Marvell (MRVL) President and COO Chris Koopmans sells 10,000 shares via 10b5-1 plan
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. The shares were sold at a weighted average price of $281.92 per share and are held indirectly through the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
The sale was executed pursuant to a pre‑arranged Rule 10b5‑1 trading plan adopted on January 5, 2026. Following this transaction, total reported holdings are 227,754 shares, which include 362 shares purchased on June 5, 2026 under Marvell’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insights
Routine 10b5‑1 sale of a small portion of existing holdings.
Marvell’s President and COO, Chris Koopmans, reported selling 10,000 shares of common stock at a weighted average price of $281.92. The transaction is coded as an open‑market sale and is executed through a family trust.
The filing notes the sale was made under a pre‑arranged Rule 10b5‑1 Plan adopted on January 5, 2026, indicating it was scheduled in advance rather than timed opportunistically. After the sale, reported holdings total 227,754 shares, suggesting the transaction represents a relatively small portion of the visible position.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($2,819,200)
Net Sell
1 txn
Insider
Koopmans Chris
Role
President and COO
Sold
10,000 shs ($2.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $281.92 | $2.82M |
Holdings After Transaction:
Common Stock — 227,754 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 rounded to the nearest cent ranging from $279.46 to $283.70, 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. Total holdings includes 362 shares purchased on June 5, 2026 under Marvell Technology, Inc.'s Employee Stock Purchase Plan. Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $281.92 per share
Shares outstanding after transaction (reported holdings): 227,754 shares
+2 more
5 metrics
Shares sold
10,000 shares
Open-market sale on Form 4
Weighted average sale price
$281.92 per share
Common stock sale
Shares outstanding after transaction (reported holdings)
227,754 shares
Total holdings following sale
Shares purchased via ESPP
362 shares
Purchased on June 5, 2026 under ESPP
Net buy/sell shares
-10,000 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1 Plan, weighted average price, Employee Stock Purchase Plan, Family Trust
4 terms
Rule 10b5-1 Plan regulatory
"Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on January 5, 2026."
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.
Employee Stock Purchase Plan financial
"Total holdings includes 362 shares purchased on June 5, 2026 under Marvell Technology, Inc.'s Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Family Trust financial
"Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust."
FAQ
What insider transaction did Marvell (MRVL) President and COO Chris Koopmans report?
Chris Koopmans reported an open-market sale of 10,000 shares of Marvell common stock. The sale was executed indirectly through a family trust at a weighted average price of $281.92 per share, according to the Form 4 filing.
Was the Marvell (MRVL) insider sale by Chris Koopmans made under a Rule 10b5-1 plan?
Yes. The filing states the sales were made pursuant to a Rule 10b5-1 trading plan adopted on January 5, 2026. Such plans pre-schedule trades, indicating the timing was set in advance rather than decided at the moment of sale.
What does the Form 4 say about recent ESPP purchases by Chris Koopmans at Marvell (MRVL)?
The footnotes state that total holdings include 362 shares purchased on June 5, 2026 under Marvell Technology, Inc.'s Employee Stock Purchase Plan. This clarifies that a portion of the reported holdings comes from ongoing employee share purchase activity.