Summary by Moomoo AI
Marvell Technology's President of Products & Tech, Muhammad Raghib Hussain, completed a significant transaction involving the company's common stock on April 15, 2024. Hussain executed a series of derivative securities exercises, resulting in the acquisition of 63,184 shares at no cost. Concurrently, he disposed of 31,330 shares at a price of $67.88 each, totaling a market value of $2,126,680.40. These transactions were part of a payment for exercise price or tax liability, typically involving the delivery or withholding of securities. Following these transactions, Hussain's direct holdings in Marvell Technology amounted to 887,971 shares. Additionally, he has an indirect beneficial ownership of 88,081 shares held by family trusts.