Marvell (MRVL) Director Brad W. Buss Receives 3,940 Shares

What Happened

• Brad W. Buss, a director of Marvell Technology, had 3,940 restricted stock units (RSUs) vest on June 13, 2026. The Form 4 shows a conversion/exercise of a derivative (code M) resulting in acquisition of 3,940 shares at $0.00 and a corresponding disposition of the derivative interest for 3,940 shares at $0.00. No cash payment was reported.

Key Details

• Transaction date: June 13, 2026; reported on Form 4 filed June 15, 2026 (appears timely under the 2-business-day rule).
• Price: $0.00 per share (typical for vested RSUs converted into common stock).
• Shares involved: 3,940 shares acquired via conversion of RSUs; the filing also records disposition of the derivative RSU interest for 3,940 shares.
• Shares owned after the transaction: not disclosed in the provided filing information.
• Footnotes: F1 clarifies an RSU equals a contingent right to one share upon vesting; F2 states this RSU vested in full on June 13, 2026.
• No 10b5-1 plan, sale for cash, or tax-withholding sale is indicated in this filing.

Context

• This was not an open-market purchase or sale but the conversion of vested RSUs into common stock — a routine compensation/vesting event rather than a market-direction trade signal. For derivative entries, Form 4 often shows both the acquisition of the underlying shares and the simultaneous disposition of the derivative right that converted into those shares.