Marvell's CFO sold over 200,000 shares, cashing out approximately $60 million.

According to Odaily Planet Daily, Willem Meintjes, CFO of Marvell Technology ($MRVL), a US chip design company, recently filed Form 144 with the US Securities and Exchange Commission (SEC) to sell 207,329 shares of common stock, expecting to raise approximately $60.13 million at an average price of $290.03 per share. This sale represents approximately 48% of his current holdings and is an unplanned sale, executed by Morgan Stanley Smith Barney. The transaction will be completed on the NASDAQ market on June 15, 2026. Marvell Technology is headquartered in Wilmington, Delaware, with SEC filing number 001-40357, and currently has approximately 874.8 million shares outstanding.