Form 4: Marvell Technology COO Chris Koopmans Sells 6,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Marvell Technology's Chief Operating Officer, Chris Koopmans, sold 6,000 shares of common stock at a price of $68.83 per share on March 17, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 17, 2025, Chris Koopmans, the Chief Operating Officer of Marvell Technology, Inc., sold 6,000 shares of the company's common stock.
- The sale was executed at a price of $68.83 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on June 17, 2024.
- Following the transaction, Koopmans directly owns 81,931 shares, with additional shares held indirectly through a family trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of adoption of the 10b5-1 trading plan. |
| 03/17/2025 | Date of the stock sale transaction. |
| 03/18/2025 | Date of the Form 4 filing. |
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