Meintjes Willem A 4/A

What Happened
Willem A. Meintjes, CFO of Marvell Technology, exercised/converted 47,304 performance stock units (PSUs) that vested and resulted in issuance of 47,304 shares on January 15, 2026. Of those, 19,664 shares were surrendered to cover tax withholding at $80.38 per share (total withholding value $1,580,592), leaving a net issuance of 27,640 shares to Mr. Meintjes. The PSUs were granted January 15, 2023 as a performance-based award and performance was certified December 11, 2025.

Key Details

• Transaction dates and prices:
  • Grant: Jan 15, 2023 (performance award)
  • Performance certified: Dec 11, 2025
  • Vesting / Exercise / Conversion: Jan 15, 2026 — 47,304 PSUs → 47,304 shares at $0.00 exercise price
  • Tax withholding surrender: 19,664 shares disposed at $80.38 each = $1,580,592
• Net shares issued to insider: 27,640 shares (47,304 − 19,664)
• Footnotes:
  • F1: Surrendered shares used to pay tax withholding on PSU vesting.
  • F2–F4: Each PSU converts to one share upon vesting; award was performance-based with a 3‑year cliff and certified 12/11/2025, vesting 1/15/2026.
• Filing notes: The Form 4 filed Jan 20, 2026 was amended (filed Jan 30, 2026) to add information about the Jan 15, 2023 grant that was inadvertently omitted.

Context
This was a performance‑based PSU vesting and routine tax‑withholding surrender — not an open‑market sale. PSUs convert to shares upon vesting (no cash purchase), and surrendering shares to satisfy withholding is a common administrative action and does not necessarily indicate trading sentiment. The amendment addresses an omission in the earlier Form 4; no other late‑filing flag is indicated in the provided information.