Early Nvidia advisor says he's owed $1 billion in stock due to a 1993 vesting error, but Nvidia rejected settlement

Former Nvidia advisor Eric Gullichsen says that he is “owed a billion dollars in NVDA stock,” according to his blog post titled the same. The post says that Gullichsen, an early Nvidia Technical Advisory Board member, was granted 25,000 options in September 1993.

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Re-reading the grant in 2024, he says, showed that it was meant to vest in four quarters, or a year, instead of over four years. An April 1996 CFO letter counted 15,625 vested, so 9,375 more shares should have vested too, he added. After a combined 480x in splits, this would be 4.5 million shares, or about $1.01 billion at Nvidia’s Sept. 25 close of $225.07, in line with his “about a billion dollars.” …