Marvell (NASDAQ: MRVL) data center chief logs RSU vesting and tax share surrender
Rhea-AI Filing Summary
Marvell Technology President, Data Center Group, Sandeep Bharathi reported multiple restricted stock unit (RSU) vestings and related tax-withholding share surrenders on January 15, 2026. Several RSU awards converted into common stock at an exercise price of $0, increasing his direct holdings before taxes. To cover tax obligations from these vestings, shares of common stock were surrendered at $80.38 per share, as noted in the explanation of responses.
After the reported transactions, Bharathi directly held 112,380 shares of Marvell common stock. The filing also shows that he continues to hold multiple RSU awards, each representing the right to receive one share of common stock upon vesting, with remaining units scheduled to vest on dates ranging from April 15, 2026 through April 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,679 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,462 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,568 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,757 | $0.00 | -- |
| Exercise | Common Stock | 3,679 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,057 | $80.38 | $165K |
| Exercise | Common Stock | 2,462 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,297 | $80.38 | $104K |
| Exercise | Common Stock | 3,568 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,879 | $80.38 | $151K |
| Exercise | Common Stock | 1,757 | $0.00 | -- |
| Tax Withholding | Common Stock | 926 | $80.38 | $74K |
Footnotes (1)
- Surrender of shares in payment of tax withholding due as a result of the vesting of Restricted 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 April 15, 2026. The remaining Restricted Stock Units shall vest on April 15, 2026, July 15, 2026, October 15, 2026, January 15, 2027 and April 15, 2027. The remaining Restricted Stock Units shall vest on 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.
FAQ
Who is the insider in Marvell (MRVL)'s latest Form 4 filing?
The insider is Sandeep Bharathi, who serves as President, Data Center Group at Marvell Technology, Inc. He filed the Form 4 as a single reporting person.
What transactions did Sandeep Bharathi report in Marvell (MRVL)'s Form 4 on January 15, 2026?
On January 15, 2026, Bharathi reported multiple RSU conversions (code M) into Marvell common stock at an exercise price of $0, and related share surrenders (code F) of common stock at $80.38 per share to cover tax withholding from those RSU vestings.
What do the Restricted Stock Units (RSUs) in the Marvell (MRVL) Form 4 represent?
Each Restricted Stock Unit represents a contingent right to receive one share of Marvell common stock upon vesting, as stated in the explanation of responses.
When will Sandeep Bharathi's remaining Marvell (MRVL) RSUs vest?
The remaining RSUs referenced in the filing are scheduled to vest on multiple dates, including 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, depending on the specific RSU award.
Is Sandeep Bharathi's ownership in Marvell (MRVL) direct or through another entity?
The Form 4 reports Bharathi's holdings as direct (D) ownership for both common stock and RSUs, and the footnotes do not indicate that the shares are held through a separate entity.