Santa Clara, CA – On January 15, Mark Casper, Executive Vice President and Chief Legal Officer at Marvell (NASDAQ:) Technology, Inc. (NASDAQ:MRVL), executed a series of stock transactions, culminating in a significant sale on January 17. According to a recent SEC filing, Casper sold 7,755 shares of Marvell Technology common stock at an average price of $123.08, amounting to approximately $954,485. The sale comes as Marvell’s stock trades near its 52-week high of $126.15, with the company’s market capitalization reaching $107.95 billion.
The transactions were part of a 10b5-1 Plan, a prearranged trading plan that allows insiders to sell stocks at predetermined times, ensuring compliance with insider trading laws. The sale followed several acquisitions of common stock through the vesting of restricted stock units (RSUs) earlier in the week.
Post-sale, Casper holds no direct shares but retains indirect ownership of 20,163 shares…
