Marvell COO trust sells 10K shares at $203
Marvell’s President and COO, via a family trust, executed a 10,000‑share Rule 10b5-1 plan sale and now indirectly holds 217,941 MRVL shares.
Rhea-AI Filing Summary
Marvell Technology, Inc. (MRVL) reports that President and COO Chris Koopmans, through the Christopher R. Koopmans and Heather J. Koopmans Family Trust, sold 10,000 shares of common stock on September 1, 2026 at a weighted average price of $203.27 per share. The sale was made pursuant to a Rule 10b5-1 trading plan adopted on January 5, 2026. Following this transaction, the trust holds 217,941 shares of Marvell common stock indirectly.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
Koopmans Chris
Role
President and COO
Sold
10,000 shs ($2.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 10,000 | $203.27 | $2.03M |
Holdings After Transaction:
Common Stock — 217,941 shares (Indirect, By Trust)
Footnotes (3)
- F1. Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on January 5, 2026.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices rounded to the nearest cent ranging from $200.72 to $206.18, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- F3. Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $203.27 per share
Sale price range: $200.72–$206.18 per share
+2 more
5 metrics
Shares sold
10,000 shares
Common stock sale on September 1, 2026 by family trust
Weighted average sale price
$203.27 per share
Average price for the 10,000 MRVL shares sold
Sale price range
$200.72–$206.18 per share
Range of prices for multiple transactions included in the sale
Shares held after transaction
217,941 shares
Indirect holdings by the family trust following the sale
Rule 10b5-1 plan adoption date
January 5, 2026
Trading plan under which the September 1, 2026 sale was executed
Key Terms
Rule 10b5-1 Plan, weighted average price, indirect, Family Trust
4 terms
Rule 10b5-1 Plan regulatory
"Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price reported is a weighted average price. These shares were sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect financial
"The filing classifies the ownership as indirect with nature of ownership"
Family Trust financial
"Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust"
FAQ
What insider transaction did MRVL report for President and COO Chris Koopmans?
Marvell reported that President and COO Chris Koopmans, via a family trust, sold 10,000 shares of MRVL common stock on September 1, 2026 in an open-market or private transaction under a Rule 10b5-1 trading plan.
Was the MRVL insider sale by Chris Koopmans under a Rule 10b5-1 plan?
Yes. A footnote states the sales were made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on January 5, 2026, and the filing’s Rule 10b5-1 checkbox is affirmed.
AI-generated analysis. How Rhea-AI works. Not financial advice.