MRVL Insider Filing: Mark Casper Surrenders Shares for RSU Tax Withholding

Rhea-AI Filing Summary

Mark Casper, EVP & Chief Legal Officer of Marvell Technology, Inc. (MRVL), reported transactions tied to the vesting of restricted stock units (RSUs) dated 08/15/2025. A total of 2,486 RSUs vested and were delivered as common stock; the reporting shows 2,486 shares acquired with no cash price and then 2,486 shares held directly after vesting. To satisfy tax withholding on the vesting, 1,233 shares were surrendered at a price of $76.19, and 2,486 shares were listed as acquired under a separate code for vesting. Following these transactions, Mr. Casper directly owns 6,800 shares and holds 17,163 shares indirectly in a revocable trust for family beneficiaries. Remaining RSUs will vest on 11/15/2025.

Insights

Financial Analyst

TL;DR: Routine executive RSU vesting with share surrender for tax withholding; no material change to control or outstanding share structure.

The Form 4 discloses customary equity compensation mechanics: 2,486 RSUs vested and became common shares, with 1,233 shares surrendered to cover tax obligations at $76.19 per share. The reporting person retains direct ownership of 6,800 shares and indirect ownership of 17,163 shares via a family revocable trust. These are standard insider filings that reflect compensation realization rather than open-market trading or strategic shifts. There is no evidence in the filing of additional option exercises, open-market purchases, or sales that would materially alter ownership percentages.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 requirements for RSU vesting and tax withholding; governance norms maintained.

The filing appropriately reports the vesting event and the in-kind surrender of shares for tax withholding, with the reporting person identified as trustee of a revocable family trust holding 17,163 shares indirectly. Signature by attorney-in-fact is noted and the remaining RSUs' vesting schedule is disclosed (next vesting on 11/15/2025). This presents no red flags for governance or unusual insider behavior based on the information provided.

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

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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^*

Casper Mark

(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)
	EVP & Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		M		2,486	A	$0	6,800	D
Common Stock	08/15/2025		F(1)		1,233	D	$76.19	5,567	D
Common Stock								17,163	I	By Trust(2)

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)	08/15/2025		M			2,486	(4)	(4)	Common Stock	2,486	$0	2,486	D

Explanation of Responses:

1. Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").

2. Held in the Mark J. Casper and Stephanie Casper Revocable Trust, of which the Reporting Person is the trustee, for the benefit of members of his immediate family.

3. Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.

4. The remaining RSUs will vest on 11/15/2025.

Remarks:

	Mark Casper by Blair Walters as Attorney-in-Fact	08/18/2025
	** 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.

FAQ

What transactions did Mark Casper report on Form 4 for MRVL?

The filing reports 2,486 RSUs vested on 08/15/2025 which became common shares and the surrender of 1,233 shares to satisfy tax withholding at $76.19 per share.

How many shares does Mark Casper own directly and indirectly after these transactions?

After the reported transactions he directly owns 6,800 shares and indirectly holds 17,163 shares through the Mark J. Casper and Stephanie Casper Revocable Trust.

Why were 1,233 shares surrendered in the Form 4?

The filing explains the surrender was to pay tax withholding due upon the vesting of restricted stock units (RSUs).

When will the remaining RSUs vest for Mark Casper?

The filing states the remaining RSUs will vest on 11/15/2025.

Was the Form 4 signed personally by Mark Casper?

The signature block shows the filing was executed by Mark Casper by Blair Walters as Attorney-in-Fact on 08/18/2025.