Marvell Technology’s outgoing CFO, Willem Meintjes, filed a notice of proposed sale for 211,329 shares. The block of shares is valued at approximately $65.3 million based on the previous day's closing price. This filing signals an intent to sell rather than a completed transaction.
Meintjes is currently transitioning out of his executive role. Former Adobe CFO Dan Durn succeeded him on June 15. Meintjes will continue to serve as an advisor to Marvell until April 2027.
Marvell’s stock is currently trading near all-time highs. The company has realized significant year-to-date gains fueled by its AI-related business.