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Marvell's CFO Sold Over 200,000 Shares, Cashing Out Approximately $60 Million
Svmuu News: Willem Meintjes, Chief Financial Officer of U.S. chip design company Marvell Technology ($MRVL), recently filed Form 144 with the U.S. Securities and Exchange Commission (SEC),declaring the sale of 207,329 shares of common stock, expected to raise approximately $60.13 million, at an average price of $290.03 per share. This sale represents approximately 48% of his current holdings. It is an unscheduled sale executed by Morgan Stanley, and the transaction will be completed on the Nasdaq (NASDAQ) market on June 15, 2026. Marvell Technology is headquartered in Wilmington, Delaware, with SEC filing number 001-40357, and currently has approximately 874.8 million shares outstanding.
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