Summary by Moomoo AI
Marvell Technology, Inc. has announced that the Koopmans Family Trust, an entity related to an officer of the company, is set to sell 5,000 shares of common stock. The sale is expected to occur on 03/15/2024, with an aggregate market value of the shares at approximately $332,175. The shares were originally acquired by the trust from the issuer on 04/15/2022 as performance shares. Over the past three months, the trust has sold a total of 10,000 shares, generating gross proceeds of $666,220. The notice for the upcoming sale was filed on the same date as the planned sale, 03/15/2024, following an instruction plan adopted on 07/14/2023.