Former Nvidia advisor claims $1B in stock options due to vesting error
Summary
Eric Gullichsen, a former advisor to Nvidia, has claimed that he is owed approximately $1 billion in stock due to a vesting error in a 1993 agreement. According to Gullichsen, his signed grant specified that 25,000 options would fully vest within one year; however, Nvidia allegedly applied a four-year vesting schedule, resulting in a shortfall of 9,375 options. The significant value of these options has escalated due to Nvidia's numerous stock splits over the years, making them worth roughly $1.01 billion at the company's recent closing price. Gullichsen discovered the discrepancy while reviewing documents in 2024, and although he approached Nvidia for a settlement, the company rejected his proposal for a lesser amount. The disagreement revolves around conflicting historical documents, and as of now, the claim has not been adjudicated by a court.
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