Casper Mark 4

What Happened Mark Casper, EVP & Chief Legal Officer of Marvell Technology (MRVL), had restricted stock units (RSUs) convert into 4,112 shares on July 15, 2026. To cover tax withholding on the vesting, 2,167 shares were surrendered at an assigned value of $206.26 per share, totaling $446,966. The vesting resulted in a net increase of 1,945 shares retained by Casper (4,112 vested minus 2,167 surrendered). These entries are RSU vesting and withholding transactions (transaction codes M = conversion/exercise of derivative; F = shares withheld for taxes), not open-market purchases or discretionary sales.

Key Details

• Transaction date: 2026-07-15; Form 4 filed 2026-07-16 (timely).
• Vesting/conversion: 4,112 RSUs converted to 4,112 shares (reported at $0 cash consideration).
• Shares surrendered for tax withholding: 734, 806 and 627 shares at $206.26 each (total surrendered 2,167 shares; total value ≈ $446,966).
• Net shares retained after withholding: 1,945 shares.
• Footnotes: F1 = shares surrendered to pay tax withholding; F2 = some shares held in the Mark J. Casper and Stephanie Casper Revocable Trust for family members; F3–F6 describe that each RSU equals one share and list remaining RSU vesting schedules (remaining tranches vest through April 2029).
• No indication of a 10b5-1 plan or gift; these are routine RSU vesting and tax-withholding actions.

Context This filing reflects routine RSU vesting and a cashless-like withholding (shares surrendered to cover taxes), not an open-market sale or purchase. Such withholding is common and does not by itself indicate the insider’s view on the company’s stock.