Scarpulla Justin 4

What Happened

• Justin Scarpulla, SVP and Chief Accounting Officer of Marvell Technology, had 510 restricted stock units (RSUs) convert to 510 shares on July 15, 2026. Of those, 253 shares were surrendered to cover tax withholding at $206.26 per share, totaling $52,184. The conversion/vest is reported as an exercise/conversion of a derivative (code M) and the surrender for taxes is reported under code F.

Key Details

• Transaction date: July 15, 2026; Form 4 filed July 16, 2026 (timely filing).
• Shares vesting/converted: 510 shares at $0.00 (RSU conversion).
• Shares surrendered for tax withholding: 253 shares at $206.26 = $52,184.
• Net shares retained from this vesting event: 257 shares (510 vested − 253 surrendered).
• Filing notes: F1 notes 156 shares purchased June 5 under the employee stock purchase plan; F2 confirms surrender of shares to satisfy tax withholding; F3 defines each RSU as a contingent right to one share; F4 lists remaining RSU vesting dates through April 15, 2029.
• The filing does not state a total “owned after” share count beyond the items above.

Context

• This was a routine RSU vesting with shares withheld to satisfy tax obligations (a common, non-speculative payroll withholding action). The conversion of RSUs is reported as a derivative exercise; the surrender of shares for taxes is effectively a cashless withholding rather than an open-market sale. Remaining RSUs will vest on scheduled dates through April 2029 per the footnote.