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Marvell Technology Shares Fall After Outgoing CFO Offloads Shares Before Exit

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Marvell Technology (MRVL) shares fell 4.6% in Tuesday trading, a day after outgoing chief financial officer Willem Meintjes filed to sell a total of 211,329 common shares, according to Form 144 filings with the US Securities and Exchange Commission.

Meintjes also said in a separate Form 4 filing that he owns a total of 227,037 shares of the company.

Marvell said on June 11 that it has named Dan Durn as CFO, starting June 15, succeeding Meintjes, who will remain in an advisory role through April 2027.

Price: $294.69, Change: $-14.19, Percent Change: -4.59%

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