Trust of Marvell (NASDAQ: MRVL) COO sells 10K company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marvell Technology, Inc. President and COO Chris Koopmans reported an open-market sale of 10,000 shares of common stock on behalf of a family trust. The shares were sold at a weighted average price of $162.76 per share under a pre-arranged Rule 10b5-1 trading plan adopted on January 5, 2026. After this transaction, the Christopher R. Koopmans and Heather J. Koopmans Family Trust continued to hold 209,592 shares of Marvell common stock indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($1,627,600)
Net Sell
1 txn
Insider
Koopmans Chris
Role
President and COO
Sold
10,000 shs ($1.63M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $162.76 | $1.63M |
Holdings After Transaction:
Common Stock — 209,592 shares (Indirect, By Trust)
Footnotes (1)
- Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on January 5, 2026. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.57 to $164.39, 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. Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $162.76 per share
Shares held after transaction: 209,592 shares
+1 more
4 metrics
Shares sold
10,000 shares
Open-market sale on May 1, 2026
Weighted average sale price
$162.76 per share
Common stock sale by family trust
Shares held after transaction
209,592 shares
Indirect holdings by family trust following sale
Price range of executions
$159.57–$164.39 per share
Multiple trades within reported range
Key Terms
Rule 10b5-1 Plan, weighted average price, Family Trust, open-market sale
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 in multiple transactions"
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.
Family Trust financial
"Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did MRVL executive Chris Koopmans report?
Chris Koopmans reported an open-market sale of Marvell common stock by a related family trust. The Form 4 shows 10,000 shares sold on May 1, 2026, reflecting a planned disposition rather than a new purchase of MRVL shares.
Was the MRVL insider sale by Chris Koopmans under a Rule 10b5-1 plan?
Yes. The filing states that the sales were made under a Rule 10b5-1 trading plan adopted by the reporting person on January 5, 2026. Such pre-arranged plans allow insiders to systematically sell shares according to preset instructions over time.