Marvell CTO plans second $5M+ share sale in 3 months

Rhea-AI Filing Summary

Marvell Technology, Inc. (MRVL) – Form 144 filing

Executive Muhammad Raghib Hussain has filed notice to sell up to 71,884 common shares through Morgan Stanley Smith Barney, with an aggregate market value of roughly $5.25 million based on recent prices. The shares stem from a stock-option exercise dated 23 Jul 2025; payment was made in cash. The proposed sale is slated to begin 23 Jul 2025 on Nasdaq. Hussain previously sold 78,324 shares for ~$5.94 million on 20 Jun 2025, bringing potential combined insider disposals over the last three months to about 150,000 shares worth ≈ $11.2 million. No adverse, non-public information was asserted by the filer.

Insights

Equity Research Analyst

TL;DR: Insider plans additional ~$5.3 M sale, follows $5.9 M June sale; modest dilution but may signal profit-taking.

The Form 144 indicates CTO Muhammad Raghib Hussain’s intent to liquidate 71.9 k shares, roughly 0.01 % of MRVL’s 862 M shares. While numerically immaterial to float, this follows a similarly sized June sale and lifts his rolling 3-month disposals to ~150 k shares (~$11 M). Clustering of insider sales after option exercises is common and doesn’t necessarily imply negative outlook, yet multiple sales close together can influence sentiment, especially ahead of earnings. The filing reveals no undisclosed adverse information. Overall, the sale is unlikely to affect valuation but may weigh slightly on near-term perception.

Governance & Insider-Trading Specialist

TL;DR: Repeated insider selling bears monitoring; size immaterial, pattern noteworthy.

Hussain’s cumulative ~150 k share disposition over three months remains well under Rule 144 volume limits (1 % or avg. weekly trading). However, repetitive sales can attract scrutiny if coinciding with material events. As the shares derive from recent option exercises, the move seems liquidity-motivated. Investors should observe whether other executives emulate this selling cadence, which could collectively hint at valuation concerns. Presently, impact is neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	71884	5252786.72	862200000	07/23/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/23/2025	Stock Option Exercise	Issuer			71884	07/23/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
MUHAMMAD RAGHIB HUSSAIN 1000 N. West Street, Suite 1200 Wilmington DE 19801	COMMON	06/20/2025	78324	5940000.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Marvell (MRVL) shares does CTO Muhammad Raghib Hussain plan to sell?

The Form 144 covers 71,884 common shares.

What is the estimated market value of the proposed MRVL share sale?

Approximately $5.25 million based on recent pricing.

When is the planned sale date for the MRVL shares?

The filing lists an approximate sale date of 23 Jul 2025.

Has the insider sold MRVL shares recently?

Yes, 78,324 shares were sold on 20 Jun 2025 for about $5.94 million.

Do these insider sales materially affect Marvell’s share count?

No. The combined 150 k shares represent roughly 0.02 % of the 862 M shares outstanding.