Form 4: Marvell Technology Executive Discloses RSU Vesting and New Grant

Sandeep Bharathi, President of Marvell Technology's Data Center Group, reported the vesting of restricted stock units, associated tax withholdings, and a new RSU grant.

Summary

• Sandeep Bharathi, President of the Data Center Group at Marvell Technology, Inc. (MRVL), reported multiple transactions on July 15, 2025.
• Bharathi acquired a total of 11,465 shares of Common Stock through the vesting of Restricted Stock Units (RSUs) at an exercise price of $0.00.
• Concurrently, Bharathi disposed of a total of 6,039 shares of Common Stock at a price of $72.41 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Bharathi's direct beneficial ownership of Common Stock was 69,992 shares.
• Additionally, Bharathi was granted 112,560 new Restricted Stock Units (RSUs) on July 15, 2025, bringing the total beneficially owned derivative securities to 112,560 RSUs.
• The remaining RSUs from previous grants are scheduled to vest on various dates, including October 15, 2025, January 15, 2026, April 15, 2026, July 15, 2026, October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028, and April 15, 2028.
• The newly granted 112,560 RSUs will vest annually on the anniversary of the grant date (July 15, 2025) according to a schedule: 10% on the first anniversary, 20% on the second, 30% on the third, and 40% on the fourth.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions related to executive compensation, specifically RSU vesting and tax withholding, which does not inherently indicate positive or negative sentiment about the company's performance or outlook.

Positives

• The vesting of Restricted Stock Units (RSUs) and the grant of new RSUs indicate ongoing executive compensation and alignment of management's interests with shareholder value.
• The acquisition of shares through RSU vesting increases the executive's direct ownership in the company.

Negatives

• The disposition of shares for tax withholding is a routine event and does not reflect a negative outlook on the company.

Future Outlook

The document does not provide forward-looking statements or guidance regarding the company's financial performance or strategic direction, focusing solely on insider transactions.

Industry Context

This filing is a routine disclosure of executive compensation-related stock transactions and does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Disclosure of executive compensation and ownership changes provides transparency regarding management's stake in the company, which can influence investor confidence.

Next Steps

• Remaining Restricted Stock Units (RSUs) from previous grants will continue to vest on a quarterly basis until April 15, 2028.
• The newly granted 112,560 RSUs will vest annually over four years, starting from July 15, 2026.

Key Dates

Keywords

Marvell Technology, MRVL, Sandeep Bharathi, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Compensation, Data Center Group