Marvell Technology President and Chief Operating Officer Chris Koopmans disclosed a stock sale in a Form 4 filing, according to BlockBeats. The filing shows that on Oct. 1, Koopmans sold a total of 10,000 common shares in a single transaction. The transaction price was $262.05 per share, with the weighted average price also listed at about $262.05. Based on that price, the sale generated roughly $2.6205 million in proceeds. After the transaction, Koopmans directly held 207,941 shares of Marvell Technology common stock. The filing also states that the sale was carried out under a Rule 10b5-1 trading plan. The disclosure was reported by BlockBeats on Oct. 2.
Marvell Technology President and Chief Operating Officer Chris Koopmans filed a Form 4 ownership disclosure, according to BlockBeats on Oct. 2.
The filing shows that Koopmans sold a total of 10,000 common shares in one transaction on Oct. 1. The transaction price was $262.05 per share, and the weighted average price was also about $262.05, for total proceeds of about $2.6205 million.
After the sale, Koopmans directly held 207,941 shares of the company’s common stock.
The transaction was executed under a Rule 10b5-1 trading plan.
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