RAMASWAMI RAJIV 4

What Happened
Rajiv Ramaswami, a director of Marvell Technology, had derivative securities converted/exercised resulting in 3,082 shares (acquired at $0.00) on June 25, 2026, and the filing also shows a same-day disposition of those 3,082 derivative shares. In addition, he was granted/received 1,034 restricted stock units (RSUs) at $0.00. The filing indicates these were derivative/award transactions rather than open-market purchases or sales for cash.

Key Details

• Transaction date: June 25, 2026; Form 4 filed June 29, 2026 (timely filing).
• Derivative exercise/conversion (code M): 3,082 shares acquired @ $0.00; same 3,082 shares are shown disposed (derivative) @ $0.00 on the same date.
• Grant/award (code A): 1,034 RSUs granted/received @ $0.00.
• Shares owned following the transactions: not specified in the excerpt of the filing.
• Relevant footnotes from the filing:
  • F1: Each RSU equals a contingent right to one share upon vesting.
  • F2: A set of RSUs vested in full on June 25, 2026.
  • F3: Another award vests in full on the earlier of Marvell’s next annual meeting or the one-year anniversary of the grant.
• Filing timeliness: The Form 4 was filed within the SEC’s required period and is not reported late.

Context

• The filing shows conversion/exercise of derivative units and an immediate disposition of the same number of derivative shares the same day. This pattern typically reflects a net settlement or immediate sale/transfer of exercised shares (for example, to cover taxes or fees), but the filing does not state the reason.
• These transactions are award/derivative-related (RSU conversion/settlement), not an open-market buy or discretionary sale of existing shares, so they mainly reflect compensation settlement rather than a directional investment decision.