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 US Securities and Exchange Commission (SEC), reporting the sale of 207,329 shares of common stock, with an estimated cash proceeds of approximately $60.13 million at an average price of $290.03 per share.

This sale accounts for approximately 48% of his current holdings and is a non-scheduled transaction, executed by Morgan Stanley Smith Barney. The trade will be completed on the NASDAQ market, with the sale date set for June 15, 2026.

Marvell Technology is headquartered in Wilmington, Delaware, with SEC file number 001-40357. The company currently has approximately 874.8 million shares outstanding.