Odaily reported that Willem Meintjes, chief financial officer of U.S. chip design company Marvell Technology ($MRVL), recently submitted a Form 144 filing to the U.S. Securities and Exchange Commission. The filing reports a proposed sale of 207,329 shares of common stock.
The filing lists an estimated value of about $60.13 million
According to the disclosed filing information, the planned transaction is expected to generate approximately $60.13 million in proceeds. The average transaction price is listed at $290.03 per share. The reported number of shares, estimated proceeds and per-share price were all included in the Form 144 submission.
The sale represents about 48% of Meintjes’ current holdings. The filing classifies the transaction as a non-planned sale. Morgan Stanley Smith Barney is listed as the firm executing the transaction on behalf of the Marvell executive.
Transaction to be completed on Nasdaq
The sale is scheduled to be completed on the Nasdaq market, with the sale date listed as June 15, 2026. The filing identifies the security as Marvell Technology common stock and provides the execution venue, broker information, number of shares and estimated transaction value.
Marvell Technology is headquartered in Wilmington, Delaware. The company’s SEC filing number is 001-40357. The disclosure also states that Marvell currently has approximately 874.8 million shares outstanding.
The central details of the filing are therefore concentrated on a senior executive’s stock transaction: the seller is CFO Willem Meintjes, the issuer is Marvell Technology, the reported amount is 207,329 common shares, and the estimated proceeds are about $60.13 million. The transaction is set to be carried out through Nasdaq with Morgan Stanley Smith Barney acting as the executing firm.