Form 4: Marvell Technology EVP, Chief Operations Officer Chris Koopmans Sells 6,000 Shares
SEC Form 4
Chris Koopmans, EVP and Chief Operations Officer of Marvell Technology, sold 6,000 shares of common stock on September 16, 2024, at a price of $73.87 per share.
Summary
- Chris Koopmans, an executive at Marvell Technology, sold 6,000 shares of the company's common stock on September 16, 2024.
- The sale was executed at a price of $73.87 per share.
- Following the transaction, Koopmans directly owns no shares but indirectly owns 109,781 shares through a family trust.
- The sale was conducted under a pre-arranged 10b5-1 trading plan established on June 17, 2024.
Sentiment
Score: 5
Explanation: The document simply reports a stock sale by an executive, which is neutral in sentiment. The sale was pre-planned under a 10b5-1 plan.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| June 17, 2024 | Date of the 10b5-1 trading plan. |
| September 16, 2024 | Date of the stock sale transaction. |
| September 17, 2024 | Date of the Form 4 filing. |
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