Meintjes Willem A 4

What Happened

• Willem A. Meintjes, Chief Financial Officer of Marvell Technology, sold 30,000 shares in an open-market transaction on April 15, 2026 at a weighted average price of $134.01, generating $4,020,300.
• On the same date he converted/exercised multiple equity awards (performance stock units and restricted stock units) that resulted in acquired shares (e.g., 3,435; 2,555; 3,822; 121,158 acquired entries) and received a grant/award of 32,639 performance stock units. The performance stock units were certified and some fully vested on April 15, 2026.
• To cover tax withholding and related obligations stemming from vesting/exercise, Meintjes surrendered multiple blocks of shares (1,427; 1,060; 1,592; and 50,327 shares) at $134.60 per share, totaling $7,323,047. Combined with the open-market sale, the dispositions in this filing total about $11.34 million.

Key Details

• Transaction date: April 15, 2026 (Form 4 filed April 16, 2026 — timely).
• Open-market sale: 30,000 shares; weighted average price $134.01; price range reported $132.52–$135.68.
• Tax-withholding dispositions: 1,427; 1,060; 1,592; and 50,327 shares surrendered at $134.60 (total ~$7.32M).
• Awards/exercises: multiple "M" (exercise/conversion) and one "A" (grant/award) entry for performance and restricted stock units; F11 notes PSUs were certified and fully vested on April 15, 2026.
• 10b5-1: The open-market sales were made under a 10b5-1 plan adopted Jan 9, 2026 (Footnote F1).
• Filing timeliness: filed within the expected Form 4 window (no late filing flag in the provided data).
• Shares owned after the transactions: not specified in the excerpt — consult the full Form 4 for post-transaction holdings.

Context

• Many entries show “M” (exercise/conversion) at $0.00 and accompanying “F” entries for tax-withholding — this indicates a cashless-style result where vested/performance units were converted to shares and a portion was surrendered to satisfy tax obligations.
• The open-market sale was executed under a pre-established 10b5-1 plan (routine execution), and the tax-related surrenders are standard when equity awards vest; these actions are typically administrative rather than a clear signal of insider sentiment.
• For retail investors: note the distinction between outright purchases (which can signal bullish conviction) and sales/surrenders following vesting or to satisfy taxes (which are routine and common).