Summary by Futu AI
Marvell Technology, Inc. has announced that the Koopmans Family Trust, related to an officer of the company, is set to sell 5,000 shares of common stock. The sale is valued at approximately $367,100 and is scheduled for 06/17/2024. The shares to be sold were acquired through an Employee Stock Purchase Plan and as Restricted Stock on various dates, with the most recent acquisition being 600 shares on 06/07/2023. Over the past three months, the trust has sold a total of 10,000 shares, generating gross proceeds of $699,097.5. The notice for the upcoming sale was filed on the same date as the planned sale, 06/17/2024, with the plan for this transaction having been adopted on 07/14/2023.