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Marvell (MRVL) director Daniel Durn reports RSU grants and share exercise

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Marvell Technology, Inc. director Daniel Durn reported equity compensation activity. On June 10, 2026 he exercised 3,940 restricted stock units, receiving 3,940 shares of Common Stock and bringing his direct Common Stock holdings to 9,152 shares.

He was also granted restricted stock unit awards covering 25,877 units each, with each unit representing a contingent right to receive one share of Marvell Common Stock upon vesting. These awards carry different vesting schedules, including four-year, two-year and one-year structures, generally with service-based vesting and some tranches vesting annually or quarterly. The material terms were approved by the Board and are subject to his commencement of employment with Marvell on or before June 15, 2026.

Positive

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Insider Durn Daniel
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 3,940 $0.00 --
Grant/Award Restricted Stock Units 25,877 $0.00 --
Grant/Award Restricted Stock Units 25,877 $0.00 --
Grant/Award Restricted Stock Units 25,877 $0.00 --
Exercise Common Stock 3,940 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 9,152 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. Grant vested on June 10, 2026. The material terms of the award were approved by the Board of Directors on June 10, 2026, including a grant date of June 15, 2026. The award is subject to the Reporting Person's commencement of employment with the company on or before June 15, 2026. Vests over four (4) years from the grant date, with twenty-five percent (25%) vesting after one (1) year and the balance vesting quarterly over the following three (3) years, subject to continued service. Vests in annual installments over two (2) years from the grant date, subject to continued service. Vests in quarterly installments over one (1) year from the grant date, subject to continued service.
RSUs exercised 3,940 shares Restricted stock units converted to Common Stock on June 10, 2026
Common Stock holdings 9,152 shares Direct Common Stock owned after transactions on June 10, 2026
RSU award size 25,877 units Each restricted stock unit award, one unit per share upon vesting
Four-year vesting structure 25% after 1 year, balance quarterly One RSU grant vests over four years from grant date
Two-year vesting structure Annual installments over 2 years One RSU grant vests in annual installments from grant date
One-year vesting structure Quarterly installments over 1 year One RSU grant vests quarterly from grant date
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock"
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.
contingent right financial
"represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vests over four (4) years financial
"Vests over four (4) years from the grant date, with twenty-five percent (25%) vesting after one (1) year"
subject to continued service financial
"Vests in annual installments over two (2) years from the grant date, subject to continued service."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Durn Daniel
(Last)(First)(Middle)
5488 MARVELL LANE
(Street)
SANTA CLARA CALIFORNIA 95054
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Marvell Technology, Inc. [ MRVL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026M3,940A$09,152D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/10/2026M3,940 (2) (2)Common Stock3,940$00D
Restricted Stock Units(1)06/10/2026A(3)25,877 (4) (4)Common Stock25,877$025,877D
Restricted Stock Units(1)06/10/2026A(3)25,877 (5) (5)Common Stock25,877$025,877D
Restricted Stock Units(1)06/10/2026A(3)25,877 (6) (6)Common Stock25,877$025,877D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
2. Grant vested on June 10, 2026.
3. The material terms of the award were approved by the Board of Directors on June 10, 2026, including a grant date of June 15, 2026. The award is subject to the Reporting Person's commencement of employment with the company on or before June 15, 2026.
4. Vests over four (4) years from the grant date, with twenty-five percent (25%) vesting after one (1) year and the balance vesting quarterly over the following three (3) years, subject to continued service.
5. Vests in annual installments over two (2) years from the grant date, subject to continued service.
6. Vests in quarterly installments over one (1) year from the grant date, subject to continued service.
Remarks:
The Reporting Person is currently a Director of the company, but has been appointed to serve as the Chief Financial Officer effective as of June 15, 2026.
/s/ Daniel Durn by Blair Walters as attorney in fact06/12/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Daniel Durn report in his latest Form 4 for Marvell Technology (MRVL)?

Daniel Durn reported equity compensation activity, not open-market trades. He exercised 3,940 restricted stock units into Common Stock and received new restricted stock unit awards tied to future vesting, all as part of his compensation package.

How many Marvell (MRVL) shares does Daniel Durn hold after these transactions?

After exercising 3,940 restricted stock units, Daniel Durn directly holds 9,152 shares of Marvell Common Stock. This figure reflects his post-transaction ownership reported in the filing and does not include unvested restricted stock units that may convert in the future.

What is the size of the restricted stock unit awards reported for Daniel Durn at Marvell (MRVL)?

Each reported restricted stock unit award covers 25,877 units, with each unit representing a contingent right to receive one share of Marvell Common Stock upon vesting. Multiple awards of this size are disclosed, each with its own vesting schedule and service conditions.

How do the new restricted stock units for Marvell (MRVL) vest for Daniel Durn?

The awards vest over varying periods. One vests over four years with 25% after one year and the rest quarterly. Others vest in annual installments over two years or in quarterly installments over one year, all subject to continued service with Marvell.

Are Daniel Durn’s Marvell (MRVL) equity awards tied to his employment start date?

Yes. The filing states the Board approved the material terms on June 10, 2026, with a grant date of June 15, 2026. The award is subject to Daniel Durn’s commencement of employment with Marvell on or before June 15, 2026, creating an employment-linked condition.

Do the reported Marvell (MRVL) transactions involve insider buying or selling on the open market?

No. The transactions are compensation-related. They include the exercise of restricted stock units into Common Stock and grants of new restricted stock unit awards. The Form 4 shows no open-market purchases or sales of Marvell shares by Daniel Durn.