned; it may influence short-term sentiment without altering Nvidia’s fundamentals.

NVIDIA Corporation (NVDA) â€� Form 4 insider transaction

Director A. Brooke Seawell reported a series of programmed sales executed between 25-27 June 2025 under a Rule 10b5-1 trading plan adopted on 19 March 2025 to meet estate-tax obligations. The transactions were carried out through The Rosemary & A. Brooke Seawell Revocable Trust.

• Total shares sold: 155,209 common shares
• Price range: weighted-average sale prices from $149.97 to $158.43 per share
• Gross proceeds: â‰� $23â€�24 million (derived from disclosed share counts and prices)

Following the sales, Seawell continues to hold substantial equity:

• 1,679,361 shares in the Administrative Trust (directly affected by the sales)
• 1,000,000 shares in a separate Revocable Trust
• 2,000,000 shares in a Survivor Trust

The filings indicate no derivative transactions and no change in Seawell’s board status. Because the sales were executed under a pre-arranged plan and beneficial ownership remains above 4.6 million shares, the transactions appear to be liquidity-driven rather than signaling a strategic reduction of exposure. Nevertheless, the magnitude of the sale (� 3 % of reported holdings) may draw short-term attention from investors who monitor insider sentiment.