Nancy Pelosi’s Latest Periodic Transaction Report filed 1/17/2025

Date Filed: January 17, 2025 (Filing ID #20026590)

Filer: Hon. Nancy Pelosi (CA‐11)

On January 17, 2025, Representative Nancy Pelosi submitted a Periodic Transaction Report in accordance with the STOCK Act, revealing several notable trades executed in late 2024 and early 2025. The filing details a series of stock purchases and sales, including call option transactions for major technology and energy companies.

Below is a summary of the key transactions:

1. Alphabet Inc. (GOOGL) – Common Stock [Options Purchase]

• Transaction Type: Purchase of 50 call options

• Transaction Date: 01/14/2025

• Amount (Range): $250,001–$500,000

• Strike Price & Expiration: $150 strike; expires 01/16/2026

• Details: Representative Pelosi purchased 50 call option contracts, indicating a bullish view on Alphabet’s performance through January 2026.

2. Amazon.com (AMZN) – Common Stock [Options Purchase]

• Transaction Type: Purchase of 50 call options

• Transaction Date: 01/14/2025

• Amount (Range): $250,001–$500,000

• Strike Price & Expiration: $150 strike; expires 01/16/2026

• Details: Similar in structure to the Alphabet trade, 50 call option contracts on Amazon were acquired with a 2026 expiration date.

3. Apple Inc. (AAPL) – Common Stock [Partial Sale]

• Transaction Type: Partial sale of shares

• Transaction Date: 12/31/2024

• Amount (Range): $5,000,001–$25,000,000

• Details: Representative Pelosi sold 31,600 shares of Apple. This was the largest transaction by dollar amount disclosed in the filing.

4. NVIDIA Corporation (NVDA) – Common Stock [Partial Sale and Purchases]

• Partial Sale:

• Transaction Date: 12/31/2024

• Amount (Range): $1,000,001–$5,000,000

• Shares Sold: 10,000

• Purchase (Exercised Options):

• Transaction Date: 12/20/2024

• Amount (Range): $500,001–$1,000,000

• Details: Exercised 500 call options (representing 50,000 shares) originally purchased on 11/22/2023 and 11/23/2023 at a $12 strike price, with an expiration date of 12/20/2024.

• Purchase of New Call Options:

• Transaction Date: 01/14/2025

• Amount (Range): $250,001–$500,000

• Strike Price & Expiration: Not specified in detail on the summary, but consistent with other calls expiring in 2026 (as indicated in the filing).

5. Palo Alto Networks, Inc. (PANW) – Common Stock [Exercise of Options]

• Transaction Type: Exercised 140 call options, originally bought on 2/12/24 & 2/21/24

• Strike Price: $100

• Expiration Date: 12/20/2024

• Amount (Range): $1,000,001–$5,000,000

• Details: This transaction involved exercising 140 call contracts (totaling 14,000 shares).

6. Tempus AI, Inc. (TEM) – Common Stock [Options Purchase]

• Transaction Type: Purchase of 50 call options

• Transaction Date: 01/14/2025

• Amount (Range): $50,001–$100,000

• Strike Price & Expiration: $20 strike; expires 01/16/2026

7. Vistra Corp. (VST) – Common Stock [Options Purchase]

• Transaction Type: Purchase of 50 call options

• Transaction Date: 01/14/2025

• Amount (Range): $500,001–$1,000,000

• Strike Price & Expiration: $50 strike; expires 01/16/2026

1. Diverse Technology Focus: The majority of these trades involve large‐cap technology names (Alphabet, Amazon, Apple, and NVIDIA). The addition of Palo Alto Networks, a leading cybersecurity firm, further underscores the focus on tech.

2. Options Activity: A significant portion of the filing centers on call options—purchases for Alphabet, Amazon, Tempus AI, and Vistra, as well as exercised options for NVIDIA and Palo Alto Networks. This may suggest bullish views on technology and energy stocks heading into 2025 and 2026.

3. Large Apple Sale: A partial sale of Apple stock in late December 2024, in the range of $5 million–$25 million, stands out as one of the single biggest moves. Some might interpret this as profit‐taking after Apple’s strong performance in recent years, although the filing itself does not provide the purchase prices or exact rationale.

4. STOCK Act Compliance: As a sitting Member of Congress, Representative Pelosi is obligated to disclose these transactions. The requirement is to file a Periodic Transaction Report within specified time frames once trades exceed certain amounts.

5. Market Reactions and Public Scrutiny: Trades by high‐profile lawmakers often attract public attention, especially when they involve leading tech companies. Whether there are political or macroeconomic implications is a matter of ongoing debate, but the transparency requirements aim to provide the public with timely disclosure of potential conflicts of interest.

Representative Nancy Pelosi’s latest filing continues a pattern of sizable trades in technology stocks, including both new call option positions and significant share sales in Apple and NVIDIA. The disclosure offers insight into her (or her family’s) ongoing investment interests, primarily within fast‐growing tech sectors. As with all congressional stock transactions, these filings are intended to ensure that lawmakers’ trading activities remain transparent to the public.

Disclaimer: This summary is based on the publicly visible Periodic Transaction Report and does not constitute financial or investment advice. All data and transaction details come from the filing as required under the STOCK Act. For exact figures and further specifics, readers can reference the official filing available through the Clerk of the House of Representatives.