House Speaker Nancy Pelosi’s husband, Paul Pelosi, exercised call options on $1 million to $5 million worth of stock for Alphabet Inc., Google’s parent company, as legislation was being drafted to ban Capitol Hill lawmakers and immediate family members from purchasing individual stocks, according to House document dated Oct. 14.
The transaction date of the House’s Periodic Transaction Report is Sept. 16. At that time, several different stock ban bills had been proposed in the House. The House Democratic leadership’s version was rolled out about one week after Pelosi, a wealth investor, exercised his call options.
A call option is a financial contract that gives the buyer the option, but not the obligation, to buy a stock, bond, commodity or other asset.
Speaker Pelosi ultimately did not put the stock ban legislation up for a vote before the House recess began.