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 05/15/2024, with an aggregate market value of $342,847.50. The shares to be sold were acquired on 04/15/2022, consisting of 773 restricted stocks and 4,227 performance shares, both obtained directly from the issuer. This transaction follows a recent history of the trust selling 10,000 shares over the past three months, generating total gross proceeds of $688,425. The notice for the upcoming sale was filed on the same date as the planned sale, with the instruction for this transaction given on 07/14/2023.
