Durn Daniel 4

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.