WALLACE RICHARD P 4
4 · Marvell Technology, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Marvell (MRVL) Director Richard P. Wallace Receives 3,940 Shares
What Happened
Richard P. Wallace, a director of Marvell Technology, reported the vesting/conversion of 3,940 restricted stock units (RSUs) on June 13, 2026. The Form 4 shows an acquisition of 3,940 shares at $0.00 (conversion of the derivative) and a corresponding disposition of 3,940 derivative units at $0.00. There was no cash purchase or sale reported.
Key Details
- Transaction date: June 13, 2026; Form 4 filed June 15, 2026 (within the two-business-day filing window).
- Reported amounts: 3,940 shares acquired at $0.00; 3,940 derivative instruments disposed at $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F2 explains each RSU equals one share upon vesting; F3 confirms the RSU vested in full on June 13, 2026; F1 notes shares are held in the Wallace Family Trust.
- Transaction code M = exercise or conversion of a derivative instrument.
Context
This was an RSU vesting/conversion event (award becoming common shares), not a market sale or open‑market purchase. No proceeds were reported and there’s no indication shares were sold immediately. Vesting of RSUs is typically a routine compensation event and does not by itself signal a buy/sell decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-13+3,940→ 7,727 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-06-13−3,940→ 0 total→ Common Stock (3,940 underlying)
- 600(indirect: By Trust)
Common Stock
[F1]
Footnotes (3)
- [F1]Shares held in the Wallace Family Trust.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- [F3]This restricted stock unit vested in full on June 13, 2026.