Marvell CFO Sells Over 200,000 Shares, Cashing Out Around $60 Million

BlockBeats News, June 16, Willem Meintjes, the Chief Financial Officer of the U.S. chip design company Marvell Technology ($MRVL), recently filed Form 144 with the U.S. Securities and Exchange Commission (SEC) to report the sale of 207,329 shares of common stock. The estimated proceeds from the sale are approximately $60.13 million, with a transaction price of $290.03 per share.

This sale represents about 48% of his current holdings, is an unplanned sale, and is being executed by Morgan Stanley Wealth Management. The transaction will take place on the Nasdaq market, with the sale date set for June 15, 2026. Marvell Technology is headquartered in Wilmington, Delaware, with SEC filing number 001-40357, and currently has approximately 874.8 million shares outstanding.

Meintjes had previously informed the company of his resignation from the CFO position on June 10, and officially stepped down on June 15, to be succeeded by Dan Durn, the former CFO of Adobe.