Summary by Futu AI
Marvell Technology, Inc. (MRVL) reported that Knight Marachel, a person associated with the company, completed a transaction on June 16, 2024, to acquire 4,570 shares of common stock at no cost. The transaction was described as an exercise or conversion of derivative security, conducted indirectly through a trust. Following this transaction, Knight Marachel's beneficial ownership in Marvell Technology's common stock increased to a total of 19,675 shares. The acquisition reflects a strengthening of Marachel's investment in the company, and the transaction has been marked as completed.