WALLACE RICHARD P 4

What Happened
Wallace Richard P., a director of Marvell Technology, received a grant of 1,034 restricted stock units (RSUs) on 2026-06-25. The transaction is reported as an award/acquisition (derivative) at $0.00 per unit — RSUs are contingent rights, not an immediate cash purchase or sale. The filing (accession 0001628280-26-045954) was submitted on 2026-06-29.

Key Details

• Transaction date: 2026-06-25; Form 4 filed: 2026-06-29 (appears timely).
• Instrument: 1,034 restricted stock units (derivative award), reported at $0.00.
• Footnote F1: Each RSU converts to one share of Marvell common stock upon vesting.
• Footnote F2: RSUs vest in full on the earlier of Marvell’s next annual meeting of stockholders or the one-year anniversary of the grant date (one-year cliff).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding sale, or option exercise noted in the provided details.

Context
RSU grants to directors are a common form of compensation and do not involve an immediate market purchase or sale; their eventual value depends on Marvell’s share price at the time they vest and are settled. This award should be viewed as compensation-related rather than a direct insider purchase signaling a personal investment decision.