Marvell Technology CAO Sells Over 50% of Direct Stake
Marvell Technology, Inc.
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Filing Summary
# Insider Transaction Alert: Marvell Technology, Inc. (MRVL)
- **Insider:** Justin Scarpulla
- **Role:** SVP, Chief Accounting Officer
- **Transaction:** Open Market Sale (Code: S)
- **Shares Sold:** 1,100 shares @ $273.59
- **Total Value:** $300,949.00
- **Remaining Holdings:** 909 shares
- **Significance:** Medium (Disposition of ~54.8% of direct holdings; non-10b5-1)
Comprehensive Analysis
Executive Summary
On October 8, 2026, Justin Scarpulla, Senior Vice President and Chief Accounting Officer of Marvell Technology, Inc. ($MRVL), executed an open-market sale of 1,100 shares of Common Stock at an average price of $273.59 per share, totaling approximately $300,949.
Transaction Details
- Security: Common Stock
- Transaction Code: S (Open market sale)
- Shares Disposed: 1,100
- Price Per Share: $273.59
- Gross Proceeds: $300,949.00
- Post-Transaction Holdings: 909 shares (Direct)
- 10b5-1 Plan Indicator: The filing does not indicate that this sale was executed pursuant to a Rule 10b5-1 trading plan (
aff10b5Oneis marked0).
Materiality & Market Context
While the gross dollar value of ~$301K is relatively modest in the context of Marvell's multi-billion dollar market capitalization, the sale represents approximately 54.8% of the insider's direct holding prior to the transaction (2,009 shares reduced to 909 shares). The absence of an indicated Rule 10b5-1 plan elevates its significance, warranting a Medium rating.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.