Summary by Futu AI
Marvell Technology's Chair of the Board, President, and CEO, Matthew J. Murphy, completed a series of transactions involving the company's common stock on January 15 and 16, 2024. Murphy executed the sale of 30,000 shares on January 16 at a price of $65.59 per share, resulting in a total market value of $2,694,383.52. Prior to this sale, on January 15, Murphy acquired a total of 24,706 shares through the exercise of derivative securities at no cost, and disposed of 41,064 shares to cover exercise prices or tax liabilities, with prices ranging from $65.59 to $65.68 per share. Following these transactions, Murphy's indirect beneficial ownership by trust stands at 792,929 shares of Marvell Technology common stock.