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Marvell Technology, Inc. (MRVL) insider reports RSU and PSU vesting on 12/15/2025

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Marvell Technology, Inc. officer Sandeep Bharathi, President of the Data Center Group, reported equity award vesting and related share-withholding transactions dated 12/15/2025.

On that date, 4,714 shares of common stock were issued at an exercise price of $0 upon vesting of Restricted Stock Units, and 2,482 shares were surrendered at $84.26 to cover tax withholding. In a separate award, 54,959 shares were issued at $0 upon vesting of Performance Stock Units, and 28,936 shares were surrendered at $84.26 for tax withholding. After these transactions, he directly owned 107,073 shares of common stock and 32,991 Restricted Stock Units, which are scheduled to vest in installments through June 15, 2029.

Positive

  • None.

Negative

  • None.
Insider Bharathi Sandeep
Role President, Data Center Group
Type Security Shares Price Value
Exercise Restricted Stock Units 4,714 $0.00 --
Exercise Performance Stock Units 54,959 $0.00 --
Exercise Common Stock 4,714 $0.00 --
Tax Withholding Common Stock 2,482 $84.26 $209K
Exercise Common Stock 54,959 $0.00 --
Tax Withholding Common Stock 28,936 $84.26 $2.44M
Holdings After Transaction: Restricted Stock Units — 32,991 shares (Direct); Performance Stock Units — 0 shares (Direct); Common Stock — 83,532 shares (Direct)
Footnotes (1)
  1. Surrender of shares in payment of tax withholding due as a result of the vesting of Restricted Stock Units. Surrender of shares in payment of tax withholding due as a result of the vesting of Performace Stock Units. Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. The remaining Restricted Stock Units shall vest on June 15, 2026, December 15, 2026, June 15, 2027, December 15, 2027, June 15, 2028, December 15, 2028 and June 15, 2029. Each Performance Stock Unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. Reflects the number of shares earned at cliff vesting with respect to the performance award granted on December 15, 2022. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were certified on December 11, 2025.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bharathi Sandeep
(Last) (First) (Middle)
5488 MARVELL LANE
(Street)
SANTA CLARA CA 95054
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Marvell Technology, Inc. [ MRVL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Data Center Group
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/15/2025 M 4,714 A $0 83,532 D
Common Stock 12/15/2025 F(1) 2,482 D $84.26 81,050 D
Common Stock 12/15/2025 M 54,959 A $0 136,009 D
Common Stock 12/15/2025 F(2) 28,936 D $84.26 107,073 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) 12/15/2025 M 4,714 (4) (4) Common Stock 4,714 $0 32,991 D
Performance Stock Units (5) 12/15/2025 M 54,959 (6) (6) Common Stock 54,959 $0 0 D
Explanation of Responses:
1. Surrender of shares in payment of tax withholding due as a result of the vesting of Restricted Stock Units.
2. Surrender of shares in payment of tax withholding due as a result of the vesting of Performace Stock Units.
3. Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
4. The remaining Restricted Stock Units shall vest on June 15, 2026, December 15, 2026, June 15, 2027, December 15, 2027, June 15, 2028, December 15, 2028 and June 15, 2029.
5. Each Performance Stock Unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
6. Reflects the number of shares earned at cliff vesting with respect to the performance award granted on December 15, 2022. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were certified on December 11, 2025.
Remarks:
Sandeep Bharathi by Blair Walters as Attorney-in-Fact 12/15/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Marvell Technology (MRVL) report for 12/15/2025?

The filing reports that officer Sandeep Bharathi had Restricted Stock Units and Performance Stock Units vest on 12/15/2025, resulting in new common shares being issued and some shares surrendered to cover tax withholding.

How many Marvell Technology RSUs and PSUs vested for Sandeep Bharathi?

On 12/15/2025, 4,714 shares of common stock were issued from vested Restricted Stock Units and 54,959 shares of common stock were issued from vested Performance Stock Units.

How many Marvell Technology shares were surrendered for tax withholding?

The filing states that 2,482 shares and 28,936 shares of common stock were surrendered at $84.26 per share to pay tax withholding related to the RSU and Performance Stock Unit vesting.

What is Sandeep Bharathi’s reported ownership in Marvell Technology after these transactions?

After the reported transactions, Sandeep Bharathi directly owned 107,073 shares of Marvell Technology common stock and 32,991 Restricted Stock Units.

When will Sandeep Bharathi’s remaining Marvell Restricted Stock Units vest?

The remaining Restricted Stock Units are scheduled to vest on June 15, 2026, December 15, 2026, June 15, 2027, December 15, 2027, June 15, 2028, December 15, 2028 and June 15, 2029.

What does each Marvell Technology RSU and Performance Stock Unit represent in this filing?

Each Restricted Stock Unit and each Performance Stock Unit represents a contingent right to receive one share of Marvell Technology common stock upon vesting.