Durn Daniel 4
4 · Marvell Technology, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Marvell (MRVL) Director Daniel Durn Exercises Options, Receives RSUs
What Happened Daniel Durn, a current Marvell director who is appointed to become Chief Financial Officer effective June 15, 2026, converted/exercised 3,940 derivative units and received three awards of 25,877 restricted stock units (RSUs) each (total 77,631 RSUs) on June 10, 2026. All reported transactions show an acquisition/exercise price of $0.00, so the reported dollar value of these transactions is $0 on the Form 4.
Key Details
- Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (timely filing).
- Exercise/conversion (code M): 3,940 shares at $0.00 (acquired) and a matching derivative disposition of 3,940 at $0.00 as reported.
- Awards/grants (code A): three grants of 25,877 RSUs each (total 77,631 RSUs) at $0.00.
- Shares owned after the reported transactions: not specified in this filing.
- Footnotes: F1 = each RSU converts to one share on vesting; F2–F6 describe vesting schedules (one grant vested on June 10; others vest over various multi-year schedules and one is contingent on commencement of employment).
- Remarks: Durn is currently a director and will start as CFO effective June 15, 2026.
Context
- These transactions are awards and a conversion/exercise of derivative rights (not open-market purchases or sales). RSUs and exercised derivatives with $0 exercise price typically reflect company awards and vesting mechanics rather than a market buy/sell signal.
- Vesting terms vary by grant (immediate vesting for one grant; other grants vest over 1–4 years or are conditioned on starting employment), per the filing footnotes.
Insider Transaction Report
Form 4
Durn Daniel
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2026-06-10+3,940→ 9,152 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-10−3,940→ 0 total→ Common Stock (3,940 underlying) - Award
Restricted Stock Units
[F1][F3][F4]2026-06-10+25,877→ 25,877 total→ Common Stock (25,877 underlying) - Award
Restricted Stock Units
[F1][F3][F5]2026-06-10+25,877→ 25,877 total→ Common Stock (25,877 underlying) - Award
Restricted Stock Units
[F1][F3][F6]2026-06-10+25,877→ 25,877 total→ Common Stock (25,877 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- [F2]Grant vested on June 10, 2026.
- [F3]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.
- [F4]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.
- [F5]Vests in annual installments over two (2) years from the grant date, subject to continued service.
- [F6]Vests in quarterly installments over one (1) year from the grant date, subject to continued service.
Signature
/s/ Daniel Durn by Blair Walters as attorney in fact|2026-06-12