Marvell CFO Sells Over 200,000 Shares, Cashing Out Approximately $60 Million

Odaily reports that Willem Meintjes, Chief Financial Officer of US chip design company Marvell Technology ($MRVL), recently filed Form 144 with the U.S. Securities and Exchange Commission (SEC), reporting the sale of 207,329 common shares. The transaction is expected to yield approximately $60.13 million, with an average selling price of $290.03 per share.

This sale represents about 48% of his current holdings and is an unscheduled transaction, executed by Morgan Stanley Smith Barney. The trade will be completed on the NASDAQ market, with a sale date of June 15, 2026.

Marvell Technology is headquartered in Wilmington, Delaware, has an SEC filing number of 001-40357, and currently has approximately 874.8 million shares outstanding.