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Marvell CFO sells more than 200,000 shares, cashing out approximately $60 million
BlockBeats News, June 16 — American chip design company Marvell Technology ($MRVL) Chief Financial Officer Willem Meintjes recently filed Form 144 with the U.S. Securities and Exchange Commission (SEC), reporting the sale of 207,329 common shares, with an estimated cash-out amount of approximately $60.13 million, at an average price of $290.03 per share.
This sale accounts for about 48% of his current holdings and is an unplanned sale, executed by Morgan Stanley Smith Barney. The transaction 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 registration number 001-40357. The current total number of outstanding shares is approximately 874.8 million.