Marvell exec sells 66,892 shares under 10b5-1 plan
Marvell Technology, Inc. President, Data Center Group, Bharathi Sandeep reported a mix of equity compensation activity, tax withholding, and an open-market sale.
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Form Type
4
Rhea-AI Filing Summary
Marvell Technology, Inc. President, Data Center Group, Bharathi Sandeep reported a mix of equity compensation activity, tax withholding, and an open-market sale. Sandeep sold 66,892 shares of common stock at a weighted average of $130.35 per share in an open-market transaction made under a pre-arranged Rule 10b5-1 Plan. Around the same time, multiple restricted stock units and performance stock units were exercised into common stock, and 74,386 shares were surrendered to cover tax withholding at $134.60 per share. Sandeep also received a new grant of 40,799 restricted stock units that will vest quarterly over three years. After these transactions, Sandeep directly holds 55,199 shares of Marvell common stock.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
17 txns
Insider
Bharathi Sandeep
Role
President, Data Center Group
Sold
66,892 shs ($8.72M)
Approx. gross sale proceeds
$8.72M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 66,892 | $130.35 | $8.72M |
| Grant/Award | Restricted Stock Units | 40,799 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,680 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,463 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,567 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,757 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 129,811 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,680 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,938 | $134.60 | $261K |
| Exercise | Common Stock | 2,463 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,297 | $134.60 | $175K |
| Exercise | Common Stock | 3,567 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,879 | $134.60 | $253K |
| Exercise | Common Stock | 1,757 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 926 | $134.60 | $125K |
| Exercise | Common Stock | 129,811 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68,346 | $134.60 | $9.20M |
Holdings After Transaction:
Restricted Stock Units — 93,243 contracts (Direct);
Performance Stock Units — 0 contracts (Direct);
Common Stock — 55,199 shares (Direct)
Footnotes (11)
- F1. Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units.
- F2. Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units.
- F3. Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on December 4, 2025.
- F4. The price reported is a weighted average price rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $128.48 to $133.00, 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.
- F5. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- F6. The restricted stock units shall vest in equal quarterly installments over a three-year period and were granted pursuant to the annual equity grant program.
- F7. This award fully vested on April 15, 2026.
- F8. The remaining restricted stock units shall vest on July 15, 2026, October 15, 2026, January 15, 2027 and April 15, 2027.
- F9. The remaining restricted stock units shall vest on 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.
- F10. Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- F11. Reflects the number of shares earned with respect to performance stock units that fully vested on April 15, 2026. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on April 15, 2026.
Key Figures
Open-market sale shares: 66,892 shares
Open-market sale price: $130.35/share
Shares surrendered for taxes: 74,386 shares
+5 more
8 metrics
Open-market sale shares
66,892 shares
Common Stock sold at weighted avg $130.35 on April 16, 2026
Open-market sale price
$130.35/share
Weighted average sale price; trades from $128.48 to $133.00
Shares surrendered for taxes
74,386 shares
Common Stock surrendered for tax withholding at $134.60/share
Tax withholding price
$134.60/share
Price used for tax-withholding share surrenders
New RSU grant
40,799 RSUs
Restricted stock units vesting quarterly over three years
PSUs converted
129,811 units
Performance stock units exercised into common stock at $0.00
Post-transaction holdings
55,199 shares
Common Stock directly owned after all reported transactions
Total derivative exercises
141,278 shares
Shares from derivative exercises (M-code) in this filing
Key Terms
Rule 10b5-1 Plan, restricted stock unit, performance stock unit, tax withholding, +1 more
5 terms
Rule 10b5-1 Plan regulatory
"Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on December 4, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance stock unit financial
"Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax withholding financial
"Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
weighted average price financial
"The price reported is a weighted average price rounded to the nearest cent."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MRVL executive Bharathi Sandeep report?
Bharathi Sandeep reported an open-market sale of common stock, tax-related share surrenders, and several equity award exercises and grants. The activity reflects routine compensation events plus one discretionary sale, all detailed with specific share counts and prices.
What new equity awards did Bharathi Sandeep receive from Marvell (MRVL)?
Sandeep received 40,799 restricted stock units, each representing a right to one MRVL share upon vesting. These units vest in equal quarterly installments over three years as part of the company’s annual equity grant program, subject to continued service.
What happened to Bharathi Sandeep’s Marvell performance stock units (PSUs)?
Performance stock units covering 129,811 shares were exercised into common stock at a $0.00 conversion price. The filing notes these PSUs fully vested on April 15, 2026, after the company certified the achievement levels of the applicable relative TSR performance metrics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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