Bharathi Sandeep 4
4 · Marvell Technology, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Marvell (MRVL) President Bharathi Sandeep Sells 44,414 Shares
What Happened
Bharathi Sandeep, President of Marvell's Data Center Group, sold 44,414 shares of Marvell common stock on March 26, 2026. The reported weighted-average price was $99.61, for aggregate proceeds of approximately $4,424,079. The filing identifies the transactions as sales (S) and notes they were executed pursuant to a 10b5-1 trading plan.
Key Details
- Transaction date: 2026-03-26; Form 4 filed 2026-03-27 (filed the next business day; not marked late).
- Price: weighted average $99.61; actual sale prices ranged from $98.00 to $100.36. The reporting person will provide a per-price breakdown to Marvell, any shareholder, or the SEC staff upon request.
- Shares sold: 44,414; proceeds ≈ $4,424,079.
- Shares owned after transaction: the Form 4 does not state a precise post-sale total; the filing notes total holdings were reduced to correct an administrative error in the prior Form 3.
- Footnotes: F1 — sales pursuant to a 10b5-1 plan dated Dec 4, 2025; F2 — weighted-average price and price range disclosure; F3 — correction of previously reported holdings.
Context
Sales executed under a 10b5-1 plan are typically prearranged and can be routine (e.g., for diversification or liquidity) rather than an indicator of new information. This filing documents a sale, not a purchase or option exercise; no implication of insider trading intent should be inferred from the existence of the 10b5-1 plan. If you need the exact breakdown of shares sold at each price within the reported range, the filer has offered to provide that detail on request.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-26$99.61/sh−44,414$4,424,079→ 55,199 total
Footnotes (3)
- [F1]Sales were made pursuant to a 10b5-1 Plan dated December 4, 2025.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.00 to $100.36, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F3]Total holdings has been reduced to reflect an administrative error in the number of shares originally reported as owned at the time of his most recent Form 3 filing.