Form 4: Marvell Technology COO Chris Koopmans Sells 6,000 Shares Under 10b5-1 Plan

Marvell Technology's Chief Operating Officer, Chris Koopmans, sold 6,000 shares of common stock at $65 per share on May 12, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Chris Koopmans, the Chief Operating Officer of Marvell Technology, sold 6,000 shares of common stock on May 12, 2025.
• The sale was executed at a price of $65 per share.
• The transaction was conducted under a pre-existing 10b5-1 trading plan adopted on June 17, 2024.
• Following the transaction, Koopmans directly owns no shares but indirectly owns 98,065 shares through a family trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan, so it has a neutral sentiment.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 plans allows corporate insiders to sell shares over a predetermined period, avoiding concerns about trading on non-public information. The market typically views these sales in the context of the overall trading volume and the company's performance.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Marvell Technology, Chris Koopmans, stock sale, Form 4, 10b5-1 plan, insider trading, MRVL, Chief Operating Officer