WASHINGTON (TND) — A fresh batch of federal records reportedly show outgoing House Speaker Nancy Pelosi's husband sold millions of dollars worth of Visa stock in November.
Paul Pelosi sold 20,000 shares of Visa stock on November 8, according to federal records obtained by Business Insider.
The amount those shares were collectively worth is presented as a range in the records, showing a value of $1 million to $5 million.
Insider reports that "members of Congress are only required to report the values of such trades in broad ranges."
It's unclear exactly how much Paul Pelosi sold his 20,000 shares for based on provided data, but supplemental data gives a hint.
Stock records show that Visa opened on Nov. 8 with a stock value of $201.66 per share and obtained a high of $204.12 per share. If Pelosi's 20,000 shares were all sold at the highest price that day, he'd have earned an estimated $4,082,400.
Visa stock had hit a two-year low in September, according to Insider, but it was trending upward when Paul Pelosi sold his shares, and reportedly continues to trend upward as of today.
Nancy Pelosi reportedly does not personally trade stocks due to her position as a lawmaker, and she has denied providing her husband with insider information despite Paul Pelosi making some controversial trades.
Paul Pelosi made headlines in July by controversially trading stock in a computer chip company ahead of a scheduled congressional vote on the semiconductor industry. Paul's million-dollar purchase of stock in Nvidia, a semiconductor company known for its high-end graphics cards and processors for PCs, came right as Congress was set to vote on up to $52 billion dollars worth of subsidies for the industry. The purchase drew attention and scrutiny.
Some have accused Pelosi's family of engaging in insider trading. Insider reports that it has collected each of Pelosi's reported trades made in 2021 and 2022.
Paul Pelosi also made headlines this year for pleading guilty to a misdemeanor charge of driving under the influence, and also being attacked with a hammer in his own home.
Nancy Pelosi is stepping down as Speaker of the House, but she will still remain a member of Congress.