Marvell EVP Casper RSUs vest, shares withheld for tax

Marvell Technology EVP & Chief Legal Officer Mark Casper reported the vesting and conversion of 2,486 restricted stock units into common shares on August 15, 2025.

Rhea-AI Filing Summary

Marvell Technology EVP & Chief Legal Officer Mark Casper reported the vesting and conversion of 2,486 restricted stock units into common shares on August 15, 2025. 1,233 of those shares were surrendered to cover tax withholding at $76.19 per share. He now holds 5,567 common shares directly and 17,163 shares indirectly via the Mark J. Casper and Stephanie Casper Revocable Trust for family beneficiaries. Each RSU represents a contingent right to one common share, and the remaining RSUs will vest on November 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.

Insider Trade Summary

2,486 shares exercised/converted

Exercise 4 txns

Insider Casper Mark

Role EVP & Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,486	$0.00	$0.00
Exercise	Common Stock	2,486	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,233	$76.19	$94K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,486 contracts (Direct); Common Stock — 5,567 shares (Direct); Common Stock — 17,163 shares (Indirect, By Trust)

Footnotes (4)

1. F1. Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
2. F2. 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. F3. Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
4. F4. The remaining RSUs will vest on 11/15/2025.

Key Figures

RSUs converted to common: 2,486 shares Shares surrendered for tax: 1,233 shares Tax withholding price: $76.19 per share +3 more

6 metrics

RSUs converted to common 2,486 shares Restricted stock units vested and converted on 2025-08-15

Shares surrendered for tax 1,233 shares Common shares delivered for tax withholding at $76.19 per share

Tax withholding price $76.19 per share Price applied to shares surrendered to satisfy tax obligations

Direct common stock holding 5,567 shares Direct Marvell common shares held after reported transactions

Indirect trust holding 17,163 shares Common shares held via the Mark J. Casper and Stephanie Casper Revocable Trust

Remaining RSU vesting date 11/15/2025 Date when the remaining restricted stock units will vest

Key Terms

Restricted Stock Units, Revocable Trust, contingent right, tax withholding

4 terms

Restricted Stock Units financial

"as a result of the vesting of restricted stock units ("RSUs")"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Revocable Trust financial

"Held in the Mark J. Casper and Stephanie Casper Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

contingent right financial

"Each RSU represents a contingent right to receive one common share"

tax withholding financial

"Surrender of shares in payment of tax withholding due"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What RSU vesting did MRVL executive Mark Casper report on this Form 4?

Mark Casper reported 2,486 restricted stock units vesting and converting into common shares on August 15, 2025. Each RSU represents a contingent right to receive one Marvell Technology common share, with additional RSUs scheduled to vest on November 15, 2025.

How many MRVL shares did Mark Casper surrender for tax withholding?

Casper surrendered 1,233 common shares for tax withholding at $76.19 per share in connection with the RSU vesting. These shares were delivered to satisfy tax obligations arising from the conversion of restricted stock units into Marvell Technology common stock.

How many MRVL common shares does Mark Casper hold directly after these transactions?

Following the reported transactions, Casper directly holds 5,567 shares of Marvell common stock. This figure reflects his direct ownership position as of the Form 4 filing and is separate from additional indirect holdings through a family revocable trust.

What indirect MRVL share holdings does Mark Casper report via a trust?

Casper reports 17,163 Marvell common shares held indirectly through a revocable trust. The Mark J. Casper and Stephanie Casper Revocable Trust holds these shares for the benefit of members of his immediate family, with Casper serving as trustee.

When will the remaining MRVL RSUs reported by Mark Casper vest?

The remaining restricted stock units will vest on November 15, 2025. Upon vesting, each RSU provides a contingent right to receive one Marvell Technology common share, subject to any applicable tax withholding or other settlement conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/18/2025 - 05:51 PM Learn about SEC filing dates

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^*

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.