Casper Mark 4

4 · Marvell Technology, Inc. · Filed Apr 17, 2026

AI-generated summary of this filing

Updated Apr 17, 2026

Marvell (MRVL) EVP Mark Casper Exercises Awards, Surrenders Shares

What Happened

Mark Casper, Executive Vice President & Chief Legal Officer of Marvell Technology (MRVL), had performance and restricted stock units convert/vest on April 15, 2026. He received a total of 83,018 shares from conversions and an additional 14,280-share award (derivative), and surrendered 41,163 shares to cover tax withholding.
The surrendered shares were recorded as payments for tax liabilities (code F) at a reported share value of $134.60, totaling $5,540,539 across multiple withholding events (breakouts shown on the Form 4). The conversions/vests are reported at $0.00 per share because they were awards/derivative settlements (code M/A).

Key Details

Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely within the usual two-business-day window).
Conversions/exercises (code M) reported: 2,208; 1,394; 1,529; 77,887 shares (total 83,018). Grant/award (code A): 14,280 shares.
Shares surrendered for tax withholding (code F): 1,095 ($147,387), 692 ($93,143), 759 ($102,161), and 38,617 ($5,197,848) — total surrendered = 41,163 shares for $5,540,539.
Footnotes of note:
- F10: Performance stock units fully vested and were certified on April 15, 2026.
- F1/F2: Surrenders were to satisfy tax withholding on vesting of restricted and performance stock units.
- F4/F9: Each RSU/PSU represents a contingent right to one share upon vesting.
- F3: Some shares are held in the Mark J. Casper and Stephanie Casper Revocable Trust for family benefit.
The filing does not indicate any open-market sale by Casper — the disposals are net share surrenders to cover taxes (routine).

Context

This is a net settlement of equity awards (common for vesting RSUs/PSUs): awards converted to shares, and a portion was withheld/surrendered to pay taxes rather than sold on the open market. Such tax-withholding surrenders are routine and do not necessarily indicate insider sentiment about the stock.
Transaction codes: M = exercise/conversion of derivative (vesting of RSUs/PSUs), A = award/grant, F = payment of exercise price or tax liability (surrendered shares).

Form 4

Period: 2026-04-15

EVP & Chief Legal Officer

Transactions

Exercise/Conversion
Common Stock
2026-04-15+2,208→ 6,231 total
Tax Payment
Common Stock
[F1]
2026-04-15$134.60/sh−1,095$147,387→ 5,136 total
Exercise/Conversion
Common Stock
2026-04-15+1,394→ 6,530 total
Tax Payment
Common Stock
[F1]
2026-04-15$134.60/sh−692$93,143→ 5,838 total
Exercise/Conversion
Common Stock
2026-04-15+1,529→ 7,367 total
Tax Payment
Common Stock
[F1]
2026-04-15$134.60/sh−759$102,161→ 6,608 total
Exercise/Conversion
Common Stock
2026-04-15+77,887→ 84,495 total
Tax Payment
Common Stock
[F2]
2026-04-15$134.60/sh−38,617$5,197,848→ 45,878 total
Award
Restricted Stock Units
[F4][F5]
2026-04-15+14,280→ 14,280 total
→ Common Stock (14,280 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F6]
2026-04-15−2,208→ 0 total
→ Common Stock (2,208 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F7]
2026-04-15−1,394→ 5,575 total
→ Common Stock (1,394 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F8]
2026-04-15−1,529→ 12,232 total
→ Common Stock (1,529 underlying)
Exercise/Conversion
Performance Stock Units
[F9][F10]
2026-04-15−77,887→ 0 total
→ Common Stock (77,887 underlying)

Holdings

Footnotes (10)

[F1]Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units.
[F10]Reflects the number of shares earned with respect to performance stock units that fully vested on April 15, 2026. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were certified on April 15, 2026.
[F2]Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units.
[F3]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.
[F4]Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
[F5]The restricted stock units shall vest in equal quarterly installments over a three-year period and were granted pursuant to the annual equity grant program.
[F6]This award fully vested on April 15, 2026.
[F7]The remaining Restricted Stock Units shall vest on July 15, 2026, October 15, 2026, January 15, 2027 and April 15, 2027.
[F8]The remaining Restricted Stock Units shall vest on July 15, 2026, October 15, 2026, January 15, 2027, April 15, 2027, October 15, 2027, January 15, 2028 and April 15, 2028.
[F9]Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.

Signature

Mark Casper by Blair Walters as Attorney-in-Fact|2026-04-16

1 file