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 on April 15, 2024. The shares, valued at an aggregate market value of $356,250, were originally acquired from the issuer as performance shares on April 15, 2022. Over the past three months, the trust has sold a total of 15,000 shares, generating gross proceeds of $998,395. The notice of the upcoming sale was filed on the same date as the planned sale, with the instruction for the sale having been adopted on July 14, 2023.