MURPHY MATTHEW J 4

What Happened

• Matthew J. Murphy, Chairman and CEO of Marvell Technology, had 144,662 Performance Stock Units convert to the same number of common shares on Feb 2, 2026. Of those shares, 72,765 were surrendered to the company to satisfy tax withholding obligations, representing proceeds of $5,723,695 (72,765 × $78.66). Net shares received by Murphy were 71,897 (144,662 − 72,765).

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (timely filing within the standard 2-business-day window).
• Conversion/Exercise entry (code M): 144,662 PSUs converted to common stock at $0.00 per share (each PSU = one share).
• Tax withholding entry (code F): 72,765 shares surrendered at $78.66 per share for $5,723,695 in tax withholding.
• Footnotes: The PSUs vested on April 15, 2025 and were subject to a deferral election; shares were issued on the deferred settlement date of Feb 2, 2026.
• Shares owned after the transaction: not specified in the provided filing; net new shares received from this event = 71,897.

Context

• This was not an open-market sale or discretionary purchase. The activity reflects a routine conversion/settlement of a performance award and the common practice of surrendering shares to cover required tax withholding.
• Transaction codes: M indicates exercise/conversion of a derivative (here, PSUs converting to shares); F indicates shares surrendered to satisfy tax withholding. Such transactions typically do not signal a buy/sell decision about the company's stock.