AI Semiconductor Beneficiary 'Marvell' Executives Sell Portions of Shares Amid RSU Vesting

Marvell Technology, Inc. (MRVL) Chief Financial Officer Willem A. Meintjes sold approximately $4 million of his shares on April 15—roughly ₩5.6 billion—while, through the large vesting of RSUs and PSUs plus the grant of new RSUs, his direct and indirect equity stake rose to about $31 million, or around ₩43 billion.

On the same day, Chairman and CEO Matthew J. Murphy sold roughly $1 million of stock—about ₩1.4 billion—under a pre-established 10b5-1 plan. Thanks to substantial RSU and PSU vesting, however, his net equity position expanded to approximately $105 million, or ₩140 billion.

On April 17, General Counsel Mark Casper sold about $13.6 million worth of shares—approximately ₩1.9 billion—in open-market transactions. He still retains Marvell shares personally and through family trusts, so he has not fully divested.

According to Reuters, Alphabet, Google’s parent company, is in talks with Marvell to develop two custom chips aimed at improving AI model inference efficiency. News of the potential deal drove a short-term surge in Marvell’s share price.

Marvell reported record annual revenue of roughly $8.2 billion—about ₩11 trillion—in its current fiscal year, driven by AI data center demand. The company has set a target of approaching $15 billion in annual revenue by 2028.

Headquartered in Santa Clara, California, Marvell is a semiconductor design firm focused on network and storage chips for data centers and custom AI ASICs. It is expanding its AI data center infrastructure offerings—such as optical interconnect solutions and PCIe 6.0 switches—and, through acquisitions including Celestial AI, is bolstering its custom AI chip and optical-interconnect capabilities. Marvell aims to cement its position alongside NVIDIA and Broadcom as a core player in the AI infrastructure ecosystem.